The implementation of IoT technology in production systems offers significant opportunities for cost reduction and efficiency improvement. By connecting various devices, machinery, and equipment within the production floor, real-time data can be collected and analyzed to optimize operations. IoT sensors can monitor machine performance, detecting any anomalies or potential issues, allowing for proactive maintenance and minimizing unplanned downtime. This predictive maintenance approach not only reduces maintenance costs but also ensures optimal performance and extends the lifespan of production equipment. Furthermore, IoT-enabled production systems enable real-time monitoring of energy consumption, identifying areas of inefficiency and enabling targeted energy-saving measures. By optimizing energy usage, companies can achieve substantial cost savings while also contributing to their sustainability goals. The integration of IoT in production optimization drives continuous improvement by providing valuable insights, facilitating data-driven decision-making, and ultimately enhancing cost-effectiveness and operational efficiency.