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%,
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.