Industrial IoT is the tech answer to the business challenge of environmental sustainability. Everyone says so; everyone knows so. And yet only a third of enterprises are putting their money where their mouths are, and investing in industrial IoT. That is the message, effectively, from Swiss engineering conglomerate ABB, which has polled the market, done the math, and identified the gap in the industrial change agenda between thought and action.
Of course, for a business selling industrial robotics and automation software, the results of the poll make clear how business might be done, if only enterprises would put their hands in their pockets to gamble on a leaner and greener future. But business and sustainability are – increasingly, and necessarily – linked, to the point they are almost the same, and greater business efficiency means a lesser environmental impact and a bigger bottom-line.
The new ABB (commissioned) study – of 765 decision-makers in “international” industrial enterprises – found that “future competitiveness” is the single biggest factor for their increased focus on sustainability, cited in 46 percent of cases. Two thirds (63 percent) “strongly agree” that sustainability is good for business profits. Indeed, almost all of them (96 percent) view digitalization as “essential to sustainability”, the poll said. At the same time, only 35 percent of firms surveyed in the poll have actually implemented “industrial IoT solutions at scale”.
The interpretation here, of course, requires you to accept that ‘industrial IoT’ is the same as ‘digitalization’, at least in the industrial arena where ABB sells most of its wares. Which puts us in the strange half-light of buzzwords and jargon. Except that industrial IoT is a more useful term, actually, because it describes how sensors are attached to machinery and processes in factories and plants, to enable live readouts and calibration to fine-tune performance.
Continue reading: https://enterpriseiotinsights.com/20220209/smart-factory/industrial-iot-is-the-answer-to-good-and-green-business-says-everyone-says-abb
Of course, for a business selling industrial robotics and automation software, the results of the poll make clear how business might be done, if only enterprises would put their hands in their pockets to gamble on a leaner and greener future. But business and sustainability are – increasingly, and necessarily – linked, to the point they are almost the same, and greater business efficiency means a lesser environmental impact and a bigger bottom-line.
The new ABB (commissioned) study – of 765 decision-makers in “international” industrial enterprises – found that “future competitiveness” is the single biggest factor for their increased focus on sustainability, cited in 46 percent of cases. Two thirds (63 percent) “strongly agree” that sustainability is good for business profits. Indeed, almost all of them (96 percent) view digitalization as “essential to sustainability”, the poll said. At the same time, only 35 percent of firms surveyed in the poll have actually implemented “industrial IoT solutions at scale”.
The interpretation here, of course, requires you to accept that ‘industrial IoT’ is the same as ‘digitalization’, at least in the industrial arena where ABB sells most of its wares. Which puts us in the strange half-light of buzzwords and jargon. Except that industrial IoT is a more useful term, actually, because it describes how sensors are attached to machinery and processes in factories and plants, to enable live readouts and calibration to fine-tune performance.
Continue reading: https://enterpriseiotinsights.com/20220209/smart-factory/industrial-iot-is-the-answer-to-good-and-green-business-says-everyone-says-abb
