who are interested in Industrial Internet of Things (IIoT).
The Industrial Internet of Things (IIoT) is a rapidly emerging technology in New Zealand and across the world. It is a transformative technology which enables manufacturers and other industrial businesses to improve processes and dramatically enhance productivity. In New Zealand, IIoT is quickly becoming an essential part of many industrial operations.
Benefits of IIoT in New Zealand
The potential benefits of IIoT in New Zealand are plentiful. IIoT can provide a variety of advantages, including:
- Increased efficiency: IIoT can drastically increase efficiency by automating industrial processes, eliminating human error and increasing the speed of production. This can enable businesses to become more competitive and reduce costs.
- Real-time data: IIoT enables businesses to monitor their processes in real-time and make adjustments as needed. This can enable businesses to take proactive rather than reactive measures to improve operational performance.
Adoption of IIoT in New Zealand
The adoption of IIoT in New Zealand has steadily increased over the last few years. According to a survey conducted by the Open Data Institute in 2019, the number of businesses using IIoT had doubled in the previous three years. This strong growth is likely to continue as businesses become increasingly aware of the potential of IIoT for improving efficiency and reducing costs.
Challenges of IIoT in New Zealand
Although the potential benefits of IIoT are clear, there are also challenges to its adoption. These include:
- Data security: IIoT systems use large volumes of sensitive data, which could be compromised by cyber-attacks. Security protocols must be in place to ensure the safekeeping of this data.
- Data privacy: With the collection of large amounts of data comes a responsibility to protect the privacy of individuals. Companies must have the right safeguards in place to ensure that the data they collect is used responsibly.
To help combat these issues, the Government has committed to investing in initiatives such as the Prime Minister’s Strategic Science Investment Fund, which is designed to boost the development and deployment of IIoT in New Zealand.
The Future of IIoT in New Zealand
Overall, the outlook for IIoT in New Zealand is highly positive. The technology is already being widely adopted, and its potential to revolutionise industrial processes is widely recognised. The Government’s commitment to investing in IIoT initiatives will also ensure that businesses have the necessary tools and resources to seamlessly transition to IIoT.
It is clear that IIoT is here to stay in New Zealand. As businesses become increasingly aware of the potential benefits, more and more are likely to embrace the technology. It has the potential to transform the industrial landscape of New Zealand and provide significant growth opportunities for businesses of all sizes.
In conclusion, IIoT is an essential technology which is enabling businesses in New Zealand to become more competitive, efficient and productive. With the right investments and the right measures in place to ensure data security and privacy, IIoT has the potential to revolutionise the way businesses operate in New Zealand.