The Internet of Things (IoT) has taken the manufacturing world by storm. By tapping into the already existing streams of data, IoT based software & hardware technologies have defined the term “automation” in a futuristic manner. For manufacturers especially, the implications are grand. It is estimated that by 2025, IoT could unleash as much as $2.31 trillion in global economic value.
But don’t let sheer numbers get to your head. Migrating from a conventional system to a IoT based one is easier said than done. Makings sure you’re checking all the necessary boxes is vital for your company’s survival. Decisions regarding the choice of hardware & software can be daunting due to the confusing & overwhelming technology used.