Why IoT Analytics Are a Manufacturer’s Most Important Tool

December 6, 2016 - Harvard Business Review
URL 7 Min

The increasing adoption of the Internet of Things (IoT) is presenting manufacturers with tremendous business opportunities. By using readily available computations of vast amounts of data, a manufacturer can leverage analytics to generate real-time insights to understand the needs of end consumers and product performance under a myriad of operating conditions. In turn, the automated analytics can apply those insights to a closed loop action on the same device, the network, or other connected devices. Additionally, the data from sensors and other sources can help drive contextual analytics and generate further monetization opportunities for cost-containment or revenue-generation initiatives for different stakeholders in the ecosystem.

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