toward reconciling themselves for the industrial environment. Today’s versions are lightweight, durable and have better enclosures, so they can be certified for use in hazardous environments and are available at a better price point.”
She adds that by leveraging the newest technologies to build more customized, end-to-end integrated software solutions, facilities are able to digitize the entire work process and load it into a device where workers can access documents, instructions, training videos, work orders and the like via apps and voice commands. The third component is connectivity. “Three to four years ago, only a few plants had WiFi, but now more facilities are employing WiFi for pervasive connectivity. Bluetooth is also widely used and 4G and 5G technologies are available at lower costs, making connectivity a much less expensive, more viable and easier-accessed prospect in industry than ever before,” notes Countryman. “These three factors are driving the adoption of wearable technologies for industrial use.”
And, statistics demonstrate the anticipated growth. “The Industry 4.0 market opportunity is currently worth $110 billion by total economic value, with Accenture estimating that the industrial internet of things (IIoT) could impact 46% of the global economy, estimated at $14 trillion, by 2030. In the connected worker space, wearable technology and wearable sensor devices alone is growing at a predicted 13.1% compound annual growth rate and is estimated to reach $4.3 billion in the next 20 years,” says Mark Bernstein, CEO of Wearable Technologies, Ltd. (Leicestershire, UK), quoting from an Accenture Industrial Internet of Things Positioning Paper Report.
More specifically, Accenture’s Countryman, quoting Accenture’s Digital State of the Industry Report, adds that when chemical companies were asked how much they’d invest in mobility/wearables in the next 12 months (from 2018), 77% said they’d invest nothing; however, 16% said they’d invest between 21% and 40%. When asked where digital investment for product and operations will be in the next three years, 24% of the top three chemical companies cited mobility/wearables.