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How Automating Manufacturing Processes with IoT Enhances Production?

There is a paradigm shift in the way business is conducted as more and more organizations are deriving value from their data to make intelligent business decisions. This data-driven business environment is facilitated by the rise of Internet of Things. The manufacturing industry is one of the key benefactors of Internet of Things technology. According to consulting firm McKinsey & Company, factories and manufacturers will have an economic impact of $1.2 to $ 3.7 trillion per year.Internet of Things will increase the value of information in the manufacturing process. The informed manufacturing will have an automated, intelligent and streamlined manufacturing process. In the production line, advanced sensors, controls and software applications will collaborate to share real-time information.

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