IoT security seems to be less of a concern to manufacturers leaving them vulnerable to hackers. Here's what to do to generate profits from embedded intelligence and enhance companywide security.
You can complain about the skills gap, or you can leverage the 3Es and fix it. Here's how.
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, [...]
Most manufaturers recognize the importance of global awareness for their businesses. Yet less than half are actively participating in international business: Only 46% of U.S. manufacturers operate or partner in one or more production facilities outside the United States, and just 47% have one or more sales and/or distribution facilities outside the United States. Other firms have more aggressive global plans: 9% of manufacturers have production facilities in more than 10 countries, and 12% of manufacturers have sales and/or distribution facilities in 10 or more countries.[1] Unfortunately, Next Generation Manufacturing research finds that a majority of manufacturers don’t measure [...]
