Deployment of IoT Solutions Within Manufacturing Organizations Expected to Nearly Double in the Next 12 Months
July 28, 2017 | ABI ResearchEstimated reading time: 1 minute
In a recent B2B technology survey of 455 U.S.-based companies across nine vertical markets, ABI Research finds that 67% of manufacturing respondents do not currently have IoT solutions in operation. Of those, 74% are either investigating, assessing, or planning to deploy such solutions in the next 12 months. Survey results show that while a lot of the activity in non-connectivity categories are relatively simplistic deployments, industrial IoT (IIoT) applications share a common propensity for automation enablement.
“Companies with industrial and manufacturing operations are looking to connect their HMI, SCADA, and control networks to higher level enterprise systems as well as the cloud,” says Ryan Martin, Principal Analyst at ABI Research. “Exposing data to enterprise-level systems provides better support for analytics and the management of people, processes, and systems."
At the onset, the IIoT ecosystem was predominantly anchored by proprietary M2M applications with limited interoperability between internal operational data and external systems/processes. Today, it is starting to become more open as the focus shifts from simplistic to more complex applications (monitoring versus control, automation). In fact, 35% of respondents in manufacturing are now assessing artificial intelligence (AI) and 47% have either deployed or plan deploy robotics solutions in the next 12 months.
“The value of leaner systems, processes, and procedures is greater than the sum of its parts for players in industrial end markets,” concludes Martin. “These are generally large organizations with a set of well-understood needs and slim margins, though the ability for IIoT technologies to serve as an infrastructure amplification engine is unbounded.”
These findings are from ABI Research’s Industry Survey: Transformative Technology Adoption and Attitudes report. This report is part of the company’s Industrial Internet research service, which includes research, data, and analyst insights.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/17/2024 | Andy Shaughnessy, Design007 MagazineThis week, trade shows are at the top of our feed, with our coverage of the Del Mar Electronics and Manufacturing Show and IPC APEX EXPO. These two longtime events are almost polar opposites in size and scope, but Del Mar seems to be expanding from its roots as a “neighborhood gathering” with its move into the Del Mar Fairgrounds. The Del Mar show always has a good “buzz factor,” which is something you can’t buy.
Real Time with… IPC APEX EXPO 2024: Insulectro on Attracting Young Talent to the Electronics Manufacturing Industry
05/16/2024 | Real Time with...IPC APEX EXPOInsulectro's Doug Gotelli and Mitchell Benson explore the challenges of drawing young talent into the electronics manufacturing industry. They underscore the significance of manufacturing and the urgency of tackling the workforce shortage. They also discuss internship programs, the industry's resilience amid the pandemic, and the rewarding experiences of working in this sector.
Siemens, Foxconn Team Up to Optimize Forward-thinking Manufacturing
05/16/2024 | FoxconnSiemens AG, a leading technology company, and Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, have signed a memorandum of understanding (MoU) to drive digital transformation and sustainability in smart manufacturing platforms.
TRI Opens New Manufacturing Facility
05/16/2024 | TRITest Research, Inc. (TRI), the leading test and inspection systems provider for the electronics manufacturing industry, announced that it has opened a state-of-the-art R&D and manufacturing facility.
SEMICON West 2024 to Spotlight U.S. Chip Industry Investments, Supply Chain Resilience, Talent, and Global Growth and Innovation
05/15/2024 | SEMISEMICON West 2024 will gather industry experts and leaders July 9-11 at the Moscone Center in San Francisco for insights into the latest trends and innovations in sustainability, supply chain management, workforce development and other critical industry issues.