Internet of Things - From Buzzword to Business Case
Internet of Things - From Buzzword to Business Case
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Date:
02 March 2020
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How to accurately calculate the ROI of IoT initiatives
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Industry 4.0 is closely associated with more automation (compared to the Third Industrial Revolution), bridging the physical and digital worlds enabled by IIoT, Big Data, IoT, cloud computing, cognitive computing and smart factories.
Investing in innovative Industry 4.0 technologies has many advantages. It boosts collaboration between departments, increases efficiency, fuels growth as well as trims costs. Real-time data and intelligence, predictive analytics and IoT machinery helps companies be proactive when it comes to solving and addressing potential supply chain management and maintenance issues. In addition, it makes it easy to optimise and manage all aspects of manufacturing processes and supply chain.
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