ERP, IoT Data Integration Still Not a Reality, Report Says

While companies are collecting more IoT data, most are still not integrating it with their ERP systems, according to new research from IFS. Companies  collecting IoT data on entire work cells or production lines, rather than individual machine components, increased by 17 percent, according to a press release. More data enables more advanced IoT use cases, which the authors attribute to a 30 percent increase in the use of IoT data to support asset performance management. Still, the number of companies integrating IoT data with their ERP systems is only 16 percent. “This reluctance may represent a barrier to leveraging IoT to deliver net new business models or revenue opportunities,” according to the press release.