IoT ? Who Understands it, and what is the need of it?

According to Cisco, there will be 13 billion connected devices in manufacturing by 2020. The JP Morgan’s Global Equity Research team has already made clear to the manufacturing industries to have connected with the maximum Internet of Things—IoT market possible. though it’s hard to exactly gauge the impact of these technologies will have, but it’s obvious that experts are projecting it to be huge.

What do the manufacturing leaders have to say about the IoT, or to do?

While some months ago several research organizations launched new IoT survey questions that dig a little deeper into the topic. The study asks manufacturing executives and other senior leaders how IoT impact their business and about their expected IoT investments that go forward. The most interesting part is that; almost half which is nearly 43% of these industry professionals designate that they still don’t understand or know about the IoT.

Given the publicity about the IoT, these numbers may seem a bit odd to many. But the rising technologies have the potential to be generally disruptive, making these potential applications come into view discouraging for many businesses, consequently, this trend is likely to continue until after more proven and ordinary solutions surface in the coming years and they will.

Let's drill down into this new IoT investigation data and share insights into what you should do if you fall into the don’t understand class.

Attitudes in the direction of IoT in Manufacturing

Though the number of respondents states that they don’t understand the IoT is considerable, about more than 400 different individuals and other counting have reacted to the survey questions and this particular question offered seven options.

However, the combined 43% acknowledged having an interest in or understanding the IoT. While one among five reported being interested in; but still investigating the impact. And 12% are rapidly pursuing IoT opportunities either internally, with customers, or in both regards. There seems to be somewhat of a split between executives who are learning about and experimenting with the IoT compared to those who don’t really understands this technology.

The IoT is helpful to transform your businesses and its operation. And in the near future, you can expect to see more use of intelligent sensors and devices in the shop floor surroundings, providing enormous amounts of new data streams which can be utilized up and down the value series. Massively parallel and in-memory big data analytics technologies, which are considered part of the IoT, are expected to provide insights into real-time performance, from which correlations can be drawn that were formerly too resource-intensive to work out.