5. The integrated analysis and use of data are the key capabilities of the industrial internet.
The analysis and use of data play a major role in the industrial internet. The rapidly growing number of sensors, embedded systems and connected devices (“Internet of Things”) as well as the increasing horizontal and vertical networking of value chains result in a huge continuous data flow. While these gigantic amounts of data are collected along the entire value chain, they have in many cases not been used in a structured and sufficient manner.
The analysis and use of data are already highly important for half of all companies surveyed. The electrical engineering and electronics industry places a particular emphasis on this capability due to the data intensity of the products and solutions in the sector. Ninety percent of the companies from all five industry sectors are convinced that the ability to efficiently analyse and effectively use large data volumes will be of vital importance for the future success of their business model. This evaluation also applies to those industries in which the analysis and use of data are not yet a top priority