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In the US, the Industrial Internet of Things (IIoT) hasn’t taken hold yet. 67 percent of manufacturers aren’t using the technology. But a survey by ABI Research found that 74 percent of companies are investigating and planning to deploy IoT within the next 12 months. Over that period, IIoT deployments are expected to double.
Ed Abbo, president and CTO of C3 IoT, said that “most manufacturers have no shortage of data… CEO-led mandates for digital transformation initiatives are driving the large and growing market opportunity for a new generation of enterprise software that leverages big data, AI, and IoT at industrial scale. If companies can’t get this right, they will be at a competitive disadvantage.”
Ryan Martin, Principal Analyst at ABI Research, said that “companies with industrial and manufacturing operations are looking to connect their HMI, SCADA, and control networks to higher level enterprise systems as well as the cloud. Exposing data to enterprise-level systems provides better support for analytics and the management of people, processes, and systems. The value of leaner systems, processes, and procedures is greater than the sum of its parts for players in industrial end markets. These are generally large organizations with a set of well-understood needs and slim margins, though the ability for IIoT technologies to serve as an infrastructure amplification engine is unbounded.”