A GRADUAL PATH OPENING UP HUGE POTENTIAL
65 type of application and the geographical location .
A GRADUAL PATH OPENING UP HUGE POTENTIAL
IoT has just arrived in the manufacturing sector but will remain and is expected to grow rapidly . McKinsey estimates that IoT applications in manufacturing could generate up to $ 3.7trn in economic value per year by 2025 , while IDC research predicts that by 2025 improvements in IoT application operations could be worth more than $ 470bn per year . The possibilities , as we see , are enormous . Manufacturers that can quickly adopt new digital technologies will be the ones that will gain the most value and become the leaders of their sector . The initiatives that can be implemented quickly are the simple and common sense IoT use cases .
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