IDG Contributor Network: ROI linked to later stages of Industrial IoT
When most people think about the adoption of the IoT, they think about smart cities, autonomous vehicles, or the latest consumer tech and wearables. However, some of the most amazing technology applications are taking place within industrial verticals such as manufacturing, oil and gas (O&G), and transportation. Unfortunately, when asked about the state of IoT adoption within these markets, we’re often left relying on basic information about connected endpoints, instead of truly understanding how businesses are progressing through IoT maturity within the industrial field.
To help answer these questions (and get a bit more in the weeds on the topic) my company, Bsquare, recently conducted its first Annual Industrial IoT (IIoT) Maturity Study. We polled 300 respondents at companies with annual revenues in excess of $250 million. Participants were evenly divided among three industry groups (manufacturing, transportation and O&G) and titles covered a wide spectrum of senior-level personnel with operational responsibilities, most of whom had spent an average of six years in their organizations.