What if there was a way to not only accelerate your Industrial IoT project’s time to revenue by 9 months, realize an ROI of 88% and achieve material cost savings in both developing and commercializing your Industrial IoT application? This is precisely the question Forrester explores in its recent Total Economic Impact (TEI) study.

In the course of the study, Forrester looked at multiple companies and conducted a rigorous cost-benefit analysis of their Industrial IoT projects. In its analysis, which spans over a three-year period, Forrester found that these companies stood to realize savings of 45% in solution development, 30% in device management and 75% in service evolution and management costs.