4 Examples of IoT applications in Manufacturing

The introduction of loT technology is quickly changing the way organizations operate. More and more companies are turning to loT with the goal of optimizing production processes and increasing automation. The global loT market will grow from 51578 in 2016 to 54578 by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%. Discrete Manufacturing, Transportation and Logistics, and Utilities will lead all industries in loT spending by 2020, averaging 5408 each.