According to a study by Business Performance Innovation (BPI) Network , many companies are unprepared for the Industrial Internet of Things (IIoT). Yet the study results also indicate that most executives at those companies realize that the future of their business depends on it.
The report, The Impact of Connectedness on Competitiveness, was developed by the BPI Network in partnership with the CMO Council , the IoT Institute , and The Nerdery.
The results make it clear that a majority of corporate executives are beginning to understand the importance of IoT connectedness. A hearty 52% of executives at large enterprises—and 41% of executives at all companies—expect IIoT to have a significant or major impact on their industry within three years. Some 55% of all executives say IIoT is gaining adoption within their industries, including both pilots and larger-scale adoption.
The study also suggests that large-scale integrators and other channel partners will be among the biggest IIoT beneficiaries over the next several years. They will likely play a significant role in planning and implementation at many companies due to major internal gaps in the technical skills and management know-how needed to deploy and integrate IoT into operations and new products.