Global mobile satellite communications provider Inmarsat has released a study IIoT on Land and at Sea that, it says, suggests organisations across the global supply chain, expect industrial IoT to increase their annual revenues by 10 percent within five years.
“There will be significantly increased automation and operational efficiency through the use of real time data and machine-to-machine communication right across the planet,” it says. A
Not surprisingly it adds: “Access to reliable and resilient connectivity, particularly in remote regions or at sea, where terrestrial networks are not available but satellite communications are available, will be essential to the success of many IIoT deployments.
Inmarsat commissioned Vanson Bourne to survey 750 businesses with a combined turnover of $US1.16 trillion from across the globe. It says respondents were drawn from a wide range of industries, including the agriculture, energy, maritime, mining and transport sectors.
Inmarsat Enterprise president Paul Gudonis said businesses were prioritising satellite technology to transform their operations and achieve competitive advantage. “Data generated by IIoT infrastructure is expected particularly to bring greater transparency to the global supply chain, allowing businesses to automate processes, reduce operational waste and speed up rate of production, leading to higher revenues and lower costs.
“However, many businesses are struggling with security, skills and connectivity challenges in large scale IIoT deployments. Over half (56 percent) require additional cyber-security skills and 34 percent don’t yet have access to the connectivity they need.
