5 Key Considerations For A Successful IIoT Strategy
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The Industrial Internet of Things (IIoT) is more than just a buzzword. It is a subset of IoT that specifically focuses on the industrial sector. It’s a transformative set of technologies that are improving operational efficiency, productivity, and safety across multiple industries by enabling real-time monitoring and analysis of industrial systems, predictive maintenance, and autonomous operations, among others.
To leverage the full potential of connected devices, data, and advanced analytics, industrial and manufacturing companies need a clear IIoT strategy that can provide exponential benefits to the organization. But this isn’t an easy nut to crack.?
That’s why we asked HiveMQ, the creators of one of the most trusted MQTT platforms that powers solutions across industrial industries such as automotive, logistics, energy, smart manufacturing, transportation, and more, to provide us with insights and considerations for a successful IIoT strategy.?
Ravi Subramanyan ,? Director of Industry Solutions, Manufacturing, HiveMQ
"A McKinsey survey highlighted that over 40% of industrial manufacturers cite IT deficiencies as a major barrier to digital initiatives, revealing a disconnect between existing IT infrastructure and the needs of the Industrial Internet of Things (IIoT). As the Director of Industry Solutions and manufacturing at HiveMQ, I've observed the escalating pressure on our customers to innovate within the industrial automation and manufacturing sectors. This dynamic environment underscores the critical need for a robust IIoT strategy.
The journey towards digital transformation promises significant benefits that are essential to remain competitive, including the ability to find and act upon new insights and build more efficient processes. However, the path from concept to implementation is tough. The stark reality is that 80% of IoT projects struggle to scale, primarily due to the complexity of integration and support systems. Companies can combat these challenges by properly aligning their goals and metrics, along with careful planning across five crucial areas, such as having a data-centric approach, standardization & interoperability, security, reliability & scalability, and continuous improvement."
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Keep the conversation going! What strategic considerations do you think are key to success in IIoT? Let us know in the comments below.?
Curious about how you or your company’s experts can be featured? Reach out to me at [email protected] or connect with me on LinkedIn: Ryan Chacon.
See you next week!