Internet Of Things Is Revolutionizing The Manufacturing Industry

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TN Note: The Internet of Things is a disruptive technology that is changing the fabric of society. The companies mentioned in this article are mostly global corporations, which are the early adopters and beneficiaries. Social engineers will seek to use IoT technology to make society resemble a manufacturing facility where every facet is the process is micro-managed, which is the original dream of Technocrats in the 1930s.

The Internet of Things (IoT) is changing business models, increasing output, and automating processes across a number of industries. But no other sector has been more impacted by this technological revolution than manufacturing.

Manufacturers across all areas —automotive, chemical, durable goods, electronics, etc. — have invested heavily in IoT devices, and they’re already reaping the benefits. Manufacturers utilizing IoT solutions in 2014 saw an average 28.5% increase in revenues between 2013 and 2014, according to a TATA Consultancy Survey.

In this report, we examine the ways the IoT will impact the manufacturing sector. We include forecasts on device shipments, the investments made by manufacturers on IoT solutions, and we examine the return on investment that manufacturers are witnessing from their IoT solutions. Further, we look at the common IoT use cases in manufacturing, including asset tracking, control room consolidation, predictive maintenance, autonomous robots, augmented reality, and additive manufacturing.

Companies mentioned in this report include: PTC, IBM, Cisco, Microsoft, Zebra Technologies, PWC, TATA Consultancy Services, Fanuc, Stanley Black and Decker, General Motors, KUKA Systems Group, Lockheed Martin, Epson, and more.

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