IoT Enterprise Projects Adoption Report 2024

IoT Enterprise Projects Adoption Report 2024 (PDF)

1. Executive summary and survey highlights
   1. This report analyzes 300 IoT initiatives
   2. Survey audience overview
   3. Executive summary
   4. Highlight: Four key insights from the analysis performed in the report
2. Introduction
   1. Status quo: Most manufacturing assets are connected, and most manufacturers have an IoT strategy
   2. Our view: Many companies are in or moving to Stage 4 of their IoT journey
   3. Companies at Stage 4 of their journey are scaling to millions of devices
   4. However, IoT solutions are often not one-size-fits-all
   5. This report distinguishes three main approaches to developing IoT solutions
   6. Reminder: How IoT Analytics defines the IoT
   7. Reminder: Two types of IoT and the technical IoT set-up
3. State of IoT initiatives
   1. State of IoT initiatives—overview and key takeaways
   2. Overview of IoT initiative timelines
   3. Contribution of connected products to OEM revenue (3/3)—size/customer type
   4. Time needed for each phase of the IoT initiative
   5. Success of IoT initiatives
   6. Reasons for terminating/pausing an ongoing initiative
4. Business case
   1. Business case—overview and key takeaways
   2. Role of the business case (1/2): Overall
   3. Role of the business case (2/2): By use case and initiative type
   4. Stakeholder involvement
   5. Project ROI (1/3): Overview
   6. Project ROI (2/3): By approach, start year, and use case group
   7. Project ROI (3/3): By use case (1/3)—smart operations
   8. Project ROI (3/3): By use case (2/3)—smart supply chain
   9. Project ROI (3/3): By use case (3/3)—connected products
5. Buy vs. Build vs. Buy-&-Build
   1. Buy vs. build vs. buy-and-build—overview and key takeaways
   2. IIoT solution development (1/2): Build vs. buy-and-build vs. buy
   3. IIoT solution development (2/2): Build vs. buy-and-build vs. buy—key quotes
   4. Approach taken (1/4)—by size and industry
   5. Approach taken (2/2)—by region
   6. Approach taken (3/4)—by end date
   7. Approach taken (4/4)—by use case (1/3): Smart operations
   8. Approach taken (4/4)—by use case (2/3): Smart supply chain
   9. Approach taken (4/4)—by use case (3/3): Connected products/devices
   10. Top reasons to decide on a respective approach
   11. Project success by approach
   12. Reasons to go for the “custom-build” approach (1/4): Overview
   13. Reasons to go for the “custom-build” approach (2/4)—by region
   14. Reasons to go for the “custom-build” approach (3/4)—by industry
   15. Reasons to go for the “custom-build” approach (4/4)—by size
   16. Reasons to go for the “buy-and-build” approach (1/4)—overview
   17. Reasons to go for the “buy-and-build” approach (2/4)—by region
   18. Reasons to go for the “buy-and-build” approach (3/4)—by industry
   19. Reasons to go for the “buy-and-build” approach (4/4)—by size
   20. Reasons to go for the “buy” approach (1/4): Overview
   21. Reasons to go for the “buy” approach (2/4)—by region
   22. Reasons to go for the “buy” approach (3/4)—by industry
   23. Reasons to go for the “buy” approach (4/4)—by size
6. Deep-dive: Off-the-shelf solutions
   1. Deep dive: Off-the-shelf solutions—overview and key takeaways
   2. Importance of factors when selecting the “buy” solution
   3. Importance of factors when selecting the “buy” vendor
   4. Importance of existing relationship with vendors when choosing a provider
   5. Contracting a system integrator
   6. Key contacts that IoT solution vendors should engage with (1/2)
   7. Key contacts IoT solution vendors should engage with (2/2)
   8. Right of refusal
   9. Most painful aspects when integrating the “buy” solution
7. Key learnings
   1. Key learnings—overview and key takeaways
   2. Challenges to overcome during initiative (1/3): Overview
   3. Challenges to overcome during initiative (2/3)—by end date
   4. Challenges to overcome during initiative (3/3)—by type
   5. People and organizational challenges to overcome during an initiative
   6. Challenges faced leading to a relatively long deployment of the IoT initiative
   7. Key learnings (1/5): Overview
   8. Key learnings (2/5): Overarching learnings
   9. Key learnings (3/5): Degree of buy vs. build
   10. Key learnings (4/5): Choice of suppliers
   11. Key learnings (5/5): Internal project set-up
   12. Remarkable IoT initiatives (1/5): Introduction
   13. Remarkable IoT initiatives (2/5): By use case group
   14. Remarkable IoT initiatives (3/5)—by use case (1/3): Smart operations
   15. Remarkable IoT initiatives (3/5)—by use case (2/3): Smart supply chain
   16. Remarkable IoT initiatives (3/5)—by use case (3/3): Connected products
   17. Remarkable IoT initiatives (4/5)—by approach
   18. Remarkable IoT initiatives (5/5)—by industry
   19. Why some companies achieved a remarkably fast roll-out
8. Methodology
9. About IoT Analytics