Internet of Things (IoT) in Discrete Parts Manufacturing Market Expected to Increase at CAGR of +26% by 2023 - Regional Analysis, Competitive Strategies, Future Prospects
IoT is considered as an extension of connectivity and automation, mostly in M2M communications. Under IoT, while the sensors are responsible for the generation of data, cyber-physical systems are meant to cooperate & communicate with each other and the humans in real-time. The requirement is to decentralize the decision making across the system and facilitate the cyber-physical system to take decisions on their own. At present, the discrete manufacturers are facing various challenges such as shorter innovation cycle, high resource...
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