IoT is the single biggest business priority for one in ten manufacturers across the world, results of a latest survey by Infor showed.
A poll among manufacturers across 12 different countries, including North America, UK, Germany, France, Italy, China and India revealed that the transition to IoT is well underway for global manufacturers.
According to the survey results, 10 percent of manufacturers claimed that they already have an established IoT project underway. At the same time, 22 percent either running a pilot or planning a project within the next 12 months. Meanwhile, 38 percent claim to be investigating its potential.
“Manufacturers, challenged by the constant need to improve productivity, see the competitive advantage available to them through exploiting IoT technologies,” comments Andrew Kinder, VP Industry & Solution Strategy at Infor.
Further, Infor said majority of the manufacturers view cost savings from greater operational efficiencies as the greatest opportunity associated with the IoT initiative.