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IoT devices can improve efficiency, but bad maintenance can result in opportunity costs.

Companies have been using Internet of Things (IoT) devices for a long time, from agricultural companies monitoring weather and crop conditions to industrial companies tracking the output and safety within manufacturing facilities.

In the manufacturing industry, using IoT devices is an easy way for companies to make processes more efficient. Tony Del Sesto, technical fellow at MxD, a Chicago-based public-private innovation center for advanced manufacturing, said IoT allows manufacturing companies to do better continuous improvements, a necessity for staying competitive in the industry.

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