We live in a digital era – one in which data collection and sharing happens instantaneously across channels, creating enhanced efficiencies and providing faster results. The internet of things (IoT) is changing the workplace, and that includes how the manufacturing industry conducts business. IoT is the interconnectivity of how the digital world integrates and interacts with the physical world, and manufacturing is one of the sectors being affected the most. Intel predicts that by 2025, IoT technology’s global worth could be as much as $6.2 trillion USD, including a potential of $2.3 trillion USD from manufacturing.
With the increasing demands of e-commerce businesses, processing data and delivering output faster has become an imperative for manufacturers to stay competitive. The integration of IoT within plant facilities and their warehouses has helped plant professionals increase production, automate processes, and manage fleet maintenance more efficiently. However, as the impact of the IoT has grown, so, too, has the frequency of data breaches and cyberattacks. These issues are crippling to a business’s bottom line.
Issues with insecure networks and unauthorized information-sharing are serious problems for plant facilities, and the industry must adapt to address these business concerns.