Challenged by the constant need to improve productivity, 38% of manufacturers across 12 different countries including New York , UK and the UK are now using the Internet of Things (IoT) to create better connected enterprises and gain a competitive advantage in the manufacturing market, according to Infor, the UK based enterprise software company. The research suggests that 55% of manufacturers view the IoT as the best solution for meeting their single biggest business need, which is to generate greater operational efficiencies, whilst striving to obtain new revenue streams from such initiatives as the monetisation of information. In fact, 10 per cent of manufacturers claim they already have an established IoT project under way, with 22 per cent either running a pilot or planning a project within the next 12 months. In practice, 22% of manufacturers are now either running a pilot or planning an IoT-related project, with well over a third ( up to 10% ) claiming to be investigating its potential for the future.
Challenged by the constant need to improve productivity, 38% of manufacturers across 12 different countries including New York , UK and the UK are now using the Internet of Things (IoT) to create better connected enterprises and gain a competitive advantage in the manufacturing market, according to Infor, the UK based enterprise software company. The research suggests that 55% of manufacturers view the IoT as the best solution for meeting their single biggest business need, which is to generate greater operational efficiencies, whilst striving to obtain new revenue streams from such initiatives as the monetisation of information. In practice, 22% of manufacturers are now either running a pilot or planning an IoT-related project, with well over a third ( up to 10% ) claiming to be investigating its potential for the future.