While U.S. manufacturers are eagerly exploring opportunities and uses for the Internet of Things, German manufacturers are already far ahead of the game. A recent survey indicates that major European manufacturers are integrating IoT at a rate of nearly double that of American companies, and it’s time for American businesses to step up their IoT game.
The Internet of Things (IoT) is triggering a paradigm shift in manufacturing, facilitating the collection of data that can be used not only to improve production processes and minimize delays, but also to allow companies to enhance the value proposition they offer their customers.
The world is heating up over the “Internet of Things,” and everyone—including manufacturing CEOs, politicians, engineers and technologists—is trying to figure out how to maximize it for their company or geographic region. The folks in Pittsburgh already may have developed one of the best, and their success may serve as a good role model for others.
In our information age, virtually every company generates huge amounts of data on a daily basis. In theory, we know that data can be collected, analyzed and crunched in real-time to deliver intelligence that companies can use to boost productivity, gain a competitive edge and expand their businesses. Many companies use smart, connected devices to do just that—increasing efficiency, boosting revenue and creating new business models. However, many more are not, Colin Masson, global industry director, manufacturing at Microsoft Business Solutions told CEOs gathered for a Chief Executive roundtable discussion held in partnership with Microsoft.
At the 2015 Smart Manufacturing Summit in Indianapolis, attendees participated in an exchange of ideas and best practices on Exploring the Internet of Things: Strategies for Connecting Your Facilities Today. Their ideas and experiences are shared here.
A survey of 300+ CEOs conducted in early May shows declining confidence in business conditions, even as economy reopens in many parts of the country and around the world. But there could be a silver lining.