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The Internet of Things (IoT) is being deployed by facilities across the world, who are using connected devices to improve the operation of their equipment and prevent catastrophic losses. In fact, 64 percent of manufacturers believe their facilities will be fully connected by the IIoT by 2022.
As IIoT adoption continues to grow, facilities who embrace the IIoT will improve equipment reliability, reduce machine downtime from catastrophic failures and optimize energy usage. The IoT is expected to create a new surge of factory productivity, creating value up to $3.7 trillion.
Below are three 2018 trends for facility operations from Saar Yoskovitz, CEO of Augury, an industrial IoT company that enables organizations to assess the health of machines. Saar is a seasoned expert in IIoT and with Augury’s technology is bringing its proprietary algorithms, smart sensing device and mobile diagnostics tool to companies like Grundfos, Trane and Johnson Controls connect their mechanical equipment to the IIoT.