New products and services is the area most companies say they will focus their IoT investments (35 percent), followed by customer touchpoints (29 percent), and manufacturing (23 percent). The vast majority of firms are unprepared for the Industrial Internet of Things (IIoT), with fewer than 2% of companies saying they have a clear vision for the technology, even though 41% of executives at large enterprises and 41% of executives at all companies expect a major impact from IIoT on their industry within three years , says a new study from the BPI Network . "We are experiencing the lull before the storm of IIoT transformation. This is an opportunity for real competitive differentiation and advancement," says Dave Murray , Head of Thought Leadership for the Business Performance Innovation Network .
The vast majority of firms are unprepared for the Industrial Internet of Things (IIoT), with fewer than 2% of companies saying they have a clear vision for the technology, even though 41% of executives at large enterprises and 41% of executives at all companies expect a major impact from IIoT on their industry within three years , says a new study from the BPI Network . "We are experiencing the lull before the storm of IIoT transformation. This is an opportunity for real competitive differentiation and advancement," says Dave Murray , Head of Thought Leadership for the Business Performance Innovation Network .