The Internet of Things (IoT) was a phrase coined sometime in the late 1990s by an entrepreneur in the field of RFID and Supply Chain Management. Later, another ‘I’ was added to the acronym, making it the Industrial Internet of Things (IIoT) to separate the business use case from more consumer-oriented scenarios.
Whichever acronym your organization favors, we’re long past the days when early adopters of the IIoT could get projects approved without projecting clear benefits.
These days, clearing that last hurdle often requires you to demonstrate – in concrete, financial terms – what the IIoT can do for your business. In this paper, we’ll look at the correlation between Demand-Driven Manufacturing and the IIoT – and how this powerful combination will not only produce a quick ROI, but also provide enterprise-wide value for years to come.
Demand-Driven Manufacturing Provides the “Why” for Your IIoT Project.
To better understand the relationship between these two initiatives, let’s take a closer look at each of them.
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