By ET Bureau - September 09, 2022 4 Mins Read
Many private and public industrial organizations have faced challenges in the adoption of the Industrial Internet of Things because of interoperability, installation, cybersecurity, privacy, and change management issues. Industries need to address these barriers to transform their operations from the core with the implementation of IIoT
According to a recent report by Statista, the market size of the Industrial Internet of Things (IIoT) was sized at approximately USD 263 billion in 2021. The study also highlighted that the market size will scale by USD 1.11 trillion by 2028.
However, many private and public industrial organizations have faced challenges in the adoption of the Industrial Internet of Things because of interoperability, installation, cybersecurity, privacy, and change management issues. Industries need to address these barriers to transform their operations from the core with the implementation of IIoT. Because if the barriers to IIoT adoption are not addressed, it will make it difficult to leverage the technology to its fullest potential.
Also Read: The Need for ITSM to Start the Digital Transformation Journey
Here are a few barriers that CIOs need to be aware of while adopting the Industrial Internet of Things into the IT infrastructure:
Challenges to storing and processing big data
Many businesses face challenges in storing and processing a large amount of data that all industries generate. Irrespective of the volume and type of data generated, organizations need to process the data in real-time accurately without missing out on any data sets.
With the advent of the fourth industrial revolution, there has been a tremendous surge in the number of sensors and devices used in the network. It has made the IT infrastructure more complex and intricate to manage. Moreover, Industrial Internet of Things devices needs to execute in synchronization with the Enterprise Resource Planning (ERP) system to process metadata. Organizations that integrate IIoT into their IT infrastructure heavily rely on these technologies to ensure smooth production flow. CIOs should consider foreseeing all the potential disruption caused by IIoT devices to design an effective response plan. Shifting the focus from their core objectives to deliver quicker response times without missing out on sensitive assets will enable enterprises to make the most of Industrial Internet of Things devices.
Also Read: Edge Computing: Three Things to Ensure Success
Many traditional manufacturers have data siloes between the departments which becomes a significant barrier to IIoT adoption. Businesses today have various tools and applications that they use for production, scheduling, quality, engineering, and business monitoring. But there is a high possibility that all of the applications are not linked together and might have compatibility issues which result in bad analytics. Organizations that want to embrace the Industrial Internet of Things need to replace traditional obsolete applications that concentrate on a single machine. Moreover, CIOs should also consider structuring data gathered from all functional areas.
The lack of skilled resources is another significant barrier that industrial organizations face while leveraging IIoT’s potential for better operational efficiency. A few enterprises are not able to cope with the fast-paced Industrial Internet of Things evolution or are still underestimating the capabilities of this technology. Industrial business leaders can consult with IIoT industry veterans to bridge the in-house talent gap.
Security plays a major role in IIoT adoption because many devices are developed on open source codes, and adding new connections might expose businesses to various breaches. A lot of times, these open source IIoT devices are not accessed for security vulnerabilities. The lack of end-to-end security solutions hinders the Industrial Internet of Things adoption in many industries. Organizations that consider security as their top priority are exploring options to implement and secure IIoT devices throughout their operations. Governing authorities globally are imposing industry-wide standards to protect IIoT devices from various threats. Moreover, implementing a stringent security posture to protect businesses from various IIoT risks will help to minimize the risk and scale the adoption efforts.
Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.
The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.
A Peer Knowledge Resource – By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision making.Media@EnterpriseTalk.com