1 February, 2016
Making Internet of Things (IoT) Pay In Manufacturing
- 76% of manufacturers will increase their use of smart devices or embedded intelligence in manufacturing processes in the next two years.
- 63% of manufacturers have either implemented or are planning to integrate IoT technologies into their products.
- 58% of manufacturers say that improving product quality is the most important objective they are pursuing by incorporating smart devices or embedding intelligence.
- 44% of manufacturers say that their biggest obstacle in leveraging the IoT is their company’s limited knowledge of how the IoT can improve operations and products.
These and many other insights are from the MPI Group‘s Internet of Things Study (PDF, 10 pp., no opt-in). The study is based interviews with 350 manufacturers completed during August and September 2015 with Rockwell Automation, QAD, and BDO also sponsoring the research. Please see page 7 of the study for a description of the methodology and study participants. Despite the high level of interest and planning, only 10% of manufacturers have implemented an IoT strategy today.