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The issue with IoT has been that most manufacturing process companies actually see massive value and a lot of opportunities with the IoT adoption, but seemingly they seem to be also aware of the significant challenges and risks, IoT poses in terms of Data, Security and above all, Return on Investments.
Implementation comes at a cost, and seemingly so, one of the dominant factors towards positioning IoT to businesses, could be in the area of Monetization of IoT.
Monetizing IoT can create a significant impact to making the thought leadership in manufacturing to look at a faster transition to being data driven, overcoming the huddles of the infrastructure investment woes.
Some avenues to look at would be:
Creation of Platforms, where data could be quickly aggregated, analyzed and churned with quick actionable outcomes, would form the crux of the new-age manufacturing definition. It can lead to a creation of a pool of:
Some considerations to look at leading this change would be governed by:
Questions to begin with then for faster adoption, you ask? Start with asking:
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