IoT is already delivery billion dollars of value. When we connect to production lines, machines and all the factory software that we able to manage and analyze the industrial data in a variety of productivity gains.this because we can guess machine downtime so, optimize maintenance schedules more efficiently we can get right facts to the right level to an organization.
IoT projects are not that much of cost but its an investment.
There are main challenges for manufacturers to affect a successful level of digital readiness.they are Cultural and technical:
1. In Cultural challenges, Digital transformation and readiness more widely, but many industrial companies are not produced to reorganize quickly. This friction placed between a digital culture where products and projects are implemented in fast, imperfection iterations. In industrial culture projects and products are implements slowly. An organization essential to get digitally ware and the people to get adapt and to accept increasing complexity also to accept to do different things.
2. In Technical challenges, because of value transformation happens, companies to have a clear vision in mind which avoids wasted resources, demonstrating fast is important, companies should move quickly to ope rationalize.