Industrial IOT: How to avoid Pilot Purgatory (71% is stuck)
Industrial IOT is the area within Internet Of Things where it’s easiest to make a business case, and forecasters predict some $3.7 Trillion in value to be created here in the next 7 years. But adoption in the field is not going nearly as fast as this sizeable carrot would seem to justify.41% of firms are in limbo in the pilot stage, and 30% are still discussing how to start, adding up to 71% of industrial firms still stuck in Pilot Purgatory. And these are all firms interviewed by McKinsey, so I assume large firms with big budgets, otherwise I rather doubt the firm would be talking with them.The solution, according to McKinsey and Cisco, is of course to hire more consultants. It sounds very self-serving but I do think they have a point: in my experience factory engineers tend to be very busy people. Developing new industrial IOT products from scratch is generally not what they focus on, their skill is in tweaking and optimizing the designs they are given. An internal IoT project is also likely to be instantly paused when yet another fire from a major paying customer needs to be fought. As a result, IMHO chances are low that...