burger menu
State of the Industrial Internet of Things 2019

State of the Industrial Internet of Things 2019

    Add to bookmarks
SUMMARY

This report recommends enterprises use holistic Industrial Internet of Things (IIoT) solutions to achieve operational effectiveness.

IIoT is frequently used in heavy-industrial domains. Further, this digital transformation is also occurring in other manufacturing industries, including pharmaceuticals, food and beverage supply, and electronics facilities. The report finds that 89% of respondents in 2018 plan to integrate IIoT into production next year, which is 6 points higher than in 2017.

While IIoT platforms and services depend on industry needs, the success of an IIoT platform depends on effortless integration between various devices, and sector experts. This is increasingly necessary as manufacturers use different technologies during the manufacturing value chain. After successfully implementing smart manufacturing, manufactures gain end-to-end visibility across their manufacturing stack. However, operational intelligence can also positively impact other industries. Hospitals, oil, gas, and utilities services are adopting digital services, platforms and products to streamline operations. It is expected that IIoT will continue to be adopted in other high-value domains, such as airports, cities, and shipyards.

Operational effectiveness is achieved through multiple use cases, the majority being operational intelligence (31%), followed by asset monitoring and maintenance (19%), then predictive maintenance (12%). IIoT analytics serves as a preventative operation that alerts proper personnel before critical assets breakdown.

The report also notes benefits in industries where people are a focal point. Operators and technicians use IIoT to improve workforce productivity. The benefit of IIoT solutions is vast, which pushes the need for more holistic solutions that connect a company’s entire operational hierarchy. Ultimately, the IIoT solutions that succeed will have the ability to integrate the entire operational stack and value chain.   

The digital transformation is occurring across industries. In manufacturing sectors, this industrial revolution to Industry 4.0 means becoming faster and flexible.

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
State of the Industrial Internet of Things 2019
Region
Global
Published
March 15, 2019
Publisher
PTC
Author(s)
Joe Biron, Shawn Kelly, David Immerman, Jon Lang
Price
FREE
Language
ENGLISH

Content

Number of Pages
7
Number of Tables
0
Number of Exhibits
4
Topics
ai, cloud, iot, networks
Tags
AI, cloud adoption, Industrial IoT, industry 4.0, iot, iot adoption, machine learning, manufacturing, ptc, smart manufacturing
Companies mentioned
Parata, Woodward, Lavifood
Author(s)
Joe Biron, Shawn Kelly, David Immerman, Jon Lang
Methodology
The findings in this report were a result of primary and secondary research by PTC. Primary data was collected through interviews with ThingWorx customers. This primary data is supported by secondary research from analysts, research firms, and industry leaders.
EVALUATION

This brief report serves up digestible and practical design recommendations for Industry Internet of Things (IIoT) leaders and factory managers.

The company case studies illustrate IIoT usage clearly. Further, the wide data sample offers readers figures that do not distract from key insights. Due to the vast benefits of IIoT technologies, services and products, further studies on its impact will develop.

Positives

  • Diverse data samples
  • Concisely written

Similiar Reports

Smart Mobility

FREE

The 2019 State of IOT Report

FREE

The 5G Ecosystem

FREE