Solid state batteries providing long-term financial benefits to IIoT

It’s generally acknowledged that Industry 4.0 offers great opportunities for businesses to obtain and analyze data for use in predictive maintenance and improved efficiency. Companies are increasingly implementing IoT systems with the global spending on IIoT (Industrial IoT) platforms for manufacturing predicted to grow from $1.67Bn in 2018 to $12.44Bn in 2024. However, many companies are concerned about the investment cost of implementation – do the benefits outweigh these costs? Can companies expect a return on their investment? And if so when?

The predictive maintenance benefits of IIoT enable companies to reduce their operational costs, optimize energy management systems, improve efficiency, ensure safety and prevent costly downtime due to asset failure.

Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Ilika plc

More articles like this

Ilika plc

The evolving opportunity for Solid State Batteries

In the race to tackle climate change, the move from petrol and diesel to electric cars has meant huge investment in battery development. Whilst originally targeting automotive, this new battery technology isn’t limited to the EV market and

Ilika plc

How do solid state batteries power electric vehicles?

It’s now been 5 years since the Paris Agreement, where countries around the world agreed to work on reducing CO2 emissions in a response to the threat of climate change, yet new car CO2 emissions are the highest in Europe since