Industrial DataOps set to revolutionise digital transformation

Industrial DataOps is emerging as a vital solution in overcoming the obstacles associated with industrial digital transformation, according to a recently released research article by IoT Analytics. The Industrial Connectivity Market Report 2024–2028 examines how technologies like industrial DataOps, protocol converters, and message brokers can address the intricacies of data management and system integration, which often impede progress in digital transformation initiatives.

The report provides significant market growth projections, stating that the global industrial connectivity market, which was valued at USD $89 billion in 2023, is expected to grow to USD $104 billion by 2028. Notably, software, particularly DataOps, is identified as the fastest-growing segment, with an anticipated compound annual growth rate (CAGR) of 49%. This marks a rising importance of managing industrial data efficiently as companies accelerate their digital transformation efforts.

Knud Lasse Lueth, Chief Executive Officer of IoT Analytics, commented, "Industrial digital transformation holds immense potential, but 62% of companies face severe challenges, particularly in areas like data management and integration complexity. The emerging field of Industrial DataOps is showing promise, offering manufacturers a way to simplify their digital infrastructure and enabling key industrial use cases. We're seeing innovative solutions from both startups and large incumbents, signaling that this technology is poised to play a central role in successful digital transformations."

Anand Taparia, Principal Analyst at IoT Analytics, added, "Industrial connectivity is evolving beyond just linking industrial systems. It's about creating a data-driven ecosystem. With advancements like DataOps, manufacturers can access and manage data more efficiently than ever, unlocking new levels of productivity and operational intelligence. The global industrial connectivity market is projected to grow from USD $89 billion in 2023 to USD $104 billion by 2028, with software, especially DataOps, being the fastest-growing segment at 49% CAGR. Start-ups and scale-ups like Cognite, Litmus or HighByte are at the forefront of this transformation, providing tools for a data-driven ecosystem."

The research highlights three key technologies—industrial DataOps, protocol converters, and message brokers—that can help navigate the challenges of digital transformation. These tools are crucial for managing data efficiently and ensuring smooth integration across various industrial systems. DataOps, in particular, simplifies the digital infrastructure by streamlining data workflows, making it easier to handle the vast amounts of data generated in industrial settings.

Digital transformation projects typically encounter myriad obstacles, with data management and integration complexity being among the most pressing issues. The report suggests that leveraging industrial DataOps along with protocol converters and message brokers can mitigate these challenges, helping projects reach their intended outcomes.

In summary, IoT Analytics' latest research underscores the growing significance of industrial DataOps in the realm of digital transformation. As the market for industrial connectivity continues to expand, technological advancements in data management and system integration are poised to play a critical role in future developments. The insights offered by the report provide a comprehensive understanding of the trends and emerging solutions that are critical for navigating the complexities of digital transformation in industrial settings.