3. IoT and Data-Driven Opportunity
"Smart manufacturing” will generate $371
billion in net global value over the next 4
years: by 1) creating value from data and 2)
streamlining design processes, factory
operations, and supply chain risks. (IDC,2014)
“[IoT] will increase manufacturing
productivity by 10-25%.” (ITIF, 2016)
6. A Risk-managed approach
In order to ensure that you get the
maximum benefit of IoT and Data-
Driven manufacturing within your
organisation and supply chain, a
managed approach is required.