How IoT helps companies take advantage of new revenue streams
In a recent interview with DXJournal.co, Goodness talked about how the combination of IoT and manufacturing is helping manufacturing companies transform their processes and take advantage of new revenue streams. DXJ: What are three digital transformation trends you’ve seen in manufacturing?
EG: The three digital trends that we’re seeing in manufacturing [include]: -Looking at applying IoT to operations to drive out inefficiencies and to improve asset performance -Applying IoT to the supply chain, again, to drive out cost inefficiencies and to gain more visibility there -the biggest trend, without a doubt, and where most of the revenue that we’re seeing being spent — rather than languishing in cycles of indecision — is the creation of connected products.