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.
26
Mar 2019

5 Piliers d'une transformation réussie vers l'IA

French
29
Mar 2019

Make Better Decisions with Machine Monitoring

English
10
Apr 2019

L'industrie 4.0 et l'IIoT dans le processus de production laitière

French

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
11
Apr 2024

Votre guide en matière de contrôle statistique du processus (CSP)

En tant qu’entreprise manufacturière, il est essentiel de comprendre le contrôle statistique du processus pour survivre et prospérer dans l’environnement hyper-compétitif d’aujourd’hui.

French
10
Apr 2024

Définir la différence entre le temps de production et le temps de cycle

Le temps de cycle et le temps de production sont des indicateurs clés de la performance manufacturière. Découvrez ce que chacun signifie et comment les utiliser pour augmenter la productivité dans le cadre de votre processus de production.

French
13
Mar 2024

Moteurs d’efficacité manufacturière : Monitoring des machines et du TRG

Le monitoring des machines et du TRG (taux de rendement global) sont efficaces pour améliorer l'efficacité globale, mais quelle est la différence entre eux et qu'est-ce qui est le mieux adapté à vos opérations?

French