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The Impact of Connectedness on Competitiveness
A landmark BPI Network study exploring the impact of the Industrial Internet of Things (IIoT) on transforming business and industrial performance, delivering significant improvements in operational efficiency and uptime, and achieving growth from new business models, products, services and customer experiences.
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Thought Leadership
Programs Background
The Impact of Connectedness on Competitiveness
Creating Business Value From Operational Insight Driven by the Industrial IoT
The Impact of Connectedness on Competitiveness is a groundbreaking research initiative that seeks to understand the business value created by the Industrial Internet of Things. By engaging with manufacturers, plant operators, infrastructure managers, transportation providers and others, the initiative seeks to understand where these businesses are in adoption and planning for IIoT. It seeks to identify best practices and successes in building and using IIoT applications and benchmark the degree to which smart operational management is enabling new business models, reducing risk and maximizing uptime, safety, comfort, and output, as well as furthering efficiencies and cost reductions.
In a recent BPI Network Study, respondents felt that the Internet of Things, along with Big Data Analytics and Collaborative Design and Development Tools, would be the largest drivers of innovation within the enterprise over the next two years.
The goal of the initiative is to substantiate the premise that enterprise connectedness with and among strategic audiences can impact a company’s ability to compete more effectively and produce greater business value. Through qualitative and quantitative research led by the Business Performance Innovation (BPI) Network, Chief Marketing Officer (CMO) Council and Penton IoT Institute, this initiative seeks to gain insights into where and how connected systems, embedded sensors and real-time data streams are contributing to greater situational awareness, predictive troubleshooting, operational alignment, business continuity, supply chain performance, and industrial productivity. We will also determine how connectedness is impacting the incidence, timeliness and relevance of interactions among key stakeholders – customers, employees, channel, developers, suppliers, investors, opinion leaders, regulators, and others.
This initiative is led by the BPI Network and CMO Council in partnership with Penton, an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Collectively, the CMO Council and BPI Network reach over 200,000 decision makers and have affiliates and content syndication partners that reach some 75 million business buyers through 15,000 trade publishing sites, association channels, online communities and blogs.
For sponsorship opportunities, please contact Sally Lopez at slopez@bpinetwork.org.
The goal of the initiative is to substantiate the premise that enterprise connectedness with and among strategic audiences can impact a company’s ability to compete more effectively and produce greater business value. Through qualitative and quantitative research led by the Business Performance Innovation (BPI) Network, Chief Marketing Officer (CMO) Council and Penton IoT Institute, this initiative seeks to gain insights into where and how connected systems, embedded sensors and real-time data streams are contributing to greater situational awareness, predictive troubleshooting, operational alignment, business continuity, supply chain performance, and industrial productivity. We will also determine how connectedness is impacting the incidence, timeliness and relevance of interactions among key stakeholders – customers, employees, channel, developers, suppliers, investors, opinion leaders, regulators, and others.
This initiative is led by the BPI Network and CMO Council in partnership with Penton, an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Collectively, the CMO Council and BPI Network reach over 200,000 decision makers and have affiliates and content syndication partners that reach some 75 million business buyers through 15,000 trade publishing sites, association channels, online communities and blogs.
For sponsorship opportunities, please contact Sally Lopez at slopez@bpinetwork.org.
Reports
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Leaders
Ronny Fehling
Vice President & Head of Data Driven Technologies and Advanced Analytics CoC
Airbus Group
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Vice President & Head of Data Driven Technologies and Advanced Analytics CoC
Airbus Group
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Sayantani Dasgupta
Head of Commercial Strategy and Global Market Insights
Grünenthal Group
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Head of Commercial Strategy and Global Market Insights
Grünenthal Group
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Media Coverage
June 6, 2017 - Global Executives’ Perspective: Key Benefits of the Industrial Internet of Things Technologies
IIoT World, IIoT World
The Industrial Internet of Things (IIoT) is already changing how companies operate. In 2015, Control Engineering published an article about the benefits of IIoT, mentioning that Industrial IoT technologies used in monitoring valves in a refinery saved more than $3 million annually due to timely detection and repair of faulty valves. Read more »
June 6, 2017 - A New BPI Report: Only 1.5 % of Large Companies Have a Clear vision for IIoT
IIoT World, IIoT World
Many companies are unprepared for the Industrial Internet of Things (IIoT), according to a new study just released by the Business Performance Innovation (BPI) Network. The study also suggests that large-scale integrators and other channel partners will be among the biggest IIoT beneficiaries over the next several years. They will likely play a significant role in planning and implementation for many companies. Read more »
June 5, 2017 - Approximately 350 000 current cybersecurity openings in US and a big demand for IIoT specialists
Carol Rudinschi, IIoT World
A a report focused on IIoT published by the BPI Network, highlights perspectives from 350 global IoT leaders, as well as detailed insights from 15 leading executives across industries most greatly impacted by the Industrial IoT revolution, including aerospace, agriculture, manufacturing, transportation and automotive, and construction. Read more »
May 22, 2017 - What Companies Seek From the Industrial IoT
Dennis McCafferty, CIO Insight
A clear majority of organizations have a growing or high interest in the industrial internet of things (IIoT), according to a recent survey from the Business Performance Innovation (BPI) Network. But there are lingering obstacles to full-scale, successful deployments, including existing skills gaps and a lack of adequate data integration capabilities. Read more »
May 12, 2017 - The impact of IoT on transformation
Yves Grandmontagne, IT Social
Undoubtedly, the vast majority of companies are interested in the Internet of Things (IoT). 90% of them claim to make it a strategic focus for their organization, but at the same time only 9% confirm that their industry has begun to adopt IoT, according to a report by BPI Network. Read more »
May 10, 2017 - Industrial IoT Market to Drift North of $900B by 2025
Pedro Hernandez, Datamation
A recent survey from the Business Performance Innovation (BPI) Network, CMO Council, Penton's IoT Institute and The Nerdery, revealed that although 55 percent of business executives believe the IIoT is gaining traction, very few have IIoT projects that are well underway. Read more »
May 5, 2017 - Companies Unprepared for Industrial Internet
Jonny Williamson, The Manufacturer
Executives realize that the Industrial Internet of Things (IIoT) represents significant business growth opportunities, yet their businesses are unprepared for it, according to recent research. Read more »
May 4, 2017 - Large Companies Lack Clear Vision on Industrial IoT
Kevin Townsend, Security Week
A report from the Business Performance Innovation (BPI) network indicate that 55% of all executives say IIoT is gaining adoption within their industries, including both pilots and larger-scale adoption. But only 1.5% of executives at large companies say they have a "clear vision with implementation well underway." Read more »
May 3, 2017 - Study: Companies "get" IoT but struggle to implement
Rob Spiegel, Plant Services
According to a study by Business Performance Innovation (BPI) Network , many companies are unprepared for the Industrial Internet of Things (IIoT). The study results also indicate that most executives at those companies realize that the future of their business depends on it. Read more »
May 2, 2017 - Microsoft Aims to Make It Easier for Businesses to Deploy IoT Solutions
Phil Goldstein, Biz Tech
There is enthusiasm for IoT, and especially for the Industrial IoT. However, many companies are not yet ready to take advantage of IIoT, according to a survey released last month by the Business Performance Innovation (BPI) Network. Read more »
May 2, 2017 - Study: IoT readiness remains challenge for many supply chains
Staff, Refrigerated and Frozen Foods
A majority of executives at large global companies expect the Industrial Internet of Things (IIoT) to significantly impact business performance and competitiveness over the next three years, according to a new study released by the Business Performance Innovation (BPI) Network. Read more »
April 27, 2017 - Execs bet on industrial IoT but firms lag in readiness
Enterprise Innovation editors, Enterprise Innovation
The Business Performance Innovation (BPI) Network's new study suggests many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it. Additionally, large-scale integrators and other channel partners will be among the biggest IIoT beneficiaries over the next several years. Read more »
April 25, 2017 - The Industrial Internet of Things Still More Promise Than Reality
GEORGE V. HULME, DevOps
According to a survey-based report released today by the BPI Network, there is broad consensus that the Industrial Internet of Things will provide significant value in the years ahead, but few organizations are ready to capitalize on the Industrial Internet of Things. Read more »
April 24, 2017 - Report: Execs know the benefits of IoT, but are failing to implement the tech
Jennifer McKevitt, Supply Chain Dive
Connected supply chains are the wave of the future, but widespread adoption of Industrial Internet of Things (IIoT) technology must first take place to build visibility, according to a joint study by The CMO Council, BPI Network, Penton, Nerdery and The IoT Institute. Read more »
April 24, 2017 - Microsoft IoT Central, new business support software
Zona Movilidad Staff, Zona Movilidad
A BPI Network study has shown the lack of preparation on the part of most companies when it comes to IoT, and while 52 percent of executives say that IoT will have a major impact on their industry in three years, only 1.5 percent of those at large companies admit that they are implementing tools to get you the performance you need. Read more »
April 21, 2017 - The Week In Review: IoT
Jeff Dorsch, Semiconductor Engineering
The Business Performance Innovation Network reports that a worldwide survey of about 350 executives and interviews with innovation leaders at large enterprises shows that many companies realize the importance of Industrial Internet of Things technology in their future, yet few are prepared to implement IIoT. Read more »
April 21, 2017 - Riding the IoT wave requires smart risk-taking
Carla Rudder, The Enterprisers Project
According to a recent survey from BPI Network Addresses Organizations are not doing enough to prepare for the Industrial Internet of Things (IIOT) and the skills gap from organizations are significant. Read more »
April 21, 2017 - Executives Encountering Industrial IoT Roadblocks
Pedro Hernandez, Datamation
The Business Performance Innovation Network recently surveyed 350 executives worldwide to examine the state of IIoT readiness in the corporate world. The results show that many businesses are still struggling to take that first step to highly automated, hyper-efficient workplaces. Read more »
April 21, 2017 - Companies 'Get' IoT But Struggle to Implement
Rob Spiegel, DesignNews
According to a study by Business Performance Innovation (BPI) Network, many companies are unprepared for the Industrial Internet of Things (IIoT). Yet the study results also indicate that most executives at those companies realize that the future of their business depends on it. Read more »
April 21, 2017 - Microsoft targets businesses with new IoT development offering
Colin Gibbs, FireceWireless
Microsoft launched an offering designed to help companies tap the internet of things, but many businesses aren’t ready for the era of ubiquitous connectivity. A Business Performance Innovation (BPI) Network study found that while 52 percent of executives at large companies expect the IIoT to have a “significant or major” impact on their industry within three years, only 1.5 percent of them said their companies “have a clear vision with implementation well underway.” Read more »
April 21, 2017 - Infographic: The Road to IIoT Transformation
Michael Alba, Engineering.com
The Business Performance Innovation (BPI) Network has released a new report on the Industrial Internet of Things (IIoT) detailing the results of the BPI Network’s survey on the IIoT initiatives of global business leaders in industries including aerospace, agriculture, automotive, manufacturing and construction. Read more »
April 21, 2017 - A Tale of Two IoT Initiatives: Industry 4.0 vs. the Rest of IoT
Carlos Gonzalez, Machine Design
Recent research conducted by the BPI Network and the CMO Council, in partnership with the IoT Institute and Nerdery, points out that the adoption rate of IoT is slow coming. Their recent study “The Impact of Connectedness on Competitiveness,” which surveyed several companies in the automation industry, found that while 90 percent say IoT is an important area of strategic focus, only 9 percent have begun widespread adoption. Read more »
April 20, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, ArnNet
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 20, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, TechWorld
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 20, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, ComputerWorld
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 20, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, Reseller News
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 20, 2017 - More research argues companies are lagging behind in Industrial IoT readiness
Staff, IoT News
Many organizations are still flat-footed when it comes to the Industrial Internet of Things (IIoT) – despite their executives realizing the future of their business depends on it, according to findings from a new report by the Business Performance Innovation Network, titled ‘The Impact of Connectedness on Competitiveness.’ Read more »
April 20, 2017 - Executives: We’re Not Ready for Industrial IoT Yet
Joe McKendrick, RT Insights
Lack of technical skills and analytics capabilities are seen as challenges to Industrial IoT projects although executives anticipate a range of benefits from their industrial IOT efforts. Read more »
April 20, 2017 - Only 1.5 percent of execs say their organisation has a clear IIoT vision
Sooraj Shah, Internet of Business
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, according to a new study by the Business Performance Innovation (BPI) Network. Read more »
April 20, 2017 - Only 1.5 percent of execs say their organisation has a clear IIoT vision
Sooraj Shah, Plant Services
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, according to a new study by the Business Performance Innovation (BPI) Network. Read more »
April 20, 2017 - Many Companies Lagging in Industrial IoT Readiness
Pratibha Nanduri, Read IT Quick
Many companies are unprepared for the Industrial Internet of Things (IIoT), despite the realization by most of their executives that the future of their business depends on it. This insight has been revealed by a new study just released by the Business Performance Innovation (BPI) Network. Read more »
April 20, 2017 - Many Companies Lagging in Industrial IOT (IIOT) Readiness
Staff, Data Center Journal
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a new study just released by the Business Performance Innovation (BPI) Network. Read more »
April 19, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, IDG
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 19, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, PC World
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 19, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, CIO
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 19, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, NetworkWorld
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 19, 2017 - Surveys show high hopes, deep concerns about IoT
Stephen Lawson, IT World
Industrial IoT's big future is starting to become a reality, but many companies still don't think they're ready for it. Most companies don't have what they need to succeed in IoT, with many saying they'll need new technical skills, data integration and analytics capabilities, or even a rethinking of their business model. Read more »
April 19, 2017 - Companies Lagging In Industrial IoT Readiness: Study
CXOtoday News Desk, CXO Today
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a new study released by the Business Performance Innovation (BPI) Network. Read more »
April 19, 2017 - Industrial IoT brings new requirements, challenges
Jim Fulcher, Supply Chain Expert
Although many companies are unprepared for the Industrial Internet of Things (IIoT), most executives at those companies realize that the future of their business depends on it, according to a new study from the Business Performance Innovation (BPI) Network. Read more »
April 19, 2017 - Why Many Companies Lag In Industrial IoT Readiness
Staff, iCrunch Data
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a study by the Business Performance Innovation (BPI) Network. Read more »
April 19, 2017 - Who is ready for the IIoT?
Staff, Smart Cities World
A study by the Business Performance Innovation (BPI) Network predicts smart embrace of operational connectedness will drive competitive advantage and category disruption. Read more »
April 19, 2017 - Businesses are not ready for the Internet of Industrial Objects
Yves Grandmontagne, IT Social
Most executives realize that the future of their business depends on the Industrial Internet of Things, however the majority of their companies are not ready, according to a new study by the Business Performance Innovation (BPI) Network. Read more »
April 19, 2017 - IoT Industrial, among the hopes and concern of the CIO
Elibeth Eduardo G., CIO Latin America
Many companies are unprepared for the Industrial Internet of Things (IIoT), even though most executives at those companies realize that the future of their business could depend on it, according to a new study. Read more »
April 19, 2017 - Survey: Global Enterprises Are Not Reay for IIoT
Ashley Smith, Channele2e
Most companies are unprepared for the Industrial Internet of Things (IIoT), even though they acknowledge the future of their business depends on it, according to a new report. Read more »
April 19, 2017 - [Study] Most companies are behind in adopting IIoT solutions
Arthur L, ObjetConnecte
Many companies are not prepared for Industrial Internet of Things (IIOT). Most executives are not aware that the future of their business depends on it, according to a recent study by BPI Network. Read more »
April 18, 2017 - IOT Readiness Remains a Challenge For Many Industrial Supply Chains
Patrick Burnson, Supply Chain Management Review
A new study predicts smart embrace of operational connectedness will drive competitive advantage and category disruption. Read more »
April 18, 2017 - New BPI Report Says Companies Lag in IIoT Readiness
Ken Briodagh, IoT Evolution
Many companies are unprepared for the Industrial Internet of Things (IIoT), according to a new study by the Business Performance Innovation (BPI) Network, though the study indicates that most executives at those companies realize that the future of their business depends on it. Read more »
April 18, 2017 - IoT Time Podcast
Ken Briodagh, IoT Evolution
Enterprises see the value of IoT in the industrial space, however the IIoT is lagging in adoption, according to a new study by the Business Performance Innovation (BPI) Network. Read more »
April 18, 2017 - Businesses are unprepared for the Industrial IoT
Ian Barker, Beta News
Many companies are unprepared for the Industrial Internet of Things (IIoT), even though most executives at those companies realize that the future of their business could depend on it. Read more »
April 18, 2017 - IIoT readiness in question, channel can take lead
Jessica Meek, ChannelNomics
Industrial Internet of Things (IIoT) readiness is in question, providing a need for channel partners, according to the latest research from the Business Performance Innovation (BPI) Network. Read more »
April 18, 2017 - Few firms have coherent plans for the Industrial Internet of Things, survey finds
Paul Gillin, Silicon Angle
Over half of executives at 350 industrial companies said they expect the Industrial Internet of Things to have a significant or major impact on their industry within three years, but barely 2 percent have a clear vision for adoption or large-scale implementations underway, according to a new study. Read more »
April 18, 2017 - Most businesses aren't ready for the Industrial IoT: report
Colin Gibbs, FierceWireless
Executives around the world are expecting big things from the industrial internet of things (IIoT), according to a report released today by the Business Performance Innovation (BPI) Network but most of them aren’t ready for it. Read more »
April 18, 2017 - IoT held back by skills gap, say a third of execs
Sooraj Shah, Internet of Business
A new study from the Business Performance Innovation (BPI) Network found that the majority of large global companies expected the Industrial Internet of Things (IIoT) to significantly impact business performance and competitiveness over the next three years, however executives warned that making the transformation would require new skills and management thinking. Read more »
April 18, 2017 - Report: Companies Are Lagging In Industrial IoT Readiness
Staff, IoT Do
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a new study just released by the Business Performance Innovation (BPI) Network. Read more »
April 18, 2017 - Businesses are unprepared for the Industrial IoT
Ian Barker, Tech News
Many companies are unprepared for the Industrial Internet of Things (IIoT), even though most executives at those companies realize that the future of their business could depend on it, according to a new study from the Business Performance Innovation Network. Read more »
April 18, 2017 - Many Companies Lagging In Industrial IoT Readiness
Staff, World News
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a new study just released by the Business Performance Innovation (BPI) Network. Read more »
April 18, 2017 - Many Companies Lagging In Industrial IoT Readiness
Staff, TMC Net
Many companies are unprepared for the Industrial Internet of Things (IIoT), but most executives at those companies realize that the future of their business depends on it, according to a new study just released by the Business Performance Innovation (BPI) Network. Read more »
April 18, 2017 - Businesses are unprepared for the Industrial IoT
Staff, Padtronics
Many companies are unprepared for the Industrial Internet of Things (IIoT), even though most executives at those companies realize that the future of their business could depend on it, according to a new study. Read more »
April 18, 2017 - IOT Readiness Remains a Challenge For Many Industrial Supply Chains
Staff, iChainnel
A majority of executives at large global companies expect the Industrial Internet of Things (IIoT) to significantly impact business performance and competitiveness over the next three years, according to a new study just released by the Business Performance Innovation (BPI) Network. Read more »
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Facts & Stats
General Electric predicts investment in the Industrial Internet of Things (IIoT) is expected to top $60 trillion during the next 15 years. (Source)
Bain predicts that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions. (Source)
McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR. (Source)
The global Intelligent Transportation Systems (ITS) market is poised to grow at CAGR of over 10% during 2015-2020. (Source)
With the rising usage of IoT, this is reportedly expected to increase by as much as eight times to over 260 Exabytes (260 billion Gigabytes) in 2018, generating the highest cloud data traffic growth in the world. (Source)
90% of respondents to a recent World Economic Forum survey admitted they don't fully understand the business models and long-term implications of the IIoT. (Source)
The number of cellular machine-to-machine (M2M) connections in industrial automation applications is predicted to grow at a CAR of 23.2%—from 2.5 million connections at the end of 2013 to 7.1 million connections by 2018. (Source)
The Industrial Controls and Factory Automation market is projected to reach $301.9 billion by 2020. (Source)
Research indicates that the use of IoT and M2M technology in industrial automation systems will increase by 25 percent over the next three years. (Source)
The top challenges in manufacturing span people, processes, and technology. (Source)
Still in the early adopter phase, 34% of companies are currently investing or planning on investing in IIoT technologies over the next year. (Source)
47% of manufacturing companies do not expect to invest in IoT technologies in the foreseeable future. (Source)
19% of manufacturing companies do not expect to invest in IoT technologies in the next 12 months (Source)
15% of manufacturing companies expect to start investing in IoT technologies in the next 12 months but are still establishing a budget. (Source)
9% of manufacturing companies have made significant investments in the IoT and expect it to increase in the future. (Source)
7% of manufacturing companies have established a budget for IoT technology investment in the next 12 months. (Source)
47% of the industrial market does not plan on investing in IoT in the foreseeable future and 44% of that market does not understand or know about the IoT. (Source)
21% of manufacturing companies have interest in IoT but are still investigating the impact. (Source)
16% of manufacturing companies understand/are aware of IoT but see no impact at this time. (Source)
Only 4% of manufacturing companies have customer demands are causing them to start to invest in IoT technologies (Source)
9% of manufacturing companies are rapidly pursuing IoT opportunities either for operations, for customers, or both. (Source)
6% of manufacturing companies see value to our operations and have started to invest in IoT technologies. (Source)
By 2030, the Industrial Internet of Things could be worth (US dollars) $7.1 trillion to the United States, $1.8 trillion to China, $700 billion to Germany, and $531 billion to the United Kingdom. (Source)
With IIoT-enhancing measures in place, China could see its cumulative GDP rise by US$1.8 trillion by 2030, raising its GDP in 2030 by 1.3 percent over trend projections. (Source)
73 percent of businesses have yet to make concrete progress with IIoT. Only 7 percent have developed a comprehensive strategy. (Source)
87 percent of business leaders believe that the IIoT will result in the net creation of jobs (Source)
According to a survey by Accenture and GE, 73 percent of companies are already investing more than 20 percent of their overall technology budget on big data analytics. (Source)
In a Accenture surveyed with more than 1,400 C-suite decision makers 84% believe their organizations have the capability to create new, service-based income streams from the IIoT. 73% confess that their companies have yet to make any concrete progress and 7% have developed a comprehensive strategy with investments to match. (Source)
In a Accenture survey of over 1,400 C-suite decision makers, 96% of CEOs and executives expressed that the senior leadership in their organizations grasp at least something of the nature of the IIoT. But 38% say their leaders have completely understood it. (Source)
Interoperability and security are identified as the greatest hurdles to progress by 2/3 of those companies actively pursuing IIoT initiatives, according to a survey by Accenture, the World Economic Forum and the Industrial Internet Consortium. (Source)
94% of executives believe that the increasing use of smart products and robotics will change the required skill and job mix in the workforce of the future. (Source)
IoE could enable manufacturers to generate $3.88 trillion of value through a combination of increased revenues and lower costs over the next 10 years (Source)
General Electric has predicted that the Industrial Internet could increase global GDP by $10 trillion to $15 trillion over the next 20 years (Source)
Gartner anticipates the market for Industrial Internent of Thing to be $309 billion with additional revenue for suppliers of connected devices and associated services by 2020. (Source)
For the IIoT market, Gartner has forecast $1.9 trillion in cost savings, improved productivity, and other factors associated with connected devices and services. (Source)
70% of manufacturing executives are focusing on plant-floor data initiatives to drive operational and business excellence, faster time to market, and immediate access to data from machines on the factory floor. (Source)
By 2025, the industrial automation sector will account for nearly three-fourths of all connected devices. (Source)
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Articles
June 1, 2017 - CEO Insights: Four major challenges in protecting ICS from cyber attacks
IIoT World
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June 1, 2017 - CEO Insights with Dr. Ulrich Lang: Customers are not aware yet of ICS security risks that IIoT Apps bring
IIoT World
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June 1, 2017 - CEO Insights: IIoT makes old equipment tell customers new things with the use of proper sensors
IIoT World
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June 1, 2017 - Top 20 Internet of Things Research Frontiers of the Leaders
IIoT World
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June 1, 2017 - 2017 – the “silence before the storm” when it comes to ICS breaches
IIoT World
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April 7, 2017 - The Evolving Effects of IoT: Data Center Demands & Opportunities
ECN
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March 23, 2017 - Forecasting Profitable Models For The Internet Of Things
Forbes
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March 21, 2017 - Putting IoT To Work
NetworkWorld
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December 6, 2016 - DHS Aims to use IoT, Analytics to Boost Smart City Resiliency
ZDNet
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December 2, 2016 - Sensor Industry to Grow to $162 Billion Thanks to IoT, Smart Cities and eHealth
TechRepublic
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November 28, 2016 - How Industrial IoT is Making Steel Production Smarter
CIO
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November 27, 2016 - Roundup Of Internet Of Things Forecasts And Market Estimates, 2016
Forbes
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September 23, 2016 - Global Cellular IoT Connections to Reach 1.2 Billion in 2021
RCR Wireless News
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August 8, 2016 - Global Intelligent Transportation Systems (ATMS, ATPS, ATIS) Market, 2020 - Increasing Implementation of Data Analytics - Research and Markets
PR Newswire
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August 3, 2016 - New Report: Intelligent Transportation System Market Research Report by Roadway, Application, and Geography Analysis to 2022
WhaTech
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August 1, 2016 - Smart Cities: 6 Essential Technologies
TechRepublic
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July 29, 2016 - Smart Cities: How India Can Show The Way
Business World
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July 29, 2016 - For IoT Developers, Upgrading to 4G Isn’t Just About Speed
Penton IoT
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July 27, 2016 - Canada’s New Thinking Must Focus on Technology, Talent and Trade
The Globe and Mail
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July 26, 2016 - Are You Ready for the Fourth Industrial Revolution?
CIO Insight
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July 13, 2016 - AT&T Launches Plug-and-Play IoT Starter Kit with Cisco Jasper
Penton IoT
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July 13, 2016 - IoT Transforming Alcohol, Cars and Moth Romance
Penton IoT
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July 12, 2016 - The IoT Is About to Shift into Ludicrous Mode
Penton IoT
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July 11, 2016 - IoT for Business Growth: How Innovative Companies Use IoT to Improve Customer Experiences
Jasper IoT
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July 7, 2016 - Are You an IoT Guru? If So, We Want to Hear from You
Penton IoT
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June 28, 2016 - Tesla and Toyota Among The Smartest and The Most Connected Companies
Tech Crunch
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June 2, 2016 - IoT Platforms Spawn New Revenue Streams
IoT Agenda
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June 2, 2016 - Sephora, Neiman Marcus Turn to In-Store Technology to Enhance the Retail Experience
BizTech Magazine
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May 22, 2016 - Will Utilities Drive IoT Security Market Growth?
Readwrite
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May 19, 2016 - Beacons Entering Industrial Service
EE Times
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May 5, 2016 - The Future of the Industrial Internet of Things
Wall Street Daily
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May 3, 2016 - The Internet of (Every)Things: Forcing CIOs to Think Differently
CIO
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April 25, 2016 - The Necessary Evil: Enterprise IoT Needs a New Middleware
CIO
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April 19, 2016 - Industrial IoT Needs Data Security
EE Times
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September 5, 2013 - The World's Top 50 Leadership and Management Thinkers
Forbes
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White Papers
Security and Privacy in the Age of IoT
The primary goal of the Internet of Things (IoT) is to provide better, more efficient experiences for consumers, citizens and businesses. With innovation comes an increased need for security. As the industrial sector steps into unknown territory of implementing enterprise level IoT solutions, there are opportunities to efficiently and effectively mitigate potential risks associated with the new technological capabilities. Security and privacy in the age of IoT are of utmost importance to industrial leaders, and IT specialists are responding with effective and actionable recommendations. Read more »
Pragmatic Approach to Big Data
The explosion of e-commerce, devices, wearables, web usage and mobile apps in the past decade led to exponential growth in the amount of data businesses collect. The sheer amount of data can be overwhelming: 2.5 quintillion bytes are created every day. To put this into perspective, 90 percent of all the data in the world was created in the last two years. Businesses often know they have “big data” but want help understanding what it means and how they can utilize it to improve their business. They’re often looking for a way forward; a pragmatic process for learning from big data that provides useful and actionable insights. Read more »
The Truth Behind Digital Transformation
Digital transformation has come to the forefront in recent business news, the increased exposure has caused its meaning to become convoluted and misrepresented. Contrary to common perception, digital transformation is not a one-and-done project; it is an ongoing, strategic, company-wide culture shift that lays the groundwork for growth and success. Digital transformation requires a unified and integrated approach — starting with alignment at the top — and a management approach that favors organization-wide goals over siloed departmental initiatives. It’s a team effort and it takes time. Read more »
Sponsor
The Nerdery
The Nerdery is a hivemind of software engineers, strategists, human-centered designers and problem solvers who push boundaries to create digital products, services and experiences that better people’s lives and drive business outcomes. Headquartered in Minneapolis with offices in Chicago, Kansas City and Phoenix, The Nerdery’s core services are mobile applications, web applications, websites, systems integration and digital consulting. Founded by three programming pioneers in 2003, The Nerdery has made Inc. Magazine’s list of fastest growing private companies for the past nine consecutive years. The Nerdery was built on the belief that passionate Nerds are the driving force behind business breakthroughs.
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The Nerdery is a hivemind of software engineers, strategists, human-centered designers and problem solvers who push boundaries to create digital products, services and experiences that better people’s lives and drive business outcomes. Headquartered in Minneapolis with offices in Chicago, Kansas City and Phoenix, The Nerdery’s core services are mobile applications, web applications, websites, systems integration and digital consulting. Founded by three programming pioneers in 2003, The Nerdery has made Inc. Magazine’s list of fastest growing private companies for the past nine consecutive years. The Nerdery was built on the belief that passionate Nerds are the driving force behind business breakthroughs.
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Partner
CMO Council
The Chief Marketing Officer (CMO) Council is dedicated to high-level knowledge exchange,thought leadership and personal relationship building among senior corporate marketingleaders and brand decision-makers across a wide-range of global industries. The CMOCouncil’s 16,000+ members control more than $1 trillion in aggregated annual marketingexpenditures and run complex, distributed marketing and sales operations worldwide. Intotal, the CMO Council and its strategic interest communities include over 65,000 globalmarketing and sales executives in over 110 countries covering multiple industries, segmentsand markets. Regional chapters and advisory boards are active in the Americas, Europe,Asia Pacific, Middle East and Africa. The Council’s strategic interest groups include theCustomer Experience Board, Digital Marketing Performance Center, Brand InspirationCenter, Marketing Supply Chain Institute, GeoBranding Center, and the Coalition to Leverageand Optimize Sales Effectiveness (CLOSE). To learn more, visit www.cmocouncil.org.
Visit website »
The Chief Marketing Officer (CMO) Council is dedicated to high-level knowledge exchange,thought leadership and personal relationship building among senior corporate marketingleaders and brand decision-makers across a wide-range of global industries. The CMOCouncil’s 16,000+ members control more than $1 trillion in aggregated annual marketingexpenditures and run complex, distributed marketing and sales operations worldwide. Intotal, the CMO Council and its strategic interest communities include over 65,000 globalmarketing and sales executives in over 110 countries covering multiple industries, segmentsand markets. Regional chapters and advisory boards are active in the Americas, Europe,Asia Pacific, Middle East and Africa. The Council’s strategic interest groups include theCustomer Experience Board, Digital Marketing Performance Center, Brand InspirationCenter, Marketing Supply Chain Institute, GeoBranding Center, and the Coalition to Leverageand Optimize Sales Effectiveness (CLOSE). To learn more, visit www.cmocouncil.org.
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Blogs
IIoT World™ IIoT World™ is the first Global Digital Publication dedicated 100% to Connected Industry, Industrial Internet of Things, Industry 4.0. Our associates are handpicked with one characteristic in mind: digital transformation DNA and draw from the insights, hands on experience of the world’s best newsrooms & industrial enterprises to deliver content and coverage across a wide range of industry categories. IIoT World™, a minority owned business, was started in 2016 by Carolina Rudinschi, PhD & Lucian Fogoros. Visit blog »
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Books
Precision: Principles, Practices and Solutions for the Internet of Things
Dr. Timothy Chou has created Precision to introduce us to the basics of the Internet of Things (IoT) for the enterprise. The first part Precision: Principles and Practices introduces a vendorneutral, acronymfree framework. Dr. Chou then discusses the framework's fundamental principles and these principles put into practice. The second part Precision: Solutions puts Dr. Chou's IoT framework into practice highlighting 12 real world solutions for manufacturers who are building precision machines and companies utilizing these machines to receive precision enhanced business outcomes.
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Building the Internet of Things: Implement New Business Models, Disrupt Competitors, Transform Your
Building Internet of Things provides front-line business decision makers with a practical handbook for capitalizing on this latest transformation. Focusing on the business implications of Internet of Things (IoT), this book describes the sheer impact, spread, and opportunities arising every day, and how business leaders can implement IoT today to realize tangible business advantages. The discussion delves into IoT from a business, strategy and organizational standpoint, and includes use-cases that illustrate the ripple effect that this latest disruption brings; you'll learn how to fashion a viable IoT plan that works with your organization's strategy and direction, and how to implement that strategy successfully by integrating IoT into your organization tomorrow.
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Winning the Digital Gamble: 5 Disruption Levers to Jump Start Your Enterprises' Relevancy
The Fourth Industrial Revolution represents brand new opportunities for enterprises to imagine ways in which technology embedded in new products or services permeates society and drastically improves business outcomes. In this book, we introduce the concept of “Smart Services” led digital disruption. Smart Services are built around Internet of Things and the enterprise ability to interpret data. The challenging part is knowing where to start, how to execute, and being able to prioritize and gain consensus within your organization for a successful digital transformation. In today’s digital economy the market is a lot less forgiving because of the speed at which change is happening, and the speed at which consumers expect more. As a result, digital transformations are a lot more complicated and the stakes are much higher…this is the digital gamble.
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