What Companies Seek From the Industrial IoT

What Companies Seek From the Industrial IoT

The IIoT can provide more efficient operations, as well as better product and services differentiation. But obstacles may prevent full-scale deployment.

More than 60% of the global executives surveyed said the industrial internet of things (IIoT) represents a technology of growing or high interest and focus in their organization.

More than 40% said the IIoT will have either a significant or major impact on their industry over the next three years.

55% of the global executives surveyed said the IIoT is gaining adoption in their industry, including pilot projects and large-scale adoption.

47% believe the IIoT can make operations more efficient, while 36% said it can create product and services differentiation.

34% of the global executives surveyed think the IIoT can improve customer engagement and satisfaction, and 26% said it can increase productivity.

New products and services: 35%,
Customer touch points: 29%,
Manufacturing: 23%

Improved equipment uptime and performance: 37%,
Better operational intelligence: 27%,
Self-diagnosis and automation: 26%,
Operational efficiencies: 25%,
Reduced maintenance costs: 19%

61% of the survey respondents said their organization has a large or major skills gap in achieving operational connectedness with the IIoT and taking advantage of IIoT-generated data.

51% reported that their company will need new tech skills to successfully pursue IIoT adoption, while 41% said they will need better data integration and analytics capabilities.

Just 37% of the global executives surveyed rated as good or excellent their company’s ability to develop and deploy apps that utilize real-time insights and systems monitoring.