The business value of industrial IoT platforms

December 12, 2023 - Research X223

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Nucleus interviewed 15 enterprises that migrated to a dedicated Industrial IoT (IIoT) platform. We found that IIoT platforms typically drive improved operational efficiency, reduced costs, and enhanced infrastructure security for organizations. Specific cited quantitative benefits include a 55 percent increase in equipment efficiency, $2.5 million in annual savings through a streamlined development process and reduced reliance on external services, a four percent reduction in annual energy costs, and reduced vulnerability to IIoT infrastructure security breaches.

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