The industrial internet of things could be the final expression of where the data scope is advancing in the next couple of years.
A new report from PricewaterhouseCoopers (PwC) and the Manufacturers Alliance for Productivity and Innovation (MAPI) gives a glimpse into the actual insight and application of internet of things (IoT) throughout the industrial sector.
This report is based on a survey of US manufacturers.
Key findings of the report on IoT survey:
- IoT deployments are accelerating: 38 percent of manufacturers are now offering IoT-driven products and services; an additional 48 percent are currently in the process of developing them
- About half of manufacturers (47 percent) currently offering IoT products and services are selling customer-managed IoT platforms (i.e., selling a bundling of product and IoT service, related data gathering and analysis technology, and software
- Over the next five years, manufacturers expect that the revenue driven by IoT-based products and services will increase by an average 10 percent of total revenue
- The most common reasons manufacturers offer IoT-driven products and services are: competitive pressures; prospects for new revenue and return on investment and customer demand
- Only 14 percent of manufacturers surveyed say they have created go-to-market IoT strategies, and roughly half are in the creation process, suggesting that some companies are offering IoT products without a clear strategy to market those products
Read more: Monetizing the industrial internet of things
The industrial internet of things could be the final expression of where the data scope is advancing in the next couple of years.
A new report from PricewaterhouseCoopers (PwC) and the Manufacturers Alliance for Productivity and Innovation (MAPI) gives a glimpse into the actual insight and application of internet of things (IoT) throughout the industrial sector.
This report is based on a survey of US manufacturers.
Key findings of the report on IoT survey:
- IoT deployments are accelerating: 38 percent of manufacturers are now offering IoT-driven products and services; an additional 48 percent are currently in the process of developing them
- About half of manufacturers (47 percent) currently offering IoT products and services are selling customer-managed IoT platforms (i.e., selling a bundling of product and IoT service, related data gathering and analysis technology, and software
- Over the next five years, manufacturers expect that the revenue driven by IoT-based products and services will increase by an average 10 percent of total revenue
- The most common reasons manufacturers offer IoT-driven products and services are: competitive pressures; prospects for new revenue and return on investment and customer demand
- Only 14 percent of manufacturers surveyed say they have created go-to-market IoT strategies, and roughly half are in the creation process, suggesting that some companies are offering IoT products without a clear strategy to market those products
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