Industrial Internet of Things Will Boost Economic Growth, but Greater Government and Business Action Needed to Fulfill its Potential, Finds Accenture

Three ways to accelerate the broad adoption of Industrial Internet of Things

Accenture has identified three areas that companies need to address to scale the adoption of the Industrial Internet of Things:

  • Re-imagine industry models. Companies will have to redesign their organizations, partnerships and operations. For example, agro-chemical companies collaborating with software vendors, climate data providers and satellite operators to improve crop yields in specific locations and conditions. Manufacturers may also need to decentralize operations as technologies such as 3D printing enable products to be made closer to customers.
  • Capitalize on the value of data. This includes establishing interoperability and security standards to ensure data can be shared with confidence between companies. New financial models will also be needed to support pay-per-use and other services-based offerings.
  • Prepare for the future of work. With greater access to data, decentralized working environments will be needed to support the devolvement of decision making to workers on the front line. New organizational structures will be needed to allow workers to collaborate more creatively with counterparts in partner companies.

Join Accenture and industry leaders for live discussions broadcast from Davos on the Industrial Internet of Things on January 21 and 23. Visit www.accenture.com/IIoTBroadcast. For all of Accenture’s insights on the Industrial Internet of Things, please visit www.accenture.com/IIOT.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.



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