This week, Andrew Hughes of LNS Research authored an interesting blog that included the chart below, which was produced as part of a "Metrics that Matter" survey. This survey is supported by industry group MESA, and is being executed by LNS Research. The interesting thing about this (as noted in Andrew's blog), is the fact that there is positive interest in implementing plant analytics as well as operations and manufacturing intelligence capabilities.
Hughes writes that "Analytics is the technology that most drives the Industrial Internet of Things (IIoT) because they will bring real applications with measurable benefit early. Manufacturing executives are looking for quick wins from their investments in new digital technologies and analytics is the field in which the easiest gains can be made. companies that are interested in Digital Transformation should be looking at plant level analytics and bring those together with the Big Data Analytics capabilities across the enterprise to demonstrate that the IoT will drive revolutionary change in manufacturing companies."
Has your organization started on the path to revolutionizing manufacturing with IoT? We'd love to hear about it in the comments section below!
Read our article: Industry 4.0 is Key to Modernize Business and Increase Competitiveness and download the Oracle-sponsored ”The Manufacturer” study about Industry 4.0 adoption.To learn more about Oracle Supply Chain Management Cloud applications, visit www.oracle.com/scm