GE Digital has released a new research report to describe the current state of digital transformation with respect to the Industrial Internet of Things (IIoT), called the Digital Industrial Evolution Index. The Index is based on a survey of 250 IT and Operations decision makers in five industries throughout the US: manufacturing, aviation/aerospace, power/energy, transportation and utilities.
Let’s cut straight to the bottom line: the overall Industrial Evolution Index, averaged across all industries and sub-indexes, was a lukewarm 63 out of 100. Perhaps that doesn’t sound so bad, but consider it in comparison to the score for the Outlook sub-index, which reflects industrial opinion of the importance of IIoT transformation: 78.3.
Clearly there’s a bit of a mismatch between IIoT outlook and IIoT action. In fact, this mismatch is made even sharper by the score for the Company Readiness sub-index: 55.2. If you’ve been paying attention, you’ll notice that this is a trend we’ve seen time and again: many companies understand the potential of the IIoT, yet few have plans in place to realize that potential.