Industrial Internet of Things (IIoT) is a rapidly progressing sector accounting for the maximum share in the global IoT spending. According to IDC and SAP, in 2017, 60 percent of global manufacturers will use analytics data tracked using connected devices to analyze processes and identify optimization possibilities.
Manufacturers and industrialists in every sector have a significant opportunity at hand where they can not only monitor but also automate many of complex process involved in manufacturing. While there have been systems which can track progress in the plant but the industrial IoT (IIoT) technology provides far more intricate details to the managers.
According to a research by Business Insider, global manufacturers will invest $70 billion in IoT solutions in 2020. That’s up from $29 billion from 2015.
At NewGenApps, we communicated with manufacturers across the globe and researched through some of the top research papers to accumulate the top 8 uses of IoT in manufacturing. The aim of this article is to educate executives in the manufacturing industry about the possible uses cases of Industrial IoT and ways of leveraging it.