With almost 60 per cent of transport businesses either identified as starters or laggards when it comes to using the data gathered by IIoT solutions, there are clearly many transport businesses still struggling to work out how to extract maximum value from their data.

While data maturity in transport businesses is edging slightly ahead of their counterparts in other industries, the sector is tracking well ahead of others in deployment, suggesting a lack of strategy and insight into how best to use the data gathered by the IIoT solutions.

This may be about to change however as transport businesses clearly recognise the value that this data can bring and have identified a number of areas in which they aim to use this data, with efficiency and productivity at the forefront of their efforts.

HOW ADVANCED IS THE TRANSPORT SECTOR'S APPROACH TO IIOT DATA? (%)

Laggards
Starters
Progressives
Leaders

HOW ADVANCED IS THE TRANSPORT SECTOR'S APPROACH TO IIOT DATA? (%)

Laggards
Starters
Progressives
Leaders

56 per cent of mass transit and 63 per cent of rail companies identified that they would use their IIoT data to monitor productivity, the top-rated usage, while logistics businesses cited identifying cost saving and efficiency opportunities as their top priority.

However, while transport businesses continue to have sub-optimal data-sharing processes and cyber-security hurdles to overcome, they will fail to create connected, multi-modal supply chains that ensure maximum productivity from their operations and staff.

61 per cent of respondents from the container industry reported focusing on managing stocks and assets as a key use for their data, understandable when IIoT offers so much potential for asset tracking and monitoring.

This data is reflected in the rate at which the container sector is deploying IIoT to monitor its assets, with 66 per cent either already deploying or expecting to deploy within 12 months.

Effective data-sharing processes will be critical to the creation of connected, multi-modal supply chains

HOW DO YOU EXPECT TO USE THE DATA COLLECTED THROUGH YOUR IIOT SOLUTIONS? (%)

54%

Monitoring productivity

45%

Improving health and safety

45%

Managing assets

43%

Speeding up time to market

42%

Identifying cost savings

40%

Monitoring environmental changes

38%

reported that they face a lag between data collection and it being available

While it is clear that efficiency is the priority for many transport businesses, it is also encouraging to see that they recognise the positive benefits that IIoT could have for their staff, putting IIoT to work to improve health and safety, and reduce their impact on the environment.

The mass transit and rail sectors are perhaps hoping to use IIoT to improve safety for passengers, with 64 and 54 per cent of respective respondents citing IIoT’s potential for improving health and safety as key driver for deployment.

WHY DO YOU THINK YOUR ORGANISATION IS NOT ABLE TO USE THE DATA COLLECTED FROM ITS IIOT-BASED SOLUTIONS AS EFFECTIVELY AS IT COULD? (%)

Security/privacy concerns
Data availability lag
Data is not widely shared in the organisation
The volume of data is too large
We don’t have the skills to use data
Data is stored in an unusable format

WHY DO YOU THINK YOUR ORGANISATION IS NOT ABLE TO USE THE DATA COLLECTED FROM ITS IIOT-BASED SOLUTIONS AS EFFECTIVELY AS IT COULD? (%)

Security/privacy concerns
Data availability lag
Data is not widely shared in the organisation
The volume of data is too large
We don’t have the skills to use data
Data is stored in an unusable format

38 per cent reported that they face a lag between data collection and it being available, hindering an organisations’ ability to make real-time decisions based on the data available to them.

This lag is restricting the value that transport businesses can gain from their IIoT deployments, hindering them from making decisions in realtime from data gathered by connected sensors out in the field. In an industry which is so reliant on seeing where assets are this must be solved.

The issues caused by this lag are not helped by the restrictions that transport companies are placing on the visibility of data.

Incredibly in the mass transit sector just 2 per cent of businesses reported allowing anyone within their organisation to view it, hindering innovation and preventing colleagues from working together to establish creative applications for the vast swathes of IIoT data that they gather.

FOR MORE INFORMATION ON THE RESEARCH, DOWNLOAD THE REPORT - INDUSTRIAL IOT ON LAND AND AT SEA: TRANSPORT

Press enter or esc to cancel