Big Data Analytics / IIoT / ERP Software / MES

Study: Only 1.5 percent of execs say their organization has a clear IIoT vision

By Sooraj Shah, for Internet of Business

Apr 20, 2017

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Fewer than two percent of executives at large organizations say their companies have a clear vision of the Industrial Internet of Things (IIoT), with implementation well underway.

That is according to a new report by consultancy Business Performance Innovation (BPI) Network, working in partnership with The CMO Council, a network for senior marketing decision-makers, thought leadership organization Penton’s IoT Institute, and The Nerdery, a digital strategy, software engineering and design company.

The study, The Impact of Connectedness on Competitiveness, is based on a global survey of 350 executives from large enterprises including Airbus, Balfour Beatty, Philips Lighting, GE, Whirlpool and Hitachi.

It found that more than half (52 percent) of executives at large enterprises expect IIoT to have a "significant" or "major" impact on their industry within three years, with another third (32 percent) forecasting a ‘moderate’ impact in that timeframe.

Read the full story.