Manufacturers have historically experienced several forms of friction that have resulted in a high failure rate for Industrial IoT initiatives. This has lead many manufacturers to believe that the costs of implementing IoT exceed the potential benefits.
In "Eliminating Friction," VP of Business Development Dave Westrom explains that the true cause of failure is the lack of getting to value quickly. After all, time is money, and the more time spent trying to launch a successful IIoT initiative, the greater likelihood it will fail.
With this said, the key to success is speed and agility, which should be the primary considerations when making decisions around IIoT investments. This paper will examine the causes of friction and how MachineMetrics mitigates those causes and exponentially accelerates the ‘time to money’.