Today's market leaders rightly believe that return on their investment (ROI) is multidimensional, determined by not just costs, but also measures of customer satisfaction and more. Companies are turning to the Internet of Things (IoT) to collect accurate data and convert it into actionable information to help add this extra dimensionality to ROI calculations.

IoT is creating new opportunities for companies to enhance their services, gain business insights from accurate and timely data, improve business processes and differentiate their offerings. This white paper describes the value of IoT for manufacturing and defines an ROI model for building a business case and tracking results related to IoT initiatives.