THE CHALLENGES OF IIOT
Recent years have seen an explosion of the Industrial Internet of Things (IIoT) as enterprises
of all types and sizes have been implementing new, innovative, and smart solutions. Broadly
known as Industry 4.0—a new phase in the Industrial Revolution that focuses heavily on
interconnectivity, automation, machine learning, and real-time data—the promises are great:
operational efficiencies, new sources of revenue, better customer relationships, and faster time
So, what’s the problem?
Unfortunately, it can be hard to know how to get from where you are now to where you want to
be. Industrial customers are prioritizing their investments in digital manufacturing. But IoT data
is collected from already complex environments, leading to many questions about everything
from security and data integration to management and analytics. The clearest path is to
architect systems according to business goals. However, those can be hard to articulate.
To make matters more complicated, many organizations feel that they should build and
manage their own solutions. But do-it-yourself solutions tend to offer little operational or
financial benefit. They can distract from the core function of the business. Self-built solutions
can be difficult and take too long to implement, are expensive to maintain, and can be
challenging to deploy across sites. And finally, stand-alone systems that don’t connect to each
other can lead to data siloes and reduce efficiency.
Almost 1/3 of IoT projects fail at the proof-of-concept stage*
*Microsoft IoT Signals Report; October 2020
Visualize a different approach
At the end of the day, successful IIoT initiatives help
manufacturers focus on their core competencies and enable
business value. Consider partnering with a company that can
help you achieve those goals by delivering a single solution
that offers these four key components.
Works with your existing systems
You shouldn’t have to rip and replace your existing
technology; wrap and extend your solutions instead.
Includes pre-built solutions
Don't waste time reinventing the wheel to get manufacturing
efficiency and service optimization.
Addresses common challenges
Solutions that are rapid to deploy and ready to scale help
you start getting value almost immediately.
Organizations need to build connected solutions that pull
together all data from different systems to speed innovation.
And that’s where the ThingWorx platform from PTC