Global Industry Accelerates IoT Adoption In Response To Covid
As the manufacturing sector increasingly turns to next-generation networks to propel its business, research from global mobile satellite communications provider Inmarsat has revealed a rapid increase in the maturity level of organizations adopting the Internet of Things. industrial (IoT) since the start of Covid-19. pandemic.
The study, Industrial IoT in the time of Covid-19, focused on measuring the IoT maturity of the global industry during the pandemic and the rise of digital production and supply chains. It was based on interviews with 450 respondents around the world in agriculture, power utilities, mining, oil and gas, and transportation and logistics in early 2021.
Respondents from companies with 250 or more employees in the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific responsible for implementing IoT initiatives in their respective organizations were invited to comment on a number of key themes, such as adoption, connectivity, data, skills, security and investment.
Even though the respondents came from multiple industries, the research revealed a general theme that the adoption of IoT has seen tremendous progress from 2020 to 2021 and that Covid-19 has demonstrated the importance of IoT for their businesses, with many accelerated IoT deployments in response to the pandemic.
More than three-quarters (77%) of organizations surveyed had fully deployed at least one IoT project, with 41% having done so in the 12-month period from Q2 2020. Of the remaining 23% of respondents who had IoT projects not yet fully deployed, all were either testing it or planning to deploy or try at least one IoT project in the next 18 months.
A further 84% of those surveyed said they had accelerated, or intended to accelerate, IoT adoption in response to challenges related to Covid-19. That figure included 47% who have already accelerated adoption of IoT to respond to Covid, 24% who will accelerate over the next 12 months, and 14% who will accelerate beyond the next 12 months.
The 47% who had already accelerated IoT adoption were found to be less likely to report that Covid-19 had a negative impact on their ability to function, than those who had further accelerated it, demonstrating a link between l ‘IoT and business continuity during the pandemic, Inmarsat said. . Additionally, more than half (52%) of respondents said the business and operational challenges of the pandemic underscored the importance of IoT.
“The rapid increase in IoT deployments over the past few years underscores the tremendous progress the global industry has made in overcoming some of the world’s most difficult forces,” said Mike Carter, president of Inmarsat Enterprise. “It is particularly interesting, although logical, that Covid-19 has further catalyzed companies to rely more on Industry 4.0 technologies, and in particular on the industrial Internet of Things, in order to maintain business continuity.
“Those companies that implement IoT technologies ahead of their competitors and across their value chains stand to gain in the long run. While our findings indicate that IoT is driving significant improvements in efficiency, sustainability, and security in global supply chains, there are areas where organizations can make improvements to get the most out of it. technology.
“Connectivity, data management, skills shortages, security threats and investment levels remain challenges as global production and supply chains become increasingly digitized and intertwined. “