Although the Industrial Internet of Things is regarded as a trillion dollar opportunity, recent studies from Cisco and the Boston Consulting Group indicate that company leaders are hesitant to invest in IIoT. This reluctance is supported by a lengthy history of problematic technology implementations, industrial incidents, and financial hardships.
- The ultimate goal of IIoT should be to have real-time production visibility, flexibility to adapt to needs/market changes and predict problems before they exist
- This requires an integrated connected enterprise: sensors, connectivity and cloud at the factory level as well as analytics platforms that can link market and business systems to production planning
- This presentation will outline the reasons new technology implementations fail and what you can do to avoid the pitfalls of hype that exist around IIoT