Published: 6 December 2023
Category: Technical articles
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Research highlights the competitive advantage of implementing IIoT at scale
Report on the adoption of IIoT technology highlights the digital transformation progress global industrial organizations have made
• While most have commenced their digitalization journey, many businesses stand to gain additional benefits by upgrading technology;
• 93 percent of organizations are already on their digitalization journey yet only 21 percent are mature and reaping true benefits
• 44 percent say environmental targets are very important for electrical systems management yet only 20 percent viewing sustainability targets as a driver of interest for IIoT implementation
• The top five barriers to adopting digital technologies; 42 percent cited concerns over cybersecurity, 41 percent named integration with existing assets, and 35 percent ranked internal skills expertise and evidence of business value or ROI as the reasons preventing them from adopting IIoT at scale
• Implementing IIoT at scale identified as a key driver for competitive advantage
ABB
Research highlights the competitive advantage of implementing IIoT at scale
Published: 6 December 2023 · Category: Technical articles
Report on the adoption of IIoT technology highlights the digital transformation progress global industrial organizations have made
• While most have commenced their digitalization journey, many businesses stand to gain additional benefits by upgrading technology;
• 93 percent of organizations are already on their digitalization journey yet only 21 percent are mature and reaping true benefits
• 44 percent say environmental targets are very important for electrical systems management yet only 20 percent viewing sustainability targets as a driver of interest for IIoT implementation
• The top five barriers to adopting digital technologies; 42 percent cited concerns over cybersecurity, 41 percent named integration with existing assets, and 35 percent ranked internal skills expertise and evidence of business value or ROI as the reasons preventing them from adopting IIoT at scale
• Implementing IIoT at scale identified as a key driver for competitive advantage
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— W H I T E PA P E R See the full potential of digital, faster Explore new windows of opportunity in our whitepaper Read the research S E E T H E F U L L P O T E N T I A L O F D I G T I A L , FA S T E R 2 — Contents Introduction 01 02 What does the IIoT journey look like? • Journey • Reasons • Functions • Implementation • Approach • Value Where is the untapped potential? • Fully exploit the value of IIoT • Focus on digitalizing electrical systems • Use IIoT to increase sustainability • Use IIoT to increase visibility • See safety as a necessity and an opportunity Top 5 takeaways 03 04 Barriers to digital adoption • How can we safeguard mission-critical data? • How do we future-proof integration? • How can we be sure IIoT will deliver ROI? • Where will we find the right skills? • Why change a system that’s already working? 05 06 See the full potential of IIoT 3 S E E T H E F U L L P O T E N T I A L O F D I G T I A L , FA S T E R — Bringing clarity to the IIoT landscape. Where should your focus be? The benefits of networking devices to gather data across industrial operations, using the Industrial Internet of Things (IIoT), have been widely discussed, acknowledged and adopted for some time; and most businesses and industrial plants are currently deploying IIoT in some form. However, to propel the journey forwards and achieve true digital transformation, it’s important to look at the challenges and opportunities which companies are facing on their journey. This paper will...
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