Nutanix Xi IoT Solution for Machine Condition Monitoring
Nutanix Xi IoT Solution for Machine Condition Monitoring
8 Pages©2020 Nutanix, Inc. All Rights Reserved ACHIEVING MANUFACTURING EXCELLENCE AT YOUR FACTORY FLOOR With the global industrial Internet of Things (IIoT) market anticipated 1 to reach ~$110 B by 2025 with a CAGR of 7.4% annually, the need for industries to transform is further cemented. The number of IoT-connected devices is expected to reach 43 billion 2 by 2023, an almost threefold increase from 2018. This increase in adoption of IIoT is triggered by the integration of IoT devices with machines, required to reduce occurrences of downtime at a factory floor. Any unplanned downtime can cause hefty financial damages. Every hour of downtime for a company can cost $100,000 on average 3 , and this cost varies across different industries. For instance 4 , in the paper and pulp industry, ever
