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purchasing, inventory, shipping, invoicing
and so on.
We see this when we look at their technology
investments. In a 2017 paper, Aberdeen Group
points to three technology trends driving
digital transformation for manufacturers: the
Internet of Things (IoT), advanced analytics
and cloud-based capabilities.
All three promote greater operational
flexibility and efficiency. Equally importantly,
they all promote better visibility of
operations enabling manufacturers to
achieve insights that they can translate into
smart decisions and action.
IoT-based smart devices are opening
new windows of visibility into
manufacturing processes
Because of this visibility, according to
Aberdeen Group, manufacturers are using
IoT devices to make more accurate, real-
time decisions.
The best in class are almost four times more
likely to detect the unexpected, making
them much more able to respond quickly
and effectively to unforeseen events and
their consequences.
Once IoT technologies such as sensors and
actuators are embedded into your products
or production equipment, you need to be
able to handle the flow of data: to capture
and store it, analyse it and act on it. This
fundamentally depends on the capabilities
of your core business systems.
What is IoT?
Internet of Things is a term used for the
growing worldwide network of ordinary
physical objects that now contain embedded
technology designed to:
• Sense their internal states or aspects of
the external environment
• Transmit the data collected
• Receive and act on data from other
connected devices
This direct integration of the physical and
digital worlds enables manufacturers to
streamline, simplify and improve their
operations and customer service. They can
automate many actions that used to be
manual because the devices collecting data
can now initiate specific processes when pre-
determined conditions appear. n
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