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IFS Study: Double-digit increases in industrial IoT sophistication in 2018 – Modern Materials Handling
The study shows: ● Companies collecting IoT data on entire work cells or production lines rather than individual machine components or individual machines has increased by 17%. This enables more advanced use cases, which helps explain a 30% increase in use of IoT to support asset performance management. ● Respondents using IoT to monitor their customer equipment saw a 10% increase, potentially signaling transformational approaches to field service management. ● Despite these advances, the percentage of respondents who have integrated IoT data streams with their enterprise resource planning (ERP) software hovers at 16%. This reluctance may represent a barrier to leveraging IoT to deliver net new business models or revenue opportunities.
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