Popular Posts

Wednesday, 2 August 2017

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

No comments:

Post a Comment