Unlike the consumer sector, manufacturers have been using IoT for years. Properly focused IoT capabilities have driven huge change and ROI in manufacturing across a range of operational applications. However, in many instances, it has become a self-perpetuating data gathering exercise with no real focus. IoT is not an end in itself and needs to have clear business goal and ROI.
The World is going through the Digital Revolution. What does it practically mean? Well, it basically means that there is a race towards delivering a new digitally driven customer experience (Online, Mobile, Omni channels) and delivering efficiencies in digitally driven processes (3D Printing alone is a significant disruptor to the way hardware products are designed and distributed).