Adoption Growing, But Complex Solution Market Still Small
On-premises Internet of Things (IoT) platforms coupled with edge computing will account for up to 60 percent of industrial IoT analytics by 2020, up from less than 10 percent today, according to Gartner's new Magic Quadrant for Industrial IoT Platforms.
"Adoption is growing, but the installed base of complex IT/OT integration is small and focused on narrowly defined outcomes," said Gartner researchers in the report. "CIOs in industrial enterprises must cautiously approach IoT platform due diligence."
IIoT platforms include functions such as device management, analytics, security and application enablement and management. The platforms differ from legacy operational technology (OT) in its ability to provide more cost-effective machine data from IoT endpoints, orchestrate historically siloed data sources to enable better data accessibility and insights, and improve application enablement over legacy systems.