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.
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. In practice, 22% of manufacturers are now either running a pilot or planning an IoT-related project, with well over a third (38%) claiming to be investigating its potential for the future.