“We collect formatted data from those networks and use machine learning and pattern based insights to help change processes and business models. “Machines are now connected into their own ‘social networks’ like Facebook,” says Tanja Rueckert, EVP IoT and Digital Assets at SAP. But as manufacturing processes become more intelligent and more automated, end-to-end connection from the top floor to the shop floor is increasingly important. When it comes to the understanding the value of the Internet of Things (IoT), enterprises have two objectives: Create new revenue streams or improve efficiency.Ī classic example of a manufacturing company that re-imagined their business to drive growth with IoT technology is Kaeser, which no longer sells compressors, but compressed air along with service packages.
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