The Industrial Internet, which is expected to redefine the way the global industrial economy operates, is in danger of failing to take off because of integration issues, according to GlobalData, a leading data and analytics company.
According to the company's latest thematic report, 'Industrial Internet', the marketplace will be worth $145bn by 2023, part of a fast-evolving ecosystem of intelligent machines communicating with each other.
David Bicknell, principal analyst for Technology Thematic Research, commented, "One of the key uses behind the Industrial Internet--predictive maintenance--has so far failed to take off, largely because organisations are struggling to integrate it into their existing operations environments. Cyber threats are also a concern. Factory floor legacy systems were never intended to be externally linked and operations managers need to think as much about cyber safety as they do site safety."
Bicknell adds, "The reality is that the...