The Industrial Internet of Things (IoT) space is hot as manufacturing represents perhaps the largest greenfield opportunity left for digitization. Yet, IoT platform implementations have historically had a high rate of failure within this vertical. What’s contributing to these failure rates, and what needs to change?
In this article, we will examine common approaches for enabling Industrial IoT initiatives, the pros and cons, and their culpability for the high failure rate. We will then introduce a new approach that is already driving rapid, continuous value creation for discrete manufacturers and the companies that provide and service their manufacturing assets.