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Research highlights the competitive advantage of implementing IIoT at scale
ABB

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

Published: 6 December 2023 Category: Technical articles