Chief among these technologies is the Internet of Things (IoT). By connecting devices and allowing them to communicate with one another, IoT is helping manufacturers optimize supply chains, lower maintenance costs and streamline workflows. In fact, by the end of 2019, there will be 14.2 billion internet-connected devices worldwide, according to research firm Gartner.
For manufacturers such as Parker Aerospace, the implications of IoT are game changing. For instance, by adding IoT capabilities to the company’s hydraulic pumps, Draskovich says Parker Aerospace’s engineers can identify when a pump is running at a higher temperature than normal—a telltale sign that “a component might be wearing out or heading toward failure.” As a result, he says, “we can proactively replace the part before it fails, allowing the airline to avoid a service disruption.”
https://www.forbes.com/sites/insights-klgates/2019/10/09/the-impact-of-iot-on-factory-floorsand-legal-strategy/#367b296f6211
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