IDC reported in May 2023 that digital transformation is essential for success and 73% of manufacturers are increasing their investment in it. In fact, top enterprises have already used IIoT-enabled technologies to create an extra $100 million in operating income per year on average.
But how do you decide whether to build an IIoT solution in-house or buy from a third-party? Discover how to identify the most scalable, timely and cost effective IIoT implementation path while avoiding common pitfalls by focusing on 3 key goal areas:
- Business: Discover how to identify the long-term vision and align IIoT strategy to strategic goals. As goals mature over time, the total cost of build ownership can become almost four times greater when compared to third-party adoption.
- Manufacturing: Learn how to identify challenges in the factory and define use cases. Working with solution providers that have a successful track record within your industry helps develop scalable uses cases with real-world applications.
- Technology: Understand how to map out necessary architecture & IoT solutions. In-house experts may have the skills for implementation, but may not as readily be able to support, maintain, and scale beyond initial goals, and given the ever-evolving threat of cyberattacks, IT and data security should be top concerns for any IIoT implementation.
Read the E-book to get more in-depth analysis.