By Terri Hiskey-Oracle on Jan 19, 2016
We are truly living in a fascinating time where things once only dreamed about in science fiction are becoming reality: driverless cars, appliances that text you when they need servicing, home security technology that allows you to track your children’s movements from your smartphone, and home healthcare wearable technology that can alert you if your elderly loved one falls.
These are just a few of the hundreds of ways consumers are taking advantage of this new technology landscape brought to you by the Internet of Things (IoT), which enables the automated transmission of information over a network without need for human intervention. Just as the consumer world is changing at light speed with the adoption of IoT technology, the manufacturing world also is in the midst of an IoT revolution. IoT is enabling manufacturers to gain competitive advantage and lay a foundation for the factory of the future with smart connected operations, smart connected assets and the smart connected enterprise. These initiatives to modernize manufacturing plants and facilities will have a huge impact on workers and organizations.
Leading global manufacturers across various industry verticals are putting together strategies that leverage IoT technology to modernize their processes and organizations. Analyst firm LNS Research sees four main areas for manufacturers to consider when developing their IoT strategy: connectivity, cloud, big data analytics and application development. In this recent article, "The Factory of the Future..." published by Supply and Demand Chain Executive, find out more about each of those areas individually and how they all work together to create a factory of the future. And let us know your thoughts on the Factory of the Future.