Following Scandals, Japanese Companies Look to IoT to Regain Trust
A number of recently revealed scandals have rocked the Japanese manufacturing industry, some having lasted decades. Suppliers of connected equipment see an opportunity to regain trust, as plugged-in machinery is highly transparent. Global spending on IoT sees regular forecasts of $800b or more this year and nearly $1.4t by 2021. If Japan modernizes, it could prompt industry suppliers to emphasize transparency and data-connectivity. Japan’s Fanuc is among the world’s leaders of robotics manufacturers expanding cloud software and IoT. Though the industry holds some interest in IoT, the real selling still requires manufacturers step up and give their pitch.