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Industrial IoT:
A reality check
Reply explores two key areas that are pushing the growth of IoT within industry: smart factories and smart transport & logistics.
The growth of Industrial IoT
Along with the ubiquitous role of cloud computing as the new standard for software and services, IoT is today’s other leading technology, completing cloud with new hardware flocking onto both consumer and industrial markets. Looking at the platforms that are pushing the growth of the IoT market, the use of IoT in manufacturing is the most relevant segment.
Industrial players can get several benefits from adopting IoT as innovation driver
Connected products and services will support both our personal and professional lives
An astonishing growth of connected devices will be achieved thanks to new use cases enabled by 5G networks and edge/cloud-powered architectures, creating a global total spend on IoT that could grow up to 1,200 billion Euros in the next five years.
IoT based approach for supply chains
Adopting an IoT-based approach throughout supply chains is significantly changing business models, enabling new products and services and boosting investment in Industrial IoT.
Analysis of data
through IoT
Besides benefits for end-users, real-time monitoring and analysis of data through IoT will deliver several benefits to organisations, leading to potential cost cuts and increased profits.
A world of connected products
Traditional barriers among IT managers, OT managers and business experts will be broken to allow the company to figure how to position itself in a world of connected products.
