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Kevin See

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The Internet of Things for Industry – Ready or Not, Here It Comes

Posted by Kevin See on Nov 23, 2015 3:42:09 PM

The Internet of Things (IoT) is a hot term today, and while information technology (IT) companies have been keen on the trend for years, now more and more industrial companies feel they can't afford to miss out on the potential impact. And there is truth in the hype: embedding connectivity and intelligence in physical objects promises to change the way we live our lives, revolutionize many product categories, and bring new efficiencies to many industrial applications. Still, for all the talk of how impactful IoT will be, our conversations with industrial companies – producers of chemicals and materials, oil & gas, utilities, and other physical equipment – reveal a lot of confusion and uncertainty around just how to attack the space. To help better understand the challenge industrials face in capitalizing on IoT, we conducted a survey to explore leading corporations' IoT strategies – or lack thereof. We received responses from 82 individuals from 78 corporations on the state of IoT in their businesses. We found:

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