As investment in the Internet of Things rises, PMMI’s Tom Egan offers a closer look at the trend.
In highly regulated industries like the food sector, the Internet of Things (IoT) is bringing revolutionary change by connecting intelligent machines and advanced analytics in order to address growing concerns about compliance and efficiency. According to the 2016 Business Insider report, global manufacturers will invest $70 billion in IoT solutions in the year 2020 alone. This figure, compared to the $29 billion invested in 2015, is a clear indication that the IoT trend isn’t going anywhere anytime soon. In order to address the exponential increase of IoT and the benefits this technology provides, we sat down with Tom Egan, vice president, Industry Services at PMMI, The Association for Packaging and Processing Technologies to discuss how IoT is changing manufacturing.
In this issue of Packaging Strategies, we take a look at the packaging robotics industry, learn about some of the latest products to be featured at PACK EXPO LV, sustainability innovation, and much more!