Among the problems encountered by industrial companies during the implementation are the technical expertise, the risk of transition and the complications for porting data.

The implementation of internet of things (IoT) industrial it seems that it will take more time than expected.

At least so it appears from a survey of Bain & Company to companies in the industrial sector.

If in 2016, up to 6 out of every 10 companies interviewed expected to have reached the implementation phase, in 2020, the 2018 shows a reduction of the expectations. The percentage would be now the 50 %, which means that it will take more than what is believed in to reach higher levels.

In 2016, they were a majority in the companies concerned by the issue of security, in addition to other issues such as return on investment and difficulty to integrate solutions IoT with IT systems and operational technology. In 2018, security and integration continued to be at the head of the concerns.

In the list of problems encountered by industrial organizations during the implementation are the technical expertise, the risk of transition and the complications for porting data.

yes, “in spite of the many challenges in the short term on the industrial use of the internet of things, we believe that the long-term progress is still on track” says Paul Cornicelli, a partner in the technology practice of Bain & Company.

“Given the progress in sensor technology, connectivity, 5G, informatics and analysis hub, and an estimate of 20,000 million of devices that must be connected in 2020, there is little doubt about the potential of the IoT and the technology of analysis to offer great improvements in efficiency”, develops Cornicelli.

Bain & Company anticipates that the industrial use of IoT could end up exceeding the 200,000 million dollars in 2021.