3 Critical Components for a Full Industrial IoT Solution

In Digital Transformation, Industry 4.0, innovation, IoT, manufacturing by Cressida MurrayLeave a Comment

As manufacturers have likely heard again and again, there are many benefits to implementing Industrial Internet of Things (IIoT) solutions. Though no two environments are the same, there are some key benefits that all manufacturers will appreciate: new revenue streams, cost savings, flexibility, and increased visibility, which enables better decision making. In rapidly changing markets, the IIoT allows companies to stay relevant, giving them data to guide decisions and make a business case for innovation, allowing them to put out products faster and at a lower cost. But many manufacturers are still hesitant to implement a full IoT Solution. Some are held back by budget concerns; more still are held back by fear of the unknown. It’s hard to know where to start. Technology changes so quickly that one can get overwhelmed and fear the risk of making the wrong decision. Most lack in-house knowledge and hiring a whole implementation team can be an expensive, risky, and time-consuming proposition.

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