Get down to business with the IIoT Still unsure where to start with digitalization? It seems you’re not the only one . While today’s out of the box technology solutions make it cheaper, easier, and quicker than ever to digitalize operations, research from McKinsey & Company shows a different reality for customers. On the one hand the cost of sensors is falling, which means there is more and more data available. But on the other hand, companies across industry are using less than 1% of data. So the question for us at Schneider Electric is, how to help customers access the other 99%, and use it to improve business performance? We recommend taking a business first approach. IIoT brings a new way of doing business and new areas of risk LNS research gives us a few clues about what might be holding some companies back. IIoT presents new ways of doing things, which require new approaches to safety and risk management. In a recent IHS Markit Survey (Nov 2018) a little more than 10% o...
