Survey: Digital transformation market has reached maturity

When it comes to industrial Internet of Things (IIoT) and digital transformation, most industrial companies are already carrying out continuation plans, and there have been many good cases in the 2017 year of IIoT hype. By 2018, companies planning to make digital transformations or using IIoT will open up new bureaus in three key areas.

According to reports, Matthew Littlefield, president and principal analyst of LNS Research, a market research organization, said that operational excellence (operaTIonal excellence) is about to trigger a new wave of thinking.

In the past few years, most of the IIoT hype has targeted assets and data, but not the ability to focus on people or processes, so this is about to change. Approaches like Lean and Six Sigma will begin to fully capture the value of digital technology in manufacturing.

Survey: Digital transformation market has reached maturity

The company will significantly improve operational efficiency by integrating advanced technologies such as advanced analytics, augmented virtual reality (AR/VR) and digital twin (Digital Twin). Not only will these new methods not disappear, they will become smoother and begin to develop at a faster rate than seen by the previous generation.

Enterprises will fully adopt the IIoT platform in 2018, but quickly creating value through easy-to-deploy and use applications will be the key to driving the platform. With Enel and Caterpillar Progress Rail, Italy's largest utility companies, succeeding in the enterprise-wide IIoT platform in 2017, platform vendors will begin to see more companies adopting IIoT.

But Littlefield believes that there will be no single platform architecture to take the lead, and most industrial companies will have multiple platforms to implement several use cases. Internal and cloud connectivity is about to become a reality and reality.

Littlefield predicts that the growth of edge and cloud computing will be a record of innovation in 2018. As far as IIoT is concerned, the edge and the cloud should be symbiotic rather than competitive. As vendors and end users begin to understand how bandwidth, response time, and risk define where the various parts of the analysis should run, the two markets will begin to grow harmoniously.

Much of this new understanding comes from a variety of advanced industrial analysis startups, which are closer to data sources than before. This new hybrid analysis approach will ensure that the edge and cloud markets will grow by leaps and bounds in 2018.

If companies are not ready to take advantage of today's digital innovations, or are already researching them, they will soon be led by competitors. The hype cycle is over, and it is time to stop discussing the beginning of action. The digital transformation market has reached a mature stage, and it can evaluate the companies and peers, and also evaluate the best performing companies.

Littlefield pointed out that companies need to look at it from an external perspective, not just from the perspective of software vendors or system integrators. These companies, which are at the forefront of most use cases, know a lot, but are inevitably affected by conflicts of interest.

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