By Antony Bourne, IFS
Bridging the skills gap and boosting services will be top priorities for manufacturers in 2017. And IoT? Today, 50% of the costs of IoT projects go on integration. 2017 will see many manufacturers realizing they already have IoT solutions—now they need to integrate them better to leverage the full benefits. Antony Bourne, IFS Global Industry Director for Manufacturing, outlines three key predictions for 2017 and beyond.
Prediction 1: Over 80% of manufacturers will realize they already have IoT solutions—the question is, “How easily integrated are they?”
After years of hype, we tend to forget that many manufacturers already have internet of things (IoT) capabilities—and they have for years. They just might not identify them as such. But systems like Supervisory Control and Data Acquisition (SCADA) and Programmable Logic Controller (PLC) have efficiently gathered performance data from equipment since the 80s and 90s. And many continue to do so. So, manufacturers need to think carefully about which data performance tracking technology is most relevant to them. For those producing large-scale capital equipment to be deployed in the field, new sensor-enabled data gathering technology is a fantastic value-add. It enables them to offer maintenance and services around the clock, in tough environments—a serious competitive edge.