A New Class of Buyers for Industry 4.0

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April 3, 2017

A New Class of Buyers for Industry 4.0

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Design Engineer

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@godfreyb2b #M2E2017 #marketingtoengineers

What design engineers care about

Better ROI

CostReduction

IncreasedProductivity

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Isolated Interconnected

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Design Engineer IT Decision-Maker

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We are forcing our way into

the factory conversations

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CIO

Others

54%IT Director

VP/Business Director

CTO

COO

3%

11%

4%

10%

17%

Participants by Title

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What You

NEED to KNOW

!

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What does IoT mean to you?

?

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It means connectivity and presents opportunities.

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Transformation to truly digital enterprise,

improved efficiency of employees, improved

accuracy of production estimation,

better competitiveness

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IoT Impact

How people work together

Solution development,

implementation,maintenance

Delivering customer

value

Data evaluation and problem prevention

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As the Director of IT, the Internet of Things

means absolutely everything

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How is the IoT working out?

?

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14%Extremely Satisfied

34%Satisfied

51%Moderately Satisfied

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Satisfaction with IoT Progress

What’s holding you back?

?

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55%Lack of

Understanding

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Obstacles to IoT Success

36%IT/Infrastructure

Limitations

32%Lack of

Strategy

New players disrupt the old dynamics

Key INSIGHT

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Operations-Driven Buying Process

ProcessEngineer

LineSupervisor

PlantManager

VPManufacturing

COO

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Operations-Driven Buying Process

ProcessEngineer

LineSupervisor

PlantManager

VPManufacturing

COO

ITTech

ITDirector

CIO

IT-Driven Buying Process

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Who pays for IoT initiatives?

?

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Which BudgetIs Likely to Be Used for Implementing

IoT Initiatives?Operations

Capital Investment

61%Information Technology

16%

23%

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Who gets involved at which stage?

?

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Stages

Initiation Advocacy Approval

30%26%

23%

49%46%

26%23%

14%

39% 40%

24%

16%

CIOIT Director

CTO Manf.Op.

CIOIT Director

CTO Manf.Op.

CIOIT Director

CTO Manf.Op.

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The IT Director is #1 at initiation and advocacy.

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New players bring vastly different priorities

Key INSIGHT

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Design Engineers

Better ROI

CostReduction

IncreasedProductivity

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IoT Desired Outcomes

49%Customer

Data

47%Improved

Operations/Systems

40%Aligned IT

with BusinessGoals

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Design Engineer IT Decision-Maker

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Where are you learning about IoT?

?

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TRUSTED SOURCES

53%Industry pubs and websites

49% Trade shows

41% Supplier websites and reps

39%Industry and professional groups

CONTENT TYPES

50%Trade shows and conferences

46% Case studies

36% Articles and white papers

30% Videos

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Download an average of 7 content pieces during the buying process.

They want it credible and buzz-free.

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How do you choose an IoT partner?

?

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CONSIDERATIONS

40% Cost

26%Reputation/Experience

$

INFORMATION

71% Overall experience

47% Industry specific

39% Case studies

SecurityPrior successReliability Integration

Other

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Which companies would you consider?

?

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60%

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Biggest Obstacle: Lack of Understanding

INSIGHT #1 New Players Disrupting Old Dynamics• Majority of IoT projects financed by IT budgets• IT leads most stages of buying process

INSIGHT #2 Vastly Different Priorities• Top desired IoT outcome: Customer Data• Cost #1 consideration, looking for demonstrated experience

What You NEED to KNOW

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How to

ADAPTNOW

!

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New audience = new strategies. Plan accordingly.

1

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Create new personas

2

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Create new personas

Research new buyers and influencers

Identify concerns, challenges and pain points

Create a new messaging and content strategy

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Build a bridge

3

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Build a bridge

Focus on common goals

Productivity, quality, time to market and reduced downtime

Early stage buying process is extremely important

Solve problems that impact operations and drive

business value

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Don’t just repurpose that old white paper

4

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A new content library

Multiple formats for audience preference

Tailored to the buying stage and concerns

Broadcast regularly across new channels

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Don’t make leads the only metric of success

5

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Present a brand that shouts “experience”

6

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Operations Team

ProcessEngineer

PlantManager

VPManufacturing

COO

CIOITTech

ITDirector

CTO

IT TeamBRAND

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New audience = new strategies. Plan accordingly.1

How to ADAPT NOW

2 Create new personas

3 Build a bridge

4 Don’t just repurpose that old white paper

5 Don’t make leads the only metric of success

6 Present a brand that shouts “experience”

Download the Full Research ReportGodfrey.com/engineers

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