The Industrial Internet of Things (IIoT): Still More Talk Than Walk
The torrent of breathless headlines, rosy economic predictions and novel business ideas will continue in 2016, but, overall, there will be more talk than walk. At the same time, the promise, even if overly optimistic, is real, meaningful and worth pursuing, and the number of companies exploring it will continue to grow.
Excitement over IIoT, bolstered by increased corporate budgets, will continue to fuel new initiatives and projects, although they will be mostly driven by the lines of business, resulting in one-off non-scalable implementations. Lack of adequate standards, and sometimes the availability of multiple of standards will contribute to the proliferation of “limited edition” IIoT.
Security and privacy concerns will linger. Demonstrations of hackable devices and vulnerable industrial networks, especially with the United States presidential election campaigns that keep cybersecurity and rogue forces in the public eye, will impede large scale implementations, especially of public IIoT systems. Companies that offer robust methods for securing the IIoT will get the attention of investors and industrial companies alike. Read More