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Industrial IoT Payback Calculator

If you're looking to connect your operations to the Industrial IoT, chances are you may be struggling with finding ways to justify your investment.

Looking at potential cost savings with IIoT technology and calculating the payback period on your investment are two great ways to estimate the impact it will have on your business.

To help you think through your cost considerations, we’ve put together a Payback Calculator that compares your investment against some common areas of potential savings. The payback calculator can help you:

• Calculate your cost of downtime
  
• Estimate your annual savings with your IIoT investment
  
• Calculate the payback period on your IIoT investment
  

At the end of the day, in order to gain executive buy-in to move forward with your project, you'll want to have some cost figures in place that show the payback on your investment.