According to its report, “Industrial IoT in the Time of Covid-19”, this applies in agriculture, electrical utilities, mining, oil and gas, and transport and logistics sectors. The company is involved in this area through its satellite-based Elera L-band network.
For example, it cites a large increase in IoT adoption from 2020 to 2021. More than three quarters (77 per cent) of the organisations surveyed have now fully deployed at least one IoT project, with 41 per cent having achieved this in the twelve-month period from the second quarter of 2020.
Of the remaining 23 per cent of respondents that have not yet fully deployed IoT projects, it says, all are either currently trialling it, or plan to deploy or trial at least one IoT project in the next 18 months.
As the report title suggests, Covid-19 has played a role. In response to challenges related to the pandemic, a further 84 per cent of respondents indicated they have accelerated or they intend to accelerate the adoption of IoT.
This figure, says Inmarsat, includes 47 per cent who have already accelerated IoT adoption to respond to Covid-19, 24 per cent who will accelerate over the next twelve months and 14 per cent who will accelerate beyond the next 12 months.
The 47 per cent who have already accelerated IoT adoption are less likely to state that Covid-19 has negatively impacted their ability to operate, than those yet to. The company says this demonstrates a link between IoT and business continuity during the pandemic.
Over half (52%) of respondents indicated that business and operational challenges related to Covid-19 have underlined the importance of IoT, it states.
“The rapid increase in IoT deployments over the last few years highlights the considerable progress global industry has made to overcome some of the world’s most challenging forces,” said the president of Inmarsat Enterprise, Mike Carter. “It is particularly interesting, though logical, that Covid-19 has further catalysed businesses to increase their reliance on Industry 4.0 technologies, and particularly the industrial Internet of Things, in order to maintain business continuity. Those businesses implementing IoT technologies ahead of their competition and across their value chains are those who stand to win in the long-term.
“While our findings point to IoT driving significant uplifts in efficiency, sustainability and safety across global supply chains, there are areas where organisations can make improvements to draw the optimum benefits from the technology. Connectivity, data management, skills shortages, security threats and investment levels remain challenges as the world’s production and supply chains become increasingly digitalised and intertwined.”
You can read “Industrial IoT in the Time of Covid-19” via this link.
See also: Skylo, Inmarsat team up for satellite-based IoT connectivity