• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • BlueBotics
    • SICK Sensor Intelligence
    • Vicor Power
iiot

Industrial sector ‘still in early stages’ of IoT, says report

November 10, 2017 by David Edwards

The industrial sector is “still in the early stages” of internet of things adoption, according to a new report, although it says the vast majority have made a start.

Bsquare’s 2017 Annual IIoT Maturity Study reveals 86 percent of industrial organizations have adopted IoT but “fewer than half” are using advanced analytics and only a quarter have taken steps to automate the application of insights

Bsquare is a provider of industrial IoT solutions, and its report explores the current IoT adoption progress of business buyers in the sectors of manufacturing, transportation, and oil and gas. 

According to the 2017 study, 86 percent of industrial organizations are currently adopting IoT solutions and 84 percent believe those solutions are very or extremely effective.

In addition, 95 percent believe that IoT has a significant or tremendous impact on their industry.

 

However, the study also shows that most IIoT investments are focused on connectivity (78 percent) and data visualization (83 percent).

In addition, only 48 percent are doing advanced analytics on that data and only a small number (28 percent) are automating the application of insights derived from analytics.

Kevin Walsh, vice president of marketing at Bsquare, says: “Our study shows that while industrial organizations have enthusiastically adopted IIoT, a majority have not yet moved to more advanced analytics-driven orchestration of data insights.

“These later stages of IIoT maturity – analytics, orchestration and true edge computing – tend to be where most of the return on investment is realized.

“This is especially important because, according to our study, the number one reason cited for IIoT adoption is cost reduction.”

Bsquare’s 2017 Annual IIoT Maturity Study was conducted in the US in August 2017, and reached more than 300 respondents at companies with annual revenues in excess of $250 million.

Participants were evenly divided among three industry groups – manufacturing, transportation, and oil and gas – and titles covered a wide spectrum of senior-level personnel with operational responsibilities, most of whom had spent an average of six years in their organizations.

Key highlights from the report include:

  • The vast majority (86 percent) of organizations are deploying IIoT solutions, led by construction / transportation (93 percent) and followed by oil and gas (89 percent) and manufacturing (77 percent).
  • Nearly two-thirds (73 percent) of all businesses plan to increase their IoT investments over the next 12 months, despite almost every respondent acknowledging that IoT deployments are complex.
  • Nine out of 10 decision-makers feel it is very or somewhat important for their organization to adopt IoT solutions. And 95 percent perceive IoT as having either a significant or tremendous impact on their industry at a global level.
  • Industrial organizations are using IoT most frequently for device connectivity and data forwarding (78 percent), real-time monitoring (56 percent), and advanced data analytics (48 percent). More mature uses of IoT, such as automation and enhanced on-board intelligence, are also prevalent in industrial settings.
  • More than 90 percent of IIoT adopters cite device-health as the primary reason for IoT adoption followed by logistics (67 percent), reducing operating costs (24 percent) and increasing production volume (18 percent).
  • More than half of organizations are using annual subscription models for their IIoT solutions, and 77 percent use a cloud-based model. Amazon and Microsoft were tied (14 percent) for the preferred cloud service provider.

The IoT Maturity Index outlines the stages commonly associated with Industrial IoT technology adoption.

Each phase typically builds on the previous one, allowing organizations to drive maximum value as they progress through the index.

The stages include:

  1. Device Connectivity – on-board logic to collect data and transmit to cloud databases;
  2. Data Monitoring – dashboard and visualization tools to monitor real-time data;
  3. Data Analytics – machine learning and complex analytics used to develop device models and insight;
  4. Automation – development and execution of logic rules that automate business activities and device configuration; and
  5. Edge Computing – distribution of analytics and orchestration to the device level.

Bsquare’s 2017 Annual IIoT Maturity Study can be downloaded here, and it includes some survey infographics.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Industry, News Tagged With: bsquare, iiot survey, industrial internet of things

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Track your lost Android
    Track your lost Android
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Top 25 vertical farming companies
    Top 25 vertical farming companies
  • Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
    Top 10 graphics processing unit manufacturers: Nvidia clearly in the lead
  • The Best Mechanical Engineering Design Software in 2022
    The Best Mechanical Engineering Design Software in 2022
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
    Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire

Overused words

abb ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Reasons to Consider a Career in the Manufacturing Industry
  • Why is My Car Key Stuck in the Ignition?
  • Bachmann Engineering gains certification from Universal Robots for its robot module solution
  • Walmart and Symbotic expand partnership to implement automation system
  • Comau brings high-speed robotic precision to the cosmetics industry
  • EAVX unveils autonomous ‘walk-in van’ prototype
  • MassRobotics launches $50,000 robotics competition
  • Remy Robotics exits stealth mode with launch of third autonomous robotic kitchen
  • Radial expands relationship with Locus Robotics
  • Things to consider while choosing a 45ft flat rack container

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

November 2017
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Oct   Dec »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2022 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT