Emerging Growth Avenues and New Business Models of IIoT in Small- and Medium-Scale Enterprises
Data communications and connectivity between devices encouraging adoption of IIoT
Research Overview
IIoT (Industrial Internet-of-Things), came into reality during the advent of Industry 4.0. The technology provided immense data communications and connectivity between all devices. The fourth industrial revolution changed the whole manufacturing spectrum. The technology helped manufacturers to tremendously increase their efficiency and productivity. Small and medium?sized enterprises (SMEs) are faced with the challenge of adopting new technologies and manufacturing techniques due to the lack of technology knowledge, high implementation cost and uncertainty on return on investment. These hindrances have prevented SMEs from adopting any emerging technologies.
Smart devices, sensors and Industrial Internet of Things (IIoT) software solutions are the main fundamentals of achieving smart manufacturing and Industry 4.0. SMEs will have to start deploying these edge solutions for integrating and adoption of IIoT technology.The main reason for adoption of IIoT solutions is for driving growth through improved products, increasing manufacturing efficiency, providing high-standard customer services and focusing on planning more efficient factory operational management capabilities.
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.