Articles Tagged with ''Internet of Things (IoT)''

“Remaining competitive” takes on many meanings, depending on your location in the world, but here are some thoughts on how American manufacturers can do it better today. By the time you finish reading this column, another entrepreneur will have figured out a way to make it happen for his or her company.  

Every day I talk to customers who want to get off paper. They spend an inordinate amount of operators’ time manually capturing data on paper, and then often double-down when they have someone transfer those paper check sheets into a digital spreadsheet. 

A friend of mine likes to quip that someday computers will make all our lives easier. He’s kidding (I think), but it seems to be a fact of modern life that every time we open our phones, tablets, or computers, or even check our watches, there are upgrades waiting to be installed for the apps we have, and new and improved apps on offer to replace those.

The industrial internet of things (IIoT) is moving from a future promise to real-world strategy as manufacturers seek to transform sensor data into actionable insights. In fact, research firm MarketsandMarkets predicts that the worldwide IIoT market will grow to $195.47 billion by 2022.

The Internet of Things (IoT) describes the growing trend in which a wide range of objects—sensors, switches, video cameras, tools, thermostats, lights, microphones, speakers, etc.—are given unique identifiers and the ability to communicate with each other over a network without requiring human intervention.