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. https://www.canadianmetalworking.com/blog/start-building-your-digital-shop-now
blog article
START BUILDING YOUR DIGITAL SHOP NOW
A competitive market has complex challenges. If you’re not gathering, processing, and analyzing industrial data in the way your competition does, you may face even more challenges. Data creates an opportunity to innovate. To use it correctly, you need software. According to Accenture, by 2020. 60 per cent of global manufacturers will use data-tracked analytics from connected devices to analyze and optimize processes, and manufacturers will invest more than US$70 billion in industrial internet of things (IIoT) by 2020. At the same time, only 36 per cent of all leaders truly understand IoT, and only 7 per cent of them are able to implement it. The same report shows that being unable to implement IoT in factories creates a 50 per cent decrease in product development and about the same amount of spike in assembly costs. Sure, systems dedicated to tracking production progress in factories are nothing new, but IIoT provides far more intricate technology. BARTŁOMIEJ UNDAK READ MORE