How the Internet of Things Can Increase Productivity
Production downtime and factory productivity are closely correlated, as a factory can lose up to 20% of its productivity due to downtime.
The most common cause of production downtime is a malfunction or breakdown of equipment. However, it is possible to reduce equipment failure and keep downtime low with a predictive maintenance strategy that uses the Internet of Things (IoT), cloud computing and analytics.
Presented by Anil Bhaskar for Entrepreneur