Internet of Things (IoT) is shifting from being a technology solution to being a key enabler of business digital transformation (DX). Among all markets, companies on a DX journey are leveraging IoT solutions to seize the strategic and transformational opportunities IoT integration offers:
IoT is a Digital Transformation catalyst in 49% of all DX projects in the manufacturing segment, for example — a close second behind embarking on a cloud transformation.
23% of organizations see IoT as “transformational” by enabling a shift to new product or service areas, while generating additional revenues.
Investing strategically also means that stakeholders from across the company (such as operations, R&D, and marketing) must come together to ensure a common vision for the organization’s collective IoT vision.
For manufacturers with successful IoT deployments, for instance, more than 40% of IoT projects are funded upfront by the Line-of-Business, but IT is involved in the longer-term budget requirements.
This eBook looks at the top reasons to invest in IoT, and how to ensure manufacturers get the most out of their investments.