Innovative Use Cases for the Adoption of Internet of Things in India Manufacturing
Product innovation, a top-ranking business priority today from boardrooms to the drawing boards, is not limited only to the design of new products in today's competitive environment. Innovation today does not stop with new and improved products, but can be extended across the entire life cycle of a product from the day it is conceptualized, designed, manufactured, installed, put into service, up to its end-of-life and safe disposal or remanufactured stage.
IoT is becoming a vital technology in this spectrum of innovation and has rapid adoption from multiple manufacturing organizations and service providers in India compared with other 3rd Platform technologies. "Innovative companies will realize the value of IoT and start including it in their technology and product road map. Companies that make it collaborative in nature, cutting across departments, and embed it as part of the product and not a technology implemented on its own, will realize the value it offers better and faster," says Ramachandran S, principal research manager, IDC Manufacturing Insights. Process research and development groups can be a way of forming such collaborative groups that do not limit their research to products or technologies in isolation but also include process and organizational transformation that enterprises need to undergo in order to adopt IoT.Please Note: Extended description available upon request.
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