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The Industrial Internet of Things (IIoT) has promised to revolutionize the manufacturing industry by enabling real-time data collection, analysis, and decision-making. However, despite its potential, many IIoT projects fail more than they succeed. In fact, according to a study by Cisco, about 75% of IoT projects fail. So, why do IIoT projects fail?
Here are 9 common reasons and some solutions to avoid them:
In conclusion, the challenges with IIoT projects can be daunting, but they are not insurmountable. To avoid failure, it is essential to define clear objectives and goals, plan properly, hire or partner with experts, develop a clear integration plan, ensure data quality, implement robust cybersecurity measures, design for scalability, and communicate the benefits of the IIoT system. A comprehensive software solution that supports a step-by-step-approach as well as digital lean manufacturing principles can help to overcome these challenges. It is important to remember that implementing IIoT systems is a digital transformation journey that requires a continuous improvement mindset and a willingness to embrace change. With the right approach, IIoT projects can succeed and drive business growth, efficiency, and innovation.
To learn more about how to overcome the challenges of IIoT projects and create a smart factory that leverages manufacturing data, we invite you to download our white paper "Unlocking Trapped Value In Manufacturing". This comprehensive guide provides practical advice and best practices on how to apply smart technology to scale IIoT systems and drive digital transformation. The white paper showcases how our industry-leading software solution has helped numerous businesses achieve their goals and unlock the full potential of their manufacturing data. Don't miss out on this valuable resource! Download our white paper now and take the first step towards a successful smart factory implementation.