Are You Ready for the Industrial Age of IoT?

By Dennis McCafferty  |  Posted 09-27-2016 Email

With only a minority of CIOs and other executives expressing much confidence in their company's ability to manage the scale and scope of data integration needs, the vast majority are looking to the industrial internet of things (IIoT) to help address the shortcomings, according to a recent survey from Bit Stew Systems. The resulting report, titled "CIOs Survey: IIoT Adoption - The Real Barriers and Opportunities Ahead,” defines IIoT as tech which leverages IoT "to track and manage real-time aspects of businesses and assets, from processes and equipment to predicting when a critical component will fail." (Meaning IIoT remains of interest to a broad range of organizations—representing multiple industries—as opposed to strictly manufacturing companies.) Through IIoT initiatives, businesses are looking to improve operational efficiencies while reducing costs. They also hope to create new revenue streams through new products and services. Having the right data management strategy in place to support these efforts, however, remains key. Without such a strategy, companies may miss out on making key business decisions due to a lack of rich data insights—and even create security issues due to a wealth of unmanaged data. More than 100 CIOs, CTOs, C-suite execs and other IT/business managers took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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