IIoT Gaining Momentum in Adoption and Results
The IIoT Is Here, and It’s Useful
Industry is excited about the IIoT. IndustryWeek reports that a study by Accenture of 1,400 businesses leaders found that 84 percent are confident new revenue streams can be created using IIoT tools. IIoT-enabled manufacturing devices will swell from 237 million two years ago to 923 million by 2020, when $267 billion will be spent by these companies on the IIoT.
The story points to some useful roles for all this spending, including real-time production adjustments, more accurate demand forecasts, just-in-time (JIT) deliveries, rush order reduction (through better systems and data), seamless change orders, and higher quality through manufacturing executive systems (MES).