Energy Management Makes Compelling Case for IoT in Manufacturing

Feb 21, 2018
The industrial sector is one of the next great frontiers for the IoT (Internet of Things). Already, in industrial sectors like manufacturing, agriculture, construction, and mining, IoT technology is changing the way businesses run on a fundamental level. Across sectors, global IoT spending is forecasted to reach $772.5 billion in 2018, according to IDC (Intl. Data Corp.), www.idc.com, and it is set to surpass the $1 trillion mark by 2020. In 2018, manufacturing is one of the industries expected to spend the most on IoT solutions at $189 billion, followed by sectors such as transportation ($85 billion) and utilities ($73 billion).

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