A glimpse into the near future: By applying the transformative advantages of IoT operations, “smart factories” will bring vast changes and benefits to the price of goods, job types and locations and end-to-end supply chain responsiveness.
This insightful article by Monica Ricci, an Associate Researcher at MachNation is brought to you by IoT Business News. Here, Ricci, who is an IoT business model specialist, focuses on four categories of change targeted by IoT applications:
* Delivering automation and digitization of information
* Asset management and maintenance on the factory floor
* Plant management
* Increased customer satisfaction and competitive differentiation