Challenged by the constant need to improve productivity, up to 10% of manufacturers across 12 different countries including USA, China 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 New York 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. The research, which polled manufacturers across 12 different countries, including North America, UK, Germany, France, Italy, China and India, also reveals that IoT is the single biggest business priority for one in ten manufacturers across the world right now, with 28 per cent putting it in their top three. According to the report, “Companies have been looking at ways to use the internet of things to increase productivity through increased data collection, more efficient processes or even automation.
Challenged by the constant need to improve productivity, up to 10% of manufacturers across 12 different countries including USA, China 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 New York 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. According to the report, “Companies have been looking at ways to use the internet of things to increase productivity through increased data collection, more efficient processes or even automation.