White Paper: Electronics & Computers
Annual IIoT Maturity Survey
A survey of senior-level, experienced Industrial Internet of Things (IIoT) decision-makers and influencers in the manufacturing, oil and gas (O&G), and transportation industries confirms that IIoT has progressed beyond hype to widespread use. Eighty six percent of participants in the Bsquare 2017 Annual IIoT Maturity Survey have adopted IIoT solutions and 84% believe their solutions are very or extremely effective.
Almost all respondents believe that the technology provides a significant or tremendous global impact on their industry and that setting clear business objectives prior to deployment, such as better managing devices, increasing production volume, or reducing operating costs, is an important driver of deployment maturity and return on investment (ROI). Fewer than 2% of respondents are not considering an implementation within the next 12 months.
The survey results validate that IIoT adoption is a maturity progression where companies realize increasing levels of benefit as they expand from basic machine connectivity to advanced approaches including analytics, automation, and edge computing. Current adopters overwhelmingly cite device health as the top business challenge they are addressing followed by logistics, operating cost reduction, and increasing production volume. In spite of high adoption rates, only 54% of all the devices deployed in the adopter organizations are IIoT technology-enabled, leaving ample opportunity for growth.
As organizations see the increasing benefits of implementing IIoT, 73% of adopters say their investment will increase in the next 12 months, with transportation and manufacturing leading O&G. As the result of this continued investment, respondents expect to see increases in achievement of business priorities such as automation and real-time monitoring over the next year.
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