APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    Networking

    PropTech

    Remote Work

    Scheduling Software

    Simulation

    Startup

    Storage

    Wireless

  • Banking

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Healthcare

    Insurance

    Legal

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Atlassian

    CISCO

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Content Management System

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Enterprise Architecture

    Enterprise Communications

    Enterprise Contract Management

    ERP

    Field Service

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Product Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • Augmented Reality
    • Agile
    • Cognitive
    • Cyber Security
    • Digital Transformation
    • Atlassian
    • E-Commerce
    • Managed Services
    • RegTech
    • CISCO
    • Blockchain
    • IoT
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Internet of Things
    Editor's Pick (1 - 4 of 8)
    left
    Digital transformation - Gaining Momentum in Operational Technology (OT)

    Martin Schlatter, CIO and Regional CEO, APAC, NTT Security

    Connecting dots the IOT way!

    Sunil Singh, Regional Chief Information Officer, Coca-Cola Beverages Vietnam

    Disrupting the Automotive Industry through Digitalization

    Esteban Remecz, CIO, Asia Pacific, ZF Group

    Simplifying Deployment and Management of Branch Office Networks

    Ari Bose, CIO, Brocade

    Internet-of-Things: The Rise of Connected Businesses and Connected Lives

    Harnath Babu, CIO, KPMG India

    How IOT is Driving Competitive  Advantage to Asian Supply Chains?

    Steve Walker, CIO, DHL Supply Chain Asia Pacific

    Embracing Advanced Tech-enabled Solutions that Foster Innovation and Growth

    Steven Weinreb, CIO & EVP, Technology & Operations, Asia, MetLife

    Edge Computing and the Keys to Unlocking IoT in Asia Pacific

    Robert Linsdell, Managing Director Australia and New Zealand, Vertiv

    right

    The Use of Value 4.0 for Industrial Internet of Things

    By Apac CIO Outlook | Monday, January 04, 2021
    Tweet

    As a key enabler for the future, the cost increases that came with the pandemic have led to an acceleration in digitalization, along with an increased need to generate returns on investment.

    Fremont, CA: Several corporations plan to see 2020 as a tough year. They anticipated technological changes that would affect their business, such as the move from combustion to electric vehicles for car manufacturers, or ongoing instability due to raging trade wars or Brexit. But the effects of the COVID-19 pandemic on top of these issues have been unprecedented for many companies.

    As a key enabler for the future, the cost increases that came with the pandemic have led to an acceleration in digitalization, along with an increased need to generate returns on investment. But there is still an enormous challenge ahead of these companies with IIoT and other Industry 4.0 technologies to really transform their development and business processes to generate additional value.

    Top IoT Vendors

    The Use and Purgatory Scenario of PoV

    In this context, there has been a lot of activity within production companies to close the digital gap and reap the advantages of Industry 4.0. According to a recent study by Reply of 150 client companies, 95 percent of companies currently struggle to use IIoT technologies on a scale and or use them to build a competitive advantage, while many are pushing strategic digitalization initiatives and 'proof of value' (PoV) activities.

    Given that about 95 percent of the manufacturing companies surveyed by Vodafone expect digitalization to raise productivity and that the adoption of novel technology is the future of production, this is a striking observation. It demonstrates that there are significant underlying challenges to be overcome before organisations can adopt IIoT and deliver value on a scale.

    Digitalization and IIoT Need to Be One Endeavour, Flexible, Continuous,

    One of the most consistent findings is that a "project management office" (PMO)-like strategy powers the vast majority of Industry 4.0 and digitalization initiatives.This implies that dedicated resources are allocated to drive labs, introduction of technologies, and installations to drive industry 4.0 This very top-down approach runs the risk that the rest of the company will see IIoT projects as "another project," or even worse, as the next cost-cutting exercise, instead of a continual shift in creativity and value development sponsored by the entire organization.

    tag

    IIoT

    Industry 4.0

    IoT

    Weekly Brief

    loading
    ON THE DECK

    Retail 2021

    Top Vendors

    Compliance 2021

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    The Advantages of Blockchain in lot

    The Advantages of Blockchain in lot

    Three Benefits of Deploying Cloud Telephony System

    Three Benefits of Deploying Cloud Telephony System

    Technology Trends that Bring Revolutionary Changes in the Way Education Imparted Before

    Technology Trends that Bring Revolutionary Changes in the Way Education Imparted Before

    What Is the Role of AI in Managed Services?

    What Is the Role of AI in Managed Services?

    Four Mistakes to Avoid when Implementing Digital Transformation

    Four Mistakes to Avoid when Implementing Digital Transformation

    How Edge Computing will Address IoT Challenges?

    How Edge Computing will Address IoT Challenges?

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/the-use-of-value-40-for-industrial-internet-of-things-nwid-7881.html