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If you’re in manufacturing, you know what “a spanner in the works” means. It’s when a line grinds to a halt due to an unforeseen incident or a “spanner” (British English for “monkey wrench”), and you start losing money until the systems get back online. Today’s production facilities are under constant pressure to minimize spanners and increase production outputs – and that’s where the industrial internet of things (IIoT) is making a difference.
Industrial IoT technology is accelerating operations across manufacturing, making processes and devices smarter and improving the life of factory equipment. Analysts predict that IoT applications for manufacturing could create $3.7 trillion in value by 2025, increase productivity by 25% and reduce downtime by up to 50%.1 One area that's achieving new levels of efficiency, cost savings and sustainability in manufacturing is industrial IoT printers.