The most essential feature of the IoT-enabled manufacturing business is the connected value chain. In order to make real-time decisions, manufacturing facilities must have integrated processes and materials to generate the necessary data. IoT applications enable various assets to continuously exchange data sets from both new and legacy systems, and provide updated data that reflects the current condition of the assets. Integration of data from different sources including operations, suppliers, and customers, enables a holistic view of entire upstream and downstream value chain processes that helps in maximizing productivity from available resources.