Regardless of who you talk to, everybody agrees that the IoT will be the next big “thing”. As connectivity has become ubiquitous and the cost of hardware has decreased, the appeal of creating connected devices has grown. However, while some organizations have started to create tremendous value from the IoT, data shows that many of organizations are still struggling to get started. IDC research found that while 66% of Discrete Manufacturers and 67% of Process Manufacturers are actively pursuing IoT initiatives, less than half (40%) of those Discrete Manufacturers and only about half (55%) of those Process Manufacturers have even begun a pilot.
The challenge for many lies in understanding the use cases and how to best approach them.