Surveying the industrial IoT surveys to see what matters – Stacey on IoT

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Surveying the industrial IoT surveys to see what matters

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The Honeywell survey, which was sent to Honeywell’s customers in six industries served by the conglomerate, was astonishing for the positive response it garnered around existing IoT investments.
Software AG’s survey was more focused on automotive manufacturing and heavy industry — in other words, the production of big machines as opposed to, say, oil and gas or mining.
Honeywell’s questions focused on whether the respondent’s company has adopted IoT and if so, where was it helping (or not).
It also asked if the respondent’s company would continue investing in IoT; roughly 93% of all participants said that they were “certain” or “strongly certain” that they would, although results varied by industry.
The Software AG survey covered what the automotive and heavy industry groups found important.
Riley says he was surprised that companies were not ranking optimized maintenance as their top priority for IoT given how much emphasis is placed on that particular use case.
Instead, more respondents were focused on optimizing all of their operations, suggesting that companies are getting more familiar with IoT deployments, and more sophisticated in their goals.
What both surveys underlined was the importance of bringing industrial IoT into the supply chain.
Honeywell’s survey asked respondents where IIoT technology would be helpful and 39% across all six industries said it could improve supply chain management, with 82% saying that existing investments in IIoT had already either strongly improved or somewhat improved their supply chain issues.
The Honeywell survey also singled out the supply chain as a problem area, with 70% of respondents saying they were experiencing supply chain issues either occasionally or frequently.
However, addressing supply chain problems as a primary reason to invest in IoT ranked fairly low on the Honeywell survey.
The Software AG survey offers some hints as to what will be needed to really expand industrial IoT uses to more users in more places

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