The third in a series of blogs taking a closer look at Zebra's 2014 global study, commissioned by Forrester Consulting, on IoT implementation in the enterprise. The series will culminate in a Twitter chat discussing the Internet of Things.
The manufacturing industry is constantly looking for new ways to improve efficiency and streamline production processes. The Internet of Things (IoT) is poised to be the technology that will have most of the answers for the manufacturing industry in terms of innovation. IoT brings a digital voice to inanimate objects, which helps businesses track assets and the conditions of products.Last year, Zebra Technologies commissioned Forrester Research to conduct a global study on the Internet of things. Ninety seven percent of respondents agree that IoT is the technology initiative of the decade. And the manufacturing industry agrees. The survey found that, 83 percent of enterprises either have or plan to deploy IoT solutions within a year. Most companies expect IoT to provide operational and actionable data on location and condition, which will enhance supply chains operations and give businesses better visibility into their assets.
Locating, monitoring, and tracking asset condition and utilization are key IoT applications. Many survey respondents are deploying IoT applications to report the condition, location, and status of assets. These applications enhance asset utilization and reduce plant or factory space requirements. In fact, between 40% and 49% of surveyed firms have implemented or are expanding implementation of IoT applications for asset condition, utilization, location, and identification.
For example, in the manufacturing industry, industrial asset monitoring and tracking includes monitoring individual assets to ensure optimal performance and location monitoring. These applications can enhance factory processes such as fabrication, assembly, packaging, supply chain automation, and warehouse monitoring. Manufacturers can also locate equipment, prevent and detect theft, maintain real-time asset inventory, and optimize supply chain processes.
Businesses are looking forward to the collaboration that IoT can bring to their operations and how they can work closer and more efficiently with their customers and partners.
Download the Forrester study Zebra commissioned here.