Industrial manufacturing is one of the core areas of the global economy. The continuous modernization of the manufacturing combined with advances in software technology, data analytics and network connectivity represents a new concept called smart manufacturing. While smart manufacturing is based on a variety of technologies, companies need to have a solid software foundation so they can enable the digital transformation of their business.
This report by Beecham Research with support from Revenera identifies the main benefits for companies adopting smart manufacturing and highlights the monetization opportunities. The report discusses:
- The landscape of Industrial Internet of Things (IIoT)
- Main technological components of smart manufacturing
- Practical ways to overcome challenges facing smart manufacturers
- New business and monetization models for Industrial IoT
