A set of IoT applications can raise productivity in factory settings by using sensor data to redesign jobs and tasks. Equipping workers with badges and tags, companies can track activity and interactions to better understand how each function works.IoT-based inventory optimization can also reduce inventory costs in hospitals.
Introducing IoT into the factory environment in many cases will not require wholesale replacement of production equipment since many machines already in use have sensors or can be retrofitted with the needed electronics. This is in sharp contrast to earlier industrial waves, such as the introduction of steam, which required replacing more than 80 percent of installed production machinery.