The 5 Stages Of IIoT Initiatives
IIoT solutions provide powerful tools for efficiency, agility, and sustainability, enabling real-time data monitoring, predictive maintenance, supply chain optimization, and improved collaboration. The current landscape shows increased investments in IIoT by both large and small organizations, with notable early adopters successfully โcrossing the chasmโ and gaining more traction with the mainstream market. Microsoft, partnering with IoT Analytics, just released this week their ๐๐๐๐ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ข๐ ๐ง๐๐ฅ๐ฌ โ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐จ๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฉ๐จ๐ญ๐ฅ๐ข๐ ๐ก๐ญ report. In this report, statistics and best practices are presented for implementing Industrial IoT (IIoT) initiatives based on three approaches: custom-build, buy-and-integrate, and buy. Each approach is evaluated for its pros and cons. ๐๐จ๐ญ๐๐๐ฅ๐ ๐ญ๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐: โข ๐๐% of organizations are now executing an IoT strategy. โข IIoT projects today have a ๐๐% higher success rate than five years ago. โข Projects have a median break-even time of ๐๐ ๐ฆ๐จ๐ง๐ญ๐ก๐ฌ, compared to ๐๐ ๐ฆ๐จ๐ง๐ญ๐ก๐ฌ five years ago. โข Approximately two in five IIoT projects today are custom-BUILD solutions. โข The share of IIoT projects for which companies BUY an off-the-shelf solution increased from ๐% to ๐๐% in the past two years. โข Implementation challenges and budget restrictions have dropped by ๐๐% and ๐๐%, respectively, as key concerns compared to five years ago. ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://info.microsoft.com/ww-landing-digital-operations-signals-iiot.html ********************************************* โข Follow Jeff Winter of Hitachi Solutions America on LinkedIn to stay current on Industry 4.0 and other cool tech trends. For FREE helping sourcing and designing a custom IoT ecosystem solution for your organization simply ask at the link below. Covers network connectivity, sensor technology, data analytics, and network security. http://ds3-bandwidth.com/iot-connectivity
Labels: CIO, CTO, IIoT, Industrial IoT, Industry 4.0, Internet Of Things, IoT
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