Each new surprising application of a connected device—a car communicating with a traffic light anyone?—serves as a reminder that given investment and a potential market, nearly anything could become part of the Internet of Things (IoT).
To get a better picture of how—and why—manufacturers are pursuing IoT initiatives to spur new sources of revenue or lead to customer retention efforts, PwC and the Manufacturers Alliance for Productivity and Innovation (MAPI) surveyed US-based manufacturers.
For those looking to advance their position the IoT race, our findings inform five overarching recommendations manufacturers should consider.
PwC's dedicated professionals can help US industrial companies understand important developments and how they can impact their businesses. Learn more about how we can help your sector.