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But as with any innovation, IoMT productdevelopment and innovation brings risks that need to be considered. In this article, we’ll discuss the growing and rapidly evolving IoMT market and how manufacturers can effectively manage three critical risks when prioritizing IoMT innovations. billion in 2028. Cybersecurity.
IDC predicts that by 2024 , half of the manufacturers will have networked linked product and asset digital twins into digital twin ecosystems for a systems-level view of their business and a 5% reduction in quality expenses. This reduces unplanned downtime and unnecessary scheduled maintenance and improves production processes.
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