Smart, Connected Operations
The Internet of Things (IoT) is here, and it is growing. According to McKinsey, by 2025 more than a third of the IoT’s projected annual value of $6.2 trillion will be attributed to the global manufacturing industry. Operations leaders are tasked with improving performance and agility, reducing risk, and ensuring compliance. Smart, connected operations enable operational excellence by providing unified visibility across business activities.
How the IoT is Disrupting Operations
- The old adage “if it ain’t broke, don’t fix it” no longer applies to manufacturers seeking to maintain a competitive edge. Smart, connected operations minimize downtime through improved response times and reduced human error thanks to smart process automation and real-time responses.
- Operational performance improvements translate to measurable improvements to the bottom line. Investment in smart, connected operations is crucial to manufacturers seeking to maintain a competitive edge, as companies that successfully leverage the IoT to improve operational efficiency across their organizations will establish the new business standard by which all will be measured.
A Platform to Develop Smart, Connected Operations
The ThingWorx Foundation facilitates a new level of connectedness and intelligence for Smart Manufacturing, enabling factories, plants, supply chains and fleets to leverage the IoT to connect the assets they own with their operations and business systems.
ThingWorx helps organizations to:
- Increase efficiency
- Improve quality
- Reduce waste
- Increase flexibility and agility
- Improve asset uptime and performance