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IoT in Manufacturing: What you Need to Know
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This story was originally published on HackerNoon at: https://hackernoon.com/iot-in-manufacturing-what-you-need-to-know.
Discover IoT applications in manufacturing and the challenges you could expect if you set your mind on giving your manufacturing facilities an IoT upgrade.
Check more stories related to futurism at: https://hackernoon.com/c/futurism. You can also check exclusive content about #iot, #internet-of-things, #iot-ecosystem-components, #iot-solutions, #software-architecture, #good-company, #optimization, #software-development, #hackernoon-es, and more.
This story was written by: @itrex. Learn more about this writer by checking @itrex's about page, and for more stories, please visit hackernoon.com.
A recent survey by McKinsey reveals that manufacturers who had managed to transition to Industry 4.0 prior to the pandemic felt better equipped to handle the crisis. McKinsey expects the industrial IoT sector to [reach $500 billion by 2025]. Cisco believes this industry will be among the largest beneficiaries of the Internet of Things in manufacturing, as the technology will make a whopping $3.9 trillion impact on this sector. The smart factory concept relies on other technologies, such as [artificial intelligence] (AI), computer vision, big data, and different types of automation.
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