The IIoT can provide more efficient operations, as well as better product and services differentiation. But obstacles may prevent full-scale deployment.
A clear majority of organizations have a growing or high interest in the industrial internet of things (IIoT) , according to a recent survey from the Business Performance Innovation (BPI) Network. The resulting report, » The Impact of Connectedness on Competitiveness, » indicates that these manufacturing-based companies are seeking more efficient operations from their IIoT investment, as well as better product and services differentiation, and improved customer engagement. But there are lingering obstacles to full-scale, successful deployments, including existing skills gaps and a lack of adequate data integration capabilities. « While there is widespread recognition of the value and impact that these technologies and applications will deliver in the next few years alone… most companies are lagging in IoT readiness, » according to the report. « Business leaders are concerned that their organizations are falling behind in the race to keep pace with IIoT. They lack critical competencies, are struggling to reimagine business in a connected world, and largely see themselves as very early in preparing for the changes ahead. These gaps in IoT readiness suggest that there is a significant distance between expectation and execution that must still be overcome. » More than 350 global executives took part in the research.
