Sheetal Kumbhar: The Industrial Internet of Things: A boon for small and medium-sized manufacturers- Part 1

Nothing new, but certainly still worthy of emphasis: smaller manufacturers represent an essential and dynamic component of the U.S. manufacturing industry.  In 2015, according to the U.S. Census Bureau, about 98.5% (247,961) of the U.S. manufacturing firms had fewer than 500 employees (187,862 of those, or over 75% of the total, had fewer than 20!), and represented over 44% of the total manufacturing employment. In the same year, 96.4% of manufacturing exporters were small – and medium-sized companies that contributed 20.3% of the sector’s $798 billion (€675.33 billion) in exports.

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