The most common misconceptions about the Industrial IoT
Due to the real potential to help companies gain a competitive advantage, the industrial Internet of Things (IoT) continues to generate a lot of interest. But all the hype has inevitably led to some misconceptions, which remain significant barriers to realizing the full value of the industrial IoT.
Here, we explain the faulty thinking behind four popular misconceptions:
Misconception 1: Industrial IoT is IoT
Misconception 2: IIoT is about technology and too expensive
Industrial IoT is all about changing the way an organization conducts business to gain a competitive advantage. However, many discussions about the industrial IoT start with the technology and costs, rather than focusing on the business problems to be solved. This creates the misconception that technology is what matters the most and focus turns to the overwhelming task of replacing old, out data legacy equipment. But the reality is that the technology selection is not nearly as important as the changes in organizational behavior that must take place in order to apply the technology and gain a competitive advantage. And it’s important to note that legacy assets can be connected to the industrial IoT using sensors – which is a fraction of the cost of new machinery.
Check out the lists of industrial IoT companies and startups present at Web Summit 2021.
A classic story is the one about a refinery that equipped workers with handhelds to perform operator rounds. The focus was on implementing WiFi in the refinery, deploying handhelds, and implementing the mobile software. However, operators continued to write the readings down on a clipboard and then type the data into the handheld later. Not changing behavior defeated the efficiency gains – of saving time and resources – that handhelds were expected to deliver.
Read what are the other two common misconceptions here.
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About the author
This article was written by Jennifer McClure and originally was published here.