25 June, 2017

IoT and the human element

16 June, 2017

Industry 4.0, Digital Transformation, the Internet of Things (IoT) – these are concepts that are being increasingly discussed and often lauded as ways to offer new methodologies for manufacturers and engineering companies to leverage greater advantages from a number of vantage points. These advantages could, for example, include major operational and maintenance improvements that can lead to cost savings, improved machinery accuracy and greater machinery uptime through better connectivity of people and machines. Indeed, these themes have been given a particularly keen focus at events such as Hannover Messe over the past few years, with the 2017 outing of Hannover Messe championing The Connected Enterprise.


With regard to IoT, IDC predicts that the worldwide installed base of IoT endpoints will grow from 14.9 billion at the end of 2016 to more than 82 billion in 2025. At this rate, it has been said that the Internet of Things may soon be as indispensable as the Internet itself. The technology may be available to make this level of connectivity a reality, but it would appear that despite the forward momentum, the level of practical success is less than inspiring as things currently stand. Indeed, a new study conducted by Cisco suggests that 60% of IoT initiatives stall at the Proof of Concept (PoC) stage, and only 26% of companies have had an IoT initiative that they considered a complete success. Moreover, a third of all completed projects were not considered a success. “It’s not for lack of trying, but there are plenty of things we can do to get more projects out of pilot and to complete success,” said Rowan Trollope, senior vice president and general manager, IoT and applications at Cisco.

The findings were released at the recent IoT World Forum (IoTWF), an event where Cisco convened some of the industry’s best, brightest and most passionate leaders with the goal of accelerating IoT. The company surveyed some 1845 IT and business decision-makers in the UK, the US and India across a range of industries; including manufacturing, energy (utilities/oil & gas/mining), local government, retail/hospitality/sports, transportation and healthcare. All respondents worked for organisations that are implementing and/or have completed IoT initiatives. All were involved in the overall strategy or direction of at least one of their organisation’s IoT initiatives. The goal was to gain insight into both the successes as well as the challenges that are impacting progress.

Key findings included those concerning ‘human factor’ matters. The report makes the point that IoT may sound like it is all about technology, but human factors such as culture, organisation and leadership are critical. Indeed, 3 of the 4 top factors behind successful IoT projects had to do with people and relationships: Collaboration between IT and the business side was the number 1 factor, cited by 54%. A technology-focused culture, stemming from top-down leadership and executive sponsorship, was called key by 49%. IoT expertise, whether internal or through external partnership, was selected by 48%.




Events
 
  • SPE Offshore Europe 2017
    05 September, 2017, 9:30 - 08 September, 2017, 14:00
    Aberdeen Exhibition & Conference Centre
  • Air-Tech 2018
    10 April, 2018, 9:30 - 12 April, 2018, 16:30
    Hall 9, NEC, Birmingham, UK
  • Fluid Power & Systems
    10 April, 2018, 9:30 - 12 April, 2018, 16:30
    Halls 8 & 9, NEC, Birmingham UK
Buyers' Guide Search
 
Search for UK supplier by name
Browse by Product Group.
Magazine
MagazineTo view a digital copy of the latest issue of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

Previous IssueTo view a digital copy of the April issue of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

Previous IssueTo view a digital copy of the March 2017 issue of Hydraulics & Pneumatics Magazine, click here.

Buyers Guide - July/August Issue 2016To view a digital copy of the Buyers' Guide issue 2016 issue of Hydraulics & Pneumatics Magazine, click here.

July/August 2016 Annual Buyers Guide Issue
BFPA YearbookTo read the latest BFPA Yearbook, click here
BFPA Training AcademyClick the image to go to the BFPA Training Academy website
Compressed Air & Vacuum Technology Guide 2016To read the official BCAS Compressed Air & Vacuum Technology Guide 2016 click here
Smart Machines & FactoriesSmart Machines & Factories Magazine - the UK's first dedicated journal focusing on the fourth industrial revolution and transforming to a smart manufacturing era.
Newsletter
 
Newsletter