2017 IIoT for Engineers report: 8 key findings
Respondents to the 2017 IIoT for Engineers study identified eight key findings regarding familiarity and implementation of the Industrial Internet of Things; access full report
Respondents to the 2017 IIoT for Engineers study identified eight key findings regarding their familiarity and implementation of the IIoT framework and Industrie 4.0 platform:
- 93% of respondents and their clients are involved in the use of sensor, connectivity, analytic, or other digital technologies to support IIoT or other digital manufacturing initiatives.
- All respondents are familiar with the IIoT framework: 27% are very familiar and 73% are moderately familiar.
- Sensing technology, connectivity platforms, and data analytics are the top three technologies that engineering/IT staff and corporate entities/local executive management are interested in exploring or pursuing based on recent advances.
- Based on IIoT advances, 6 in 10 respondents expect productivity gains for wired or wireless networking, device bus, Fieldbus networks, I/O modules, etc. and HMIs, SCADA, historian, alarm management, and data acquisition systems.
- Respondents estimate an annual budget of $328,160 for their companies’ investment in IIoT and other areas associated with digital manufacturing.
- 3 in 5 respondents expect IIoT to benefit connections between people, data, and machines, as well as improving operations decision making/increasing agility.
- Companies are more often than not offering solutions equipped for in-service product data acquisition or to be “smart” products.
- Data security concerns are the biggest challenge when it comes to planning and executing IIoT projects.