Study Finds Manufacturers are Profiting from the IoT
Just two years after nearly half of manufacturers hadn’t even heard of the IoT, a majority are now making money off the IoT.
Just two years after nearly half of manufacturers hadn’t even heard of the IoT, a majority are now making money off the IoT.
MPI IoT Study shows that many manufacturers are now not only ready, but are pulling ahead of their competitors when it comes to the IoT.
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By John R. Brandt Here’s something I bet you didn’t know: The Internet of Things (IoT) isn’t just a digital revolution, but also a magical place in which the ordinary rules of business and finance don’t apply. Don’t believe me? Just ask a bunch of manufacturing executives.[1] First, they’ll tell you that they and their companies aren’t yet ready for the IoT: Only 11% have an IoT process strategy in place, Only 12% have an IoT product strategy in place, and Nearly half (44%) have trouble identifying opportunities to use the IoT in their plants or products Next, [...]