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 need for the technology , even though 52 % of executives at large enterprises and 41 % of executives at all companies expect a major impact from IIoT on their industry within the next five years , says a new study from the Business Process Innovation Network . 57 percent are either beginning implementation, have pilots underway or are committed and in the planning stages. " 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 BPI 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 need for the technology , even though 52 % of executives at large enterprises and 41 % of executives at all companies expect a major impact from IIoT on their industry within the next five years , says a new study from the Business Process Innovation 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 BPI Network .