Common Myths Around Industrial IoT Implementations

Common-Myths-Around-Industrial-IoT-Implementations

Highlights

  1. Many Myths prevail in minds of manufacturers about Industrial IoT (IIoT)
  2. IoT seems complex for the manufacturer then, who then end up not implementing IoT at cost of productivity & efficiency on shopfloor
  3. IoT is believed to complex for customers, whereas a true deployment is painless and essentially simplistic
  4. IoT does not mean giving up on your old hardware- a true implementation connects various hardware to the platform, legacy or modern
  5. An IoT vendor cannot be only proficient in software, hardware proficiency is as important too
  6. IoT is not extravagantly expensive,  with a collaborative approach towards implementation it can certainly result in a payback period of less than a year for the buyer
  7. IoT is forte of a Big MNC only-Look at the investment, value proposition, ability to deliver and agility to adopt to the field dynamic of the vendor, not just size
  8. IoT will end up replacing people, a misoner, IoT infact results in a responsive & adaptive workforce.Internet of Things is the buzzword that is storming the gates of the technology powered world of today. Every enterprise-big or small wonders about this elusive technology- that is said to revolutionize the way we see processes, productivity & efficiency.

For a manufacturer/CXO/Manager, who’s often an expert in their core field of manufacturing/technology, IoT seems a huge & complex mesh. They depend on external experts/vendors to fill this gap. So, when they cross paths with IoT enablers who make the technology seem complex & expensive.   This results in them shying away from using this technology, resulting in throughput & ultimately profit loss.

In conversations with our Customer Success team, we often hear stories about how this hype often results in confusing the end user(buyer) about what they think about IoT and what it actually is. Today we aim to bust the most common myths about IoT :

1.IoT is Complex for Customers:

This is one of the most common myths that we face. Reading a thousand articles online and talking to 10 different vendors, leaves the buyer with an impression that IoT is a complicated technology to own & operate. An ideal IoT implementation is one that is painless and essentially simplistic for the customer. The deployment, depending on the complexity of the existing architecture takes from a few hours to days and does not involve intense technology knowledge on the part of customer.

2. IoT means replacing my current hardware with newer expensive one:

Another major reason, that has a lot of enterprises postpone the shift to IoT is the idea of replacing their current hardware with newer ones/or buying a huge number of newer components. However, in an optimal IoT implementation, the existing hardware architecture is always kept intact. Additional hardware is only required, if the current hardware consists of legacy systems/ systems that do not have a provision to withdraw/transfer the data. Only an IoT platform that can “connect anything” can achieve this.

3. IoT is only software based:

In theory, IoT seems to be all about reading data from machines and analysing it.  However, a typical factory setup consists of heterogeneous machines, systems, sensors which are on different control systems, communicating on different protocols. An optimal IoT deployment occurs when the hardware components work in tandem with the software. The hardware competencies (like the ability to assess hardware & building custom adapters if needed) of the IoT enabling vendors are as important as the flexibility, scalability & analytics engine of the platform that is the nucleus of the deployment.

4. IoT is super expensive:

Probably the biggest myth of them all, this one keeps a lot of potential buyers away. The thought of buying something that is not a part of your routine production process is usually very unwilling, especially if that something might offset your profit line for a long time. Hence. An IoT enabler, unlike a regular vendor is your long-term partner in your Industry 4.0 journey, and hence, must be in line with your objectives, budgets & pain points. Then a plan can be drafted as per these, which is then followed by the solution. As observed in our experiences with clients, a collaborative approach towards implementation can certainly result in a payback period of less than a year for the buyer, making IoT not just the poster boy of production but finance as well.

5. IoT is forte of a Big MNC only:

Another myth around IoT implementation is that it’s a big endeavour with great commitment and hence must be done better by big names only. Although it is true that IoT is a big commitment, one needs to look at the investment, value proposition, ability to deliver and agility to adopt to the field dynamic. In many cases, big MNCs may bring their proprietary costly software/hardware solutions with a lock-in commitment on buyer side. This leads to higher cost, lesser flexibility and increased complexity. In our experience of enabling IoT for several enterprises, our agility to adopt and ability to deliver has played a significant role and had delivered higher business value to the investment made by customers. So, big is not always better.

6. IoT will end up replacing people:

A major misconception, that leads to frequent reluctance & opposition from the workers & union, when people think that an IoT implementation might deprive them of their livelihood. The purpose of IoT is to increase the productivity & efficiency of the existing man power through analysis of live production data. When operational efficiency is enhanced through redefining processes, life is easier for not just the management, but the labour force of the factory also.

At Altizon, we believe that an IoT readiness assessment of your plant can help to paint a clear picture without any hidden costs or surprises during implementation. It also helps to craft a roadmap for future planning & budgeting empowering the decision maker such as yours. We hope the article helped you debunk the common misbeliefs that you hear about IoT. We would love to hear your questions or experiences around Industrial IoT initiatives at your enterprise.

For a free IoT assessment of your factory, contact us.