This is the estimated economic value of industrial IoT.
IoT is central to merging the digital and physical worlds. The industrial sector has the highest potential economic value, with an estimated impact of €1.4 to €3.3 trillion by 2030, according to McKinsey.
IoT enhances industry by enabling real-time data analysis and automation, leading to increased efficiency and productivity.
AI and machine learning optimize processes and predictive maintenance. These technologies enable large-scale data analysis, leading to valuable insights.
Digital twins in industry enhance efficiency by enabling real-time monitoring and advanced simulation capabilities.
