IoT isn’t just about automating existing manual processes, it is about enabling whole new value streams and capabilities, says Alex Tarter, chief cyber consultant for Thales in the UK
IoT can be seen as a technology for large companies with big shop floors, lots of sensor-laden equipment and a commercial/operational requirement to be more connected to their supply chain.
For the larger enterprise, it makes sense to build a business case for IoT based the automation/streamlining of processes to decrease operational costs or improve organisational efficiency. Access to – and the exploitation of – huge amounts of data generated by these enterprises is a significant bonus.
Various reports suggest, however, that SME manufacturers lack confidence in data security and internet speeds. Others would like access to turnkey IoT systems, and for those systems to be standardised.
Regardless of their size, all enterprises want to increase efficiency, lower bottom-line costs and maximise profits but significant stumbling blocks are preventing the uptake of IoT solutions to engender these aims.
