In almost every sector, technological advancements are transforming business operations, and the manufacturing industry is no exception. One technology that is causing a significant impact on manufacturers is the Internet of Things (IoT). With IoT, devices and machinery can communicate with each other in real-time. For instance, if a piece of equipment experiences a problem, other devices on the network are notified, allowing for immediate adjustments. This can lead to decreased downtime, minimized waste, and reduced costs while maintaining high overall quality and output.
The accompanying resource outlines some of the other inventive ways the manufacturing industry is relying on these advancements.