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Home > Schneider Electric > What’s the real value of IoT for manufacturers?

What’s the real value of IoT for manufacturers?

White Paper Published By: Schneider Electric
Schneider Electric
Published:  Apr 23, 2019
Type:  White Paper
Length:  12 pages

Internet of Things (IoT) is shifting from being a technology solution to being a key enabler of business digital transformation (DX). Among all markets, companies on a DX journey are leveraging IoT solutions to seize the strategic and transformational opportunities IoT integration offers:

  • IoT is a Digital Transformation catalyst in 49% of all DX projects in the manufacturing segment, for example — a close second behind embarking on a cloud transformation.
  • 23% of organizations see IoT as “transformational” by enabling a shift to new product or service areas, while generating additional revenues.
  • Investing strategically also means that stakeholders from across the company (such as operations, R&D, and marketing) must come together to ensure a common vision for the organization’s collective IoT vision.
  • For manufacturers with successful IoT deployments, for instance, more than 40% of IoT projects are funded upfront by the Line-of-Business, but IT is involved in the longer-term budget requirements.

This eBook looks at the top reasons to invest in IoT, and how to ensure manufacturers get the most out of their investments.

Tags : 
smart manufacturing, iot, digital