Internet of Things
Bridge the Gap Between Physical and Digital World
Manufacturers need to fight against shrinking profit margins by producing high-quality products at low costs. They are working hard to equip their factories and supply chains with the latest technologies such as artificial intelligence (AI) and machine learning (ML).
The way we manufacture goods and manage supply chains has been forever altered. Industries are now adapting new ways to sustain and move forward with the digital disruption and advancements rather than to fall behind and become obsolete. The need for innovation and disruptive technologies is especially important in an economy where competition is not easily predicted due to the accelerated growth of new start-ups and emerging technologies. Industries need to manage change, complexity, scalability and gain a competitive edge as you drive your company's growth as you build new business opportunities.
IoT is exciting because of what it promises, but many people just don’t have the tools to apply this technology to their products right now. With several different options for collecting data, enterprises will need to get the right information out of these devices before they can get any valuable insights. To get high-quality results though, one has to spend time and money building the proper foundation for IoT applications in their organization.
When it comes to leveraging the best technologies, many companies often invest in products and solutions they have been using in past. There are several challenges associated with this approach as you need to make sure those applications allow you to use those obsolete technologies in a new way or at least simplify your task. You'll also come across some issues along the way if you're not fully equipped with an all-encompassing and integrated product and solution and that's what we're trying to solve with IoTSense.
The current IoT solutions sold by different vendors come with a higher price tag and the longer installation period associated with it, plus the fact that other factors such as scalability and interchangeability can create obstacles; however, there is a way to leverage your IoT investment into other areas that need attention and which could eventually save you considerable amounts of time and money.
This whitepaper explores the factors behind technology disruption in manufacturing and supply chain, and why customized solution implementation approach fails to serve the digitization promise. It explores strategies and practices to be followed across the industry for the digital transformation and ways to achieve sustainability and efficiency.
