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IMI
Industry & manufacturing / Engineering and Manufacturing
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web1. High Cost: Implementing IMI systems typically require high upfront costs for installation. This cost can be much higher than that of traditional systems, which can be a burden to businesses with tight budgets.
2. Data Breaches: The use of connected devices can increase the risk of cybersecurity threats and data breaches. Security measures should be taken to protect any sensitive data stored within the system.
3. Change Management: Introducing IMI systems can be a challenging process and can require extensive user training and adoption. This time consuming process can lead to additional costs for businesses.
4. System Complexity: IMI systems can be complex and difficult to manage, as multiple connected devices may need to be monitored or corrected.
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