26 Jul
2018

10 Charts to Challenge Your Perspective of IoT's Growth in Food & Bev Manufacturing

Not only do these 10 charts show how connected and networked industries are becoming, but they also show how interrelated they are. Food and beverage manufacturing technology, monitoring, and IIoT are part of this landscape.

Food Manufacturing IIoT
Industry 4.0
Machine Monitoring
Smart Factory
IIoT
10 Charts to Challenge Your Perspective of IoT's Growth in Food & Bev Manufacturing

If you think the IoT movement is constrained to a few areas of advancement in the tech world, the infographics in "10 Charts That Will Challenge Your Perspective Of IoT's Growth," in Forbes Magazine just might convince you otherwise. They show the breadth with which IoT is impacting all areas of world industries, healthcare and cities. Not only do the charts and their sources show how connected and networked industries are becoming, but they also show how interrelated they are. Food and beverage manufacturing technology, monitoring, and IIoT are part of this landscape.

Of particular interest from the article by Louis Columbus are two charts on the Industrial Internet of Things (IIoT.)


Food manufacturing technology + IIoT = Digital industrial transformation

Columbus quotes findings buy GE, which state that the, "Industrial Internet of Things (IIoT) applications are relied on by 64% power and energy (utilities) companies to succeed with their digital transformation initiatives. When food and beverage factories advance via monitoring, IIoT and other smart factory practices, they will contribute to the ecosystem GE illustrates in the infographic below.

 

GE-digital-industrial-tranformation-iiot-Food-Manufacturing

Source: GE Digital Industrial Evolution Index Executive Summary, October 2017 (PDF, 67 pp., no opt-in).

 

 

 

Monitoring + IIoT = Market impact

According to one source, "The Industrial Internet of Things (IIoT) market is predicted to reach $123B in 2021, attaining a CAGR of 7.3% through 2020. Accenture forecasts IIoT can add as much as $14.2T to the global economy by 2030. Source: The Industrial Internet of Things (IIoT): the business guide to Industrial IoT." Columbus writes about meeting the demand from this prediction and adds, "Realizing the Internet of Thing’s (IoT) potential to reduce costs and enable new business models needs to start with a platform perspective that includes app development and integration." 



Business-Guide-to-IIoT-Food-Manufacturing-Technology-Monitoring

Source: The Industrial Internet of Things (IIoT): The Business Guide to Industrial IoT.

Source + Read the complete article

 

 

 

 

 

 

 

 

Want to learn more?
Download the ebook
Related blog articles

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
21
Aug 2019

Le partenariat qui fait toute la différence !

French
18
Apr 2019

Industrie Agro-alimentaire: Les vraies opportunités résident dans l'intelligence artificielle

French
15
May 2019

Un nouveau regard sur l'industrie de la production alimentaire avec l'intelligence artificielle

French

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
28
Jun 2023

Investing in Industry 4.0: It’s now more important than ever for food & beverage manufacturers of all sizes

Faced with challenges that include labor and raw material shortages, tightened regulations ,and skyrocketing costs, companies like you are struggling to produce and price products to meet the demands of increasingly cost-conscious consumers and anxious stakeholders alike.

English
27
Jun 2023

Au-delà des chiffres : maximiser le retour sur investissement dans le secteur manufacturier grâce à l'analyse de données

L'intelligence des données provient de chiffres bruts. Ces informations doivent être analysées et traduites en actions ayant un impact sur l'entreprise. Mais avec des données qui s'accumulent plus vite qu'elles ne peuvent être transformées en analyses de données manufacturières, les entreprises ratent des opportunités.

French
27
Jun 2023

Going Beyond the Numbers: Maximizing ROI with Data Analytics in Manufacturing

Technology has given rise to data – reams of it. In fact, in today’s digital environment there is more data available to manufacturers than in all of history combined. Yet for many manufacturers big data is a big problem.

English