Unplanned downtime costs industrial manufacturers an estimated $50 billion each year, figuring in the cost of repairs as well as the loss of man-hours, raw materials and product. But now there’s a way to mitigate the risk of downtime –the Internet of Things at manufacturing….
Five years after the Industrial Internet of Things (IIoT) burst to corporate consciousness, much has been discussed and written about this powerful new era of linked, intelligent machines and apparatus. The world wide web has transformed how folks communicate, what they do and how they…
Connectivity among individuals, things, and businesses is increasing exponentially. Giving way for flexible connectivity and data exchange involving billions of assets and processes represents a tremendous opportunity for businesses. Old business models and processes are being rethought and new ones are emerging, including in the…