IIoT manufacturing has moved beyond hype
Awareness and intent is growing around IIoT manufacturing but companies have yet to see significant impact
The 2016 edition of the global MESA International and LNS Research survey on ”Metrics that Matter in the manufacturing world” shows that the IIoT manufacturing sector’s take on IoT is changing in a big way as understanding is getting more widespread.
More than half of the over 4,000 survey respondents are intending to do something within IoT in the next 12 months while the number of those who expect to do nothing is decreasing fast, the study found. Another finding that should rejoice the IoT industry is the improved level of awareness about how IoT impacts manufacturers. The proportion of respondents stating they do not understand or know about IoT fell to 19% in 2016, down from a whopping 44% in 2015. Furthermore, the number of respondents investigating the impact of IoT rose to 33% from 21% in 2015. However, only a small yet growing number of businesses (8% against 4% in 2015) say they have already seen a dramatic impact, while another 8% say they understand IoT but see no impact at this time.
Analytics still in its infancy
Another encouraging result is that, despite a relatively low usage rate of manufacturing data in analytics (14%), 40% said they had a strong analytics team. This is in contradiction to the widespread view that manufacturers will be help back within IoT and Big Data Analytics due to a lack of skills, according to LNS Research. The analyst firms points out however that the use of machine learning-type analytics is still low.
How is the IoT impacting your business today?
Awareness about the benefits of IIoT implementation is the first step towards IIoT adoption and the survey results are very encouraging in that respect, in particular the phenomenal rise in IoT implementation intent. However, the surprising high level of confidence on analytics skills at hands, together with the low usage level of machine learning, could well indicate a mismatch between today’s available analytical skills and tomorrow’s required analytical skills.
LNS Research’s recommendations
The research firm recommends manufacturers that do not understand IoT to start investigating the matter and identify areas were IIoT trials would be appropriate. On analytics, LNS Research encourages manufacturers to look beyond shop floor data and take advantage of vendors’ many low-cost offering to try out the cloud, IoT and Big Data. Furthermore, manufacturers should build commercially viable pilots so as to explore more complex analytics.
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