Industrial Internet of Things: Big Opportunities and Challenges

The "Industrial Internet of Things" (IIoT) could contribute $14.2 trillion to world output by 2030, according to new research by Accenture. But these potential gains are at risk because neither companies nor governments are taking sufficient actions to put in place the conditions necessary for the wide adoption of new digital technologies, the firm says.

The IIoT, which enables new digital services and business models based on intelligent connected devices and machines, is expected to particularly boost growth in mature markets, according to the report, "Winning with the Industrial Internet of Things."

By 2030, capital investments in the IIoT and the productivity gains that should follow are expected to add $6.1 trillion to the United States' cumulative gross domestic product (GDP). If the U.S. were to invest 50% more in IIoT technologies and improve enabling factors, such as its skills and broadband networks, the gain could reach $7.1 trillion by 2030, raising its GDP 2.3% higher in 2030 than trend projections.

But the report shows that these gains are at risk, in part because 73% of companies have yet to make concrete plans for the IIoT, according to a survey of more than 1,400 global business leaders, of whom 736 are CEOs. Only 7% of those surveyed have developed a comprehensive strategy with investments to match.

"The Industrial Internet of Things is here today, helping to improve productivity and reduce costs," Paul Daugherty, CTO at Accenture, said in a statement. "But its full economic potential will only be achieved if companies move beyond using digital technology to make efficiency gains alone and unlock the value of data to create new markets and revenue streams. That means radically changing how they do business: working with competitors, forming partnerships with other industries, redesigning organizational structures and investing in new skills and talent."

http://www.information-management.com/news/Industrial-Internet-of-Things

« NSA Director on Sony Hack: ‘The Entire World is Watching’
Apple iOS Backdoor: Snowden says iPhone is a Government Spy »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

Mielabelo

Mielabelo

Belgian consulting firm providing services in the security and compliance of information systems and IT service management.

enSilo

enSilo

enSilo secures customers data on premise or in the cloud. Regardless of the where the threat comes from, enSilo can protect your data.

IABG

IABG

Activities include consulting services in the development of software systems in the area of secure information and data communication.

Adlink Technology

Adlink Technology

ADLINK is a leading provider of embedded computing products and services for applications including IoT and industrial automation.

Digitronic Computersysteme

Digitronic Computersysteme

Digitronic focus on innovative software to protect your personal and sensitive corporate data.

Thinkst Applied Research

Thinkst Applied Research

Thinkst is an Applied Research company with a deep focus on information security.

Braintrace

Braintrace

Braintrace’s services include Managed Detection and Response (MDR), Managed SIEM, SIEM-as-a-Service, SOC-as-a-Service, Advisory Services, and Incident Response.

Zeichner Risk Analytics (ZRA)

Zeichner Risk Analytics (ZRA)

ZRA is a small business with over 20 years of experience in cybersecurity, risk management, program management, strategic planning, and law and policy.

OXO Cybersecurity Lab

OXO Cybersecurity Lab

OXO Cybersecurity Lab is the first dedicated cybersecurity incubator in the Central & Eastern Europe region.

Darkbeam

Darkbeam

Darkbeam provides a unified solution to protect against security, brand and compliance risks across your digital infrastructure.

Upfront Security

Upfront Security

Upfront Security helps companies with innovative products & services to prevent, recognise and recover from (identity) fraud.

Suridata

Suridata

Suridata is committed to helping enterprises secure their valuable data, with automation, accuracy and simplicity.

In-Q-Tel (IQT)

In-Q-Tel (IQT)

IQT is the non-profit strategic investor that accelerates the development and delivery of cutting-edge technologies to U.S. government agencies that keep our nation safe.

Kingston Technology

Kingston Technology

Kingston is a leading global manufacturer of memory and storage solutions including encrypted storage solutions to protect data inside and outside the firewall.

Match Systems

Match Systems

Match Systems provides blockchain investigations, KYC, KYT, AML, Due Diligence and compliance services.

Fairdinkum Consulting

Fairdinkum Consulting

Fairdinkum is a leading full-service IT consulting firm with more than two decades of experience in the industry.