Connect your data to your decision making with IOT
Lowering the costs of production and operations, creating new revenue streams, and increasing customer satisfaction and loyalty are all paths to greater success and profit.
From the leaders’ point of view the project has to meet specific business needs that are critical. Bringing in evidence of competitor activity would highlight the urgency of competing effectively using IoT and show viability as evidenced by the competition.
IoT can have a positive impact on the culture, morale and overall operational performance of your business. Attaining bottom-up support can be challenging if employees perceive IoT to be a threat to their current job.
IoT spans across many departments of your business, breaking down silos by creating a cross-functional team to access data and insights make it compelling advantage.
It is critical to have a plan for data from the beginning and make interoperability – including centralization of information (in a single data lake), consistent interfaces between applications, standardized integration opportunities, and open standards – part of the selection criteria for IoT platforms.
Lowering the costs of production and operations, creating new revenue streams, and increasing customer satisfaction and loyalty are all paths to greater success and profit.
The Internet of Things (IoT) is more than the latest buzzword in technology. It’s a real game-changer that can create business value from previously hidden data, especially for manufacturers.
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