Why awareness, rather than affordability, is the biggest barrier to IoT adoption in manufacturing

In previous years, perceptions of IoT might have been that not only is it a complex venture, but also an expensive one.

Arguably, this viewpoint is somewhat outdated. The cost of computing, according to The Economist, is roughly a one hundred-millionth of what it was in the 1970s. The cost of sensors used for IoT, according to Goldman Sachs, have dropped from $1.30 to $0.60 between 2004 and 2014....

By Dr. Joanne Phoenix, 06 March 2020, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing, Smart Cities, Standards.