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In an era of technology where things are changing in a rapid way, businesses are also keeping up the pace to get to first place.
In the present, the impact of the internet of things on business is huge. IoT has created the opportunity to drive business efficiently by connecting inert devices/sensors with the process and prospects to get valuable data over the internet.
Often MSMEs operating small-scale machine workshops struggle to map and prioritize their technology platform adoption needs, specifically, when they learn about broad concepts such as IT-OT integration, secure and seamless data extraction, and availability in cloud platforms for visualization and decision making. They get the concept but lack the analytical toolsets to quantify what it all means for them.
The perceived benefits through data visualization ( the “dashboarding” or “digital/virtual cockpit views”) and corresponding task-driven process automation involving connectors and middleware that promises to connect assets, machines, tooling, and sensors, should be quantified considering the on-field realities to justify funding.