Initial Industrial Internet projects target low-risk applications with a defined ROI.
2. Double Down on Efficiency
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Industrial companies can aim to gain further efficiency gains with connected technology.
3. Optimizing for Flexibility
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Many manufacturers are using Industrial Internet technology to enable flexible manufacturing to quickly and efficiently produce small lot sizes.
4. Digital Transformation
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IoT can be a tool to help drive a business based on data rather than physical products.
5. IoT-Fueled Innovation
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One of the central benefits of launching IoT is they lead to “unexpected insights,” as Richard Soley, Ph.D., the executive director of the Industrial Internet Consortium has explained.