The challenges surrounding the Industrial Internet of Things (IIoT) evaluation and adoption are significant. Security, interoperability, connectivity and other issues have deterred many companies from making hard investments. As with any developmental technology, some business leaders are simply waiting for others to do the experiments (and incur the costs of mistakes) before making any investments themselves. In contrast, first movers are looking to gain valuable knowledge and a competitive advantage that could make it difficult for followers to catch up.
This research report -- initiated by IndustryWeek and Genpact Research Institute, with support from GE Digital and the Industrial Internet Consortium -- reviews manufacturers’ current perspectives and applications of IIoT technology as a key indicator of its immediate direction and potential.
Paper contributed by Genpact Research Institute.