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The global case for IIoT [ebook]:a journey into the future of manufacturing:strategic repositioning as manufacturers invest in advanced technologies to explore new revenue streams

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The objective of this Growth Insight is to identify and assess Industrial IoT (IIoT)-based technologies and its implication toward transforming the manufacturing sector. In the light of rapidly changing end-user requirement and economic uncertainty, manufacturers are required to revisit and formulate their business strategies that enable to enhance production efficiency and operational excellence and to identify new revenue streams. The rise of connectivity and convergence through IIoT offers immense growth potential for manufacturers by gaining visibility and control across their enterprise operations, which ultimately helps in integrating their value chain.

This study can be useful in understanding the central framework of IIoT and its incremental influence in shifting the global manufacturing strategy in the forthcoming years. In addition, it also explores potential applications and use cases of IIoT in the manufacturing sector as they shift from preventive to predictive maintenance, advanced manufacturing methods to customize products and end-to-end integration of production processes.


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