Project Management Institute

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As The Internet Of Things Era Begins, Many Executives See Talent Gaps As An Obstacle To Transform

As the internet of things era begins, many executives see talent gaps as an obstacle to transformation.

img 52%
of executives at large global enterprises expect the industrial internet of things (IIoT)* to have a significant or major impact on their industry within three years.

*IIoT is the application of internet of things technologies in the manufacturing industry.

img 31%
of executives say their organization faces a “major skills gap” in its IIoT readiness.

To keep up with the demands of IIoT implementation, executives’ top needs are:

img 51% New technical skills
img 41% Better data integration and analytics capabilities
img 33% Rethinking the business model
7%
of executives say they have most of the needed skills in place already.
7%
of executives say they have a clear IIoT vision and implementation strategy.
But
29%
say they have made a strong IIoT commitment, with pilot projects getting started.

Source: The Impact of Connectedness on Competitiveness, Business Performance Innovation (BPI) Network, 2017

This material has been reproduced with the permission of the copyright owner. Unauthorized reproduction of this material is strictly prohibited. For permission to reproduce this material, please contact PMI.

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