Revolutionizing the Manufacturing Industry
Internet of Things (IoT) sits at the heart of Industry 4.0, the current trend of automation and data exchange that is hitting industries worldwide and becoming an essential component for cyber-physical systems. IoT holds great technical and economic worth as it promises to lower operational costs, increase durability of products and turn remote operation a reality. Experts have estimated that by 2025 there would be over 100 billion connected IoT devices, having a global impact of $11 trillion.
At the very core of IoT is the "Smart Factory", a term used to describe an industrial environment that fully utilizes the power of Industry 4.0 concepts.