By 2025, IDC estimates that there will be an enormous amount of IoT devices - over 41.6 billion to be exact.
These devices will potentially generate 79.4 zettabytes of data. Wow, that’s a lot of bytes!
How do businesses make use of what can seem to be endless, sprawling data and get clear insights? For manufacturers, this means having to gather, parse, and process a high volume of data. Although the benefits of having access to useful information for business analysis and planning are known, it’s just not that simple.
Thankfully, new capabilities enabled by IoT expansion work solve this problem. With the right tools, manufacturing companies can collect and compute information and be positioned for data driven decision making. And that’s not all. Edge to edge smart manufacturing can also help companies become more sustainable, efficient, and predictive. Some notable applications include waste prevention, safety monitoring, inventory tracking, asset maintenance and predictable demand analytics.
Imagine saving thousands of dollars by improving supply chain operations, significantly reducing greenhouse carbon emissions, or being able to run diagnostics to prepare for maintenance needs in the factory. Industrial connectivity is a new age opportunity that will take the supply chain to a whole new level. In years to come, we can expect knowledge to become the epicenter of business acceleration.
Helen Yu is a Global Top 20 thought leader in 10 categories, including digital transformation, artificial intelligence, cloud computing, cybersecurity, internet of things and marketing. She is a Board Director, Fortune 500 Advisor, WSJ Best Selling & Award Winning Author, Keynote Speaker, Top 50 Women in Tech and IBM Top 10 Global Thought Leader in Digital Transformation. She is also the Founder & CEO of Tigon Advisory, a CXO-as-a-Service growth accelerator, which multiplies growth opportunities from startups to large enterprises. Helen collaborated with prestigious organizations including Intel, VMware, Salesforce, Cisco, Qualcomm, AT&T, IBM, Microsoft and Vodafone. She is also the author of Ascend Your Start-Up.