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The Internet of Things in Manufacturing

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Manufacturers that incorporate the Internet of things (IoT) into the manufacturing process can realize an array of benefits including improved production efficiency and higher utilization rates. According to the TCS Global Trend Study, manufacturing companies report an average increase in revenue of approximately 29% after incorporating IoT. The Internet of things is defined by the Oxford dictionary as “the interconnection via the internet of computing devices embedded in everyday objects, enabling them to send and receive data.” Under IoT, every part of a manufacturer’s plant is connected and able to communicate, which helps improve the process and efficiency of the manufacturing process. Additionally, it tracks and records data on every piece processed. With this data, management can reduce costs, increase performance, improve the customer experience, and gain insight about their manufacturing process.

Machines that are part of IoT are often equipped with machine learning technology. Machine learning technology finds patterns in data and figures out what the user wants based on previous queries and examples. Thanks to machine learning technology, useful reports will be more readily available for those manufacturers that incorporate IoT into their businesses.

For more information about how the Internet of things can improve your manufacturing process, contact a professional at Berntson Porter.