As a manufacturer, you want to drive efficiency improvements across your entire operation – innovation, design, sales, purchasing, production, distribution and service. The value contained within your data can help achieve all those objectives, and then some.
Workers are the biggest assets in the evolving manufacturing industry. Today’s employees expect contemporary work environments and to be managed differently than they were in the modern era of manufacturing that began in the 1920s, according to Gallup research. So, how can the industry create a modern manufacturing workplace in today’s digital age?
As more manufacturers invest in smart equipment and digital capabilities to maintain competitive advantage, digital twinning is gaining prominence in the industrial environment. In fact, it's one of the biggest technical trends: analysts predict that 85% of IoT-enabled platforms will feature digital twin functionality by 2022.
According to recent research, nearly three-quarters of European industrial companies (72%) will increase their Industrial Internet of Things (IIoT) investment over the coming three years. And for good reason, more than four in five (86%) of them believe it will deliver a Return on Investment (ROI) within 36 months.