As a central pillar of the UK economy, the manufacturing industry relies upon technological innovation to remain competitive in the global market. The introduction of the IoT, in particular, has propelled industry growth by making production processes more efficient, reducing operating costs and machine downtime and encouraging innovation and investment in the industry. What does IoT mean to manufacturers? For manufacturers, the biggest source of value in the IoT is in the vast amounts of data to be collected and analysed by IoT devices. What drives process improvement and cost reduction is the ability to analyse and utilise the collected data intelligently. Such data can automate decision-making, making it faster than humans could ever achieve.
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