The IIoT can provide more efficient operations, as well as better product and services differentiation. But obstacles may prevent full-scale deployment.<\/b>
\nA 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, \u00a0\u00bb The Impact of Connectedness on Competitiveness, \u00a0\u00bb 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. \u00ab\u00a0While there is widespread recognition of the value and impact that these technologies and applications will deliver in the next few years alone\u2026 most companies are lagging in IoT readiness, \u00a0\u00bb according to the report. \u00ab\u00a0Business 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.\u00a0\u00bb More than 350 global executives took part in the research.<\/p>\n

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Sentiment rank: 1.6<\/div>\n

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