‘Internet of Things’ has indisputably a vibrant future. By
2021, there will be more than 25 billion connected devices in use, as per a report
by Gartner. That means an enormous volume of data will be produced to support business-driven
decisions. It will open a big door of opportunities for the industries to
enhance their efficiencies and boost profits.
IoT has already made a significant impact on the
manufacturing sector. Industrial Internet of Things helps in monitoring different
processes, reducing wastes, improving safety, etc. It brings together complete
ecosystem of communication between different devices and equipment for
capturing data and generating analytics. In this article, we will see how integrating
IoT practices can benefit the
industries in various ways.
Industrial Internet
of Things and its benefit to manufacturing companies
Manufacturing companies that have digitalized their
processes and used IoT technology found the following results (As per a survey
conducted by American Society for Quality (ASQ), a knowledge-based global
community):
- 82% rise in efficiency
- 49% decrease in product defects
- 45% increase in customer satisfaction
These numbers show that IoT is influencing industries in a
big way. Connected assets and aggregated data allow the manufacturers to
conserve resources, manage inventory, save energies and optimize productivity. They
enable predictive and preventative maintenance in the companies. They enable the
prevention of asset failure and downtime. The data gathered from various
sensors and other intelligent devices gives enhanced visibility of accurate
facts.
Let us run through some of the benefits to know how IoT helps
manufacturing companies to work smarter and improve overall efficiency.
Saving Energies
IoT devices help companies to use the resources very efficiently and reduce unnecessary expenses. For instance:
IoT devices help companies to use the resources very efficiently and reduce unnecessary expenses. For instance:
- Activating the lights only when needed using smart lighting systems
- Using control units to control temperatures
- Using thermostats for saving energies spent on air conditioning and heating
For example, in a Smart Grid, where energy conservation is
of utmost importance, smart meters and appliances are utilised for energy efficient
operations.
Better
collaboration and workforce management
Adopting the industrial Internet of Things allows the employees to work remotely. They don’t need to be physically present at the same place where the devices are. Real time data can be gathered by the devices in each stage of development like design, testing, or production and sent to the employees directly on their systems. It leads to accurate and pro-active management of tasks. The workforce can collaborate and manage the tasks well. Real-time monitoring enables to track the analytics data efficiently thereby improving the productivity of employees.
Adopting the industrial Internet of Things allows the employees to work remotely. They don’t need to be physically present at the same place where the devices are. Real time data can be gathered by the devices in each stage of development like design, testing, or production and sent to the employees directly on their systems. It leads to accurate and pro-active management of tasks. The workforce can collaborate and manage the tasks well. Real-time monitoring enables to track the analytics data efficiently thereby improving the productivity of employees.
Better utilization
and maintenance of resources
IoT allows manufacturers to optimize production schedules, determine off-hours consumption, etc. and get insights to utilize the resources properly. IoT devices monitor the machines to track the information like how long does the machine takes to start, how long it remains in operation, etc. It helps to prevent them from damages and maintain them. There are alert-based systems that help to track the performance of the machines and predict failures.
IoT allows manufacturers to optimize production schedules, determine off-hours consumption, etc. and get insights to utilize the resources properly. IoT devices monitor the machines to track the information like how long does the machine takes to start, how long it remains in operation, etc. It helps to prevent them from damages and maintain them. There are alert-based systems that help to track the performance of the machines and predict failures.
Other benefits
Industrial Internet of Things helps to maintain a safer workplace by predicting chances of failure in advance and monitoring health state or risky activities of workers. It minimizes injury of the employees. It also allows inventory management by the use of RFID tags. IoT solutions help in gathering information about routes with the use of geo-location tracking, especially for trucking and transportation industries. All these benefits of IoT play a significant role in quality-control and result in cost reduction in the manufacturing companies.
Industrial Internet of Things helps to maintain a safer workplace by predicting chances of failure in advance and monitoring health state or risky activities of workers. It minimizes injury of the employees. It also allows inventory management by the use of RFID tags. IoT solutions help in gathering information about routes with the use of geo-location tracking, especially for trucking and transportation industries. All these benefits of IoT play a significant role in quality-control and result in cost reduction in the manufacturing companies.
Key Takeaways:
The Internet of Things has brought technological and organizational advancements in industries. It has optimized the manufacturing processes at a fast pace. The vital data gathered using IoT devices helps the decision-makers to take quick actions and make profit-conscious decisions. Thus, IoT is simplifying everything that the industries need.
The Internet of Things has brought technological and organizational advancements in industries. It has optimized the manufacturing processes at a fast pace. The vital data gathered using IoT devices helps the decision-makers to take quick actions and make profit-conscious decisions. Thus, IoT is simplifying everything that the industries need.
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