How can European companies benefit from IoT?
Europe’s industrial companies, pressured by the competitive and fragmented European markets, ongoing economic headwinds and growing operational costs, need to streamline operations and boost their product and service offering should they wish to build momentum and increase their competitive advantage. Implementing IoT-based digital solutions at any part of the enterprise, from the shop floor to the back office, brings an opportunity to trim costs and introduce new products and services.
To evaluate the existing appetite of European industrial companies for IoT solutions, PAC has undertaken a major new survey of 250 senior business, IoT and IT stakeholders that explores the strategies and approaches that both process and discrete manufacturers are taking to adopt IoT technologies.
The study explores the following questions:
- What is the current appetite of European industrial companies for IoT solutions and what are the trends in IoT adoption?
- What use cases of IoT are the major drivers of adoption and what are the biggest barriers that slow it down?
- Which departments make investment decisions for IoT and what does the budget for IoT look like?
- How do the companies move forward with IoT initiatives and what type of collaboration engagements are on top of their agenda?
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