SURVEY REPORT
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1 SURVEY REPORT
2 STUDY PROFILE RESEARCH PURPOSE Smart Manufacturing market research TARGET SUBJECT Cross-industry IoT & Smart Manufacturing managers from leading international companies PROCEDURE Online-Survey PARTICIPANT GENERATION and social media invitations STUDY SAMPLE SIZE n = 221 INQUIRY PERIOD September to November 2017 PUBLISHED December 2017 Copyright by Industry of Things World USA
3 TABLE OF CONTENT INDUSTRY TRENDS 4 Smart Manufacturing Systems 5 Smart Manufacturing Challenges 6 IoT Principals 7 Industrial IoT Challenges 8 IIoT Understanding in the USA 9 IoT Solution Challenges 10 IoT Budget 11 SURVEY RESPONDENT PROFILE 12 Industry of Things World Your outcome 13 Respondent profile 14 Organization Size 15 THE EVENT 16 Copyright by Industry of Things World USA
4 INDUSTRY TRENDS Copyright by Industry of Things World USA 3
5 SMART MANUFACTURING SYSTEMS Where are you applying Smart Manufacturing systems? Machine level 29% Plant level 21% Enterprise/Supply Chain levels 29% Integrated across all levels 17% Other 5% Copyright by Industry of Things World USA 5
6 SMART MANUFACTURING CHALLENGES 58% COST 40% ACCESS TO NECESSARY INFRASTRUCTURE What are the challenges of implementing Smart Manufacturing technologies in your organization? 25% RESISTANCE FROM MANAGEMENT 23% RESISTANCE FROM EMPLOYEES 20% POTENTIAL RISK 13% OTHER Copyright by Industry of Things World USA 6
7 IOT PRINCIPALS Where would you place your organisation in terms of implementation of IoT principals (machine connectivity, data-driven decision-making and automation) in your industrial operations? We have islands of connectivity/visibility and collect/analyze detailed data on key operations 40% Still getting informed without any unified strategy in pursuing IoT principals 26% We are mid-way on an IoT adoption project and have already seen the benefits of our efforts 21% We are advanced in terms of applying IoT to our business and or manufacturing operations 14% Copyright by Industry of Things World USA 7
8 INDUSTRIAL INTERNET OF THINGS Understanding company culture: What best describes your own organisation's viewpoint on the Industrial Internet of Things (IIoT)? We are evaluating the potential of IIoT to improve our production / operational processes, products or services We are already using IIoT to improve our production / operational processes, products or services We are monitoring developments in IIoT, but are not active There is a deep commitment and understanding of the Industrial IoT amongst our colleagues 29% 20% 20% 17% We are investing in IIoT projects that are already live, or will be live soon 12% No clear sense of what IIoT is and why it matters 15% Copyright by Industry of Things World USA 8
9 IIOT UNDERSTANDING IN THE USA Understanding company culture: What best describes your own organisation's viewpoint on the Industrial Internet of Things (IIoT)? Some people I meet understand what IIoT is and how it can be applied 51% Only very few people I meet understand what IIoT is and how it can be applied 32% The majority of people I meet understand what IIoT is and how it can be applied 12% Don't know 5% Copyright by Industry of Things World USA 9
10 IOT SOLUTION CHALLENGES Security Uncertain ROI/lack of business case Heavy upfront investm ent Concern that connectivity will reveal flaws in the connected product or process Supplier diversity and offer complexity Lack of skilled workers (ex. data scientists) to support new IoT products and services No funding allocated for IoT project No internal funding champion Lack of IoT product or service providers Data security and privacy concerns What are your primary nontechnical IoT solution enablement challenges? Copyright by Industry of Things World USA 10
11 IOT BUDGET What would be an estimate of the overall IoT budget within your organization? 17% $1,000,001 - $5,000,000 17% $500,000 - $1,000,000 12% $5,000,001 - $10,000,000 10% $500,000 7% < $10,000,000 37% > NO BUDGET AT THE MOMENT Copyright by Industry of Things World USA 11
12 SURVEY RESPONDENT PROFILE Copyright by Industry of Things World USA 12
13 INDUSTRY OF THINGS WORLD USA YOUR OUTCOME What would you most like to get out of Industry of Things World USA 2018? Gain insights into current trends and challenges Build relationships Learn more about industrial IoT applications in businesses Share expertise and knowledge with peers Discover solutions Help shape the industrial IoT agenda Copyright by Industry of Things World USA 13
14 RESPONDENT PROFILE ROLE WITH THE ORGANIZATION BUSINESS VERTICAL 23% AUTOMOTIVE 38% SENIOR EXECUTIVE (CEO/VP/DIRECTOR ETC.) 30% HEAD OF DEPARTMENT / FUNCTIONAL MANAGER 18% OEM 10% COMPONENT TECHNOLOGY COMPANY (HARDWARE) 10% IOT SOLUTION PROVIDING COMPANY 20% ENGINEER OR TECHNCAL SPECIALIST 5% MARKETING SPECIALIST 10% PHARMACEUTICALS / BIOLOGICY / MEDICAL DEVICES 3% AEROSPACE 3% CHEMICALS / FINE CHEMICALS AND MATERIALS COMPANY 5% SALES / BUSINESS DEVELOPMENT SPECIALIST 3% OTHER 3% GOVERNMENT / NON-PROFIT ORGANIZATION 10% OIL, GAS & MINING INDUSTRY 18% OTHER Copyright by Industry of Things World USA 14
15 ORGANIZATION SIZE 10,001-50,000 12% <1,000 50, ,00 5,001-10,000 > % 10% % < % % 12% % 21% % % % 9% 1,000-50,000 24% 24% > 100,000 Copyright by Industry of Things World USA 15
16 THE EVENT Copyright by Industry of Things World USA 16
17 For a chance to hear from leading experts in the field of industrial Internet of Things and exchange experiences and knowledge on how your business can benefit from new technologies, join us at the Industry of Things World USA on March 7-9, 2018 in San Diego. Over 600 cross-industry attendees and speakers will challenge current thinking, unveil the latest innovations and define the future of the 4th industrial revolution. To book your ticket for the must-attend IoT event of the year, go to: Copyright by Industry of Things World USA
18 INDUSTRY OF THINGS WORLD GLOBAL SERIES SAN DIEGO, CA, USA SINGAPORE BERLIN, GERMANY Copyright by Industry of Things World USA 18
19 GET IN TOUCH! TO SPONSOR TO SPEAK TO ATTEND Jacqueline Kahlen-Hanlon General Manager - you.conect + 1 (518) Jacqueline.kahlen-hanlon@we-conect.com Dr. Dale Rickert Product Manager +49 (0) dale.rickert@we-conect.com Andreas Alexiou Sales Director andreas.alexiou@we-conect.com Copyright by Industry of Things World
20 Legal Notice INDUSTRY OF THINGS WORLD USA - SURVEY REPORT 2018 Publisher we.conect Global Leaders GmbH Reichenberger Str Berlin +49 (0) Managing Director Daniel Wolter Henry Fuchs Project Management: Dr. Dale Rickert Product Manager dale.rickert@we-conect.com Nikolaos Kapetanis Marketing Manager nikolaos.kapetanis@we-conect.com FOR MORE INFORMATION, VISIT:
21 SURVEY REPORT 2018
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