Industrial manufacturers who have made investments in connectivity technologies are better positioned to drive innovation and gain a competitive advantage compared to firms that have been slower to implement connectivity across the factory floor.
Industrial manufacturers who have made investments in connectivity technologies are better positioned to drive innovation and gain a competitive advantage compared to firms that have been slower to implement connectivity across the factory floor. This, according to a newly commissioned study conducted by Forrester Consulting on behalf of Analog Devices Inc.
The study, based on a survey of more than 300 manufacturing, operations, and connectivity executives across the globe, found that 85% of high maturity firms—those who have made investments in connectivity technologies—are currently using Industrial Internet of Things (IIoT) technologies across much of the factory floor, compared to 17% of low maturity organizations. Over half (53%) of low maturity organizations report that their legacy equipment is unable to communicate with other assets.
“This past year was a true catalyst for digital transformation and many businesses needed to navigate and adopt connectivity strategies that helped them to become more agile and lay the groundwork for future innovation,” said Martin Cotter, SVP Industrial, Consumer & Multi-Markets at Analog Devices. “We see significant opportunity in the adoption of connectivity solutions, including 5G, to help organizations get data more quickly, enabling end applications.”
Findings from the research include:
This research shows that while many firms are benefiting from the promise of industrial connectivity, others have significant legacy and talent-related hurdles to overcome. Both a shortage of in-house expertise and interoperability of systems and data are two major hindrances to manufacturing modernization.
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