IIoT– A new fuel for Manufacturing Industries

Introduction

We all know about IoT or Internet of Things; which is a network of all the objects that breathe-digits and codes and are allowed to communicate with each other in terms of sharing data, over the internet without human intervention.

We are experiencing a new industrial revolution like never before called INDUSTRIE 4.0! And IoT is said to be the key element of this revolution. Now what is IIoT? When the concept of IoT is applied to the large scale industries such as Manufacturing –IoT becomes IIoT which is; Industrial Internet of Things.

Industrial Internet of Things – IIoT

Industrial Internet of Things- uses embedded sensors, cloud-based data, and inter connected smart devices on the manufacturing floor to derive, artificial intelligence, predictive analytics and to ensure better industrial performance. This digital revolution brought by IIoT is said to leverage / in some cases has already leveraged discrete manufacturing industries incustomization, improved productivity, operability and time and extra operational costs conservation! We will see about it in details in a while…

IIoT, a boon for Manufacturing Industries

As the manufacturing industry front runners are coming to terms with digitization and automation; the industrial IoT market is rapidly evolving. As per this report issued by PwC, 90% of manufacturers tend to believe that digitizing the manufacturing process will be a boon and not a curse to the industry.

According to Zion Research, the Industrial Internet of Things (IIoT) market value will eventually reach $232 billion dollars by 2023. As per Accenture’s report, 46% of respondents among American companies see the Internet of Things as an opportunity to increase employee’s productivity.

For instance, the motorbike manufacturer firm Harley-Davidson used IIoT technology for effective transformation in its manufacturing facility. It helped reduce the overall bike production time from 21 days to just 6 hours. (Source –Google)

Benefits

Now, the tables have turned! The IIoT is a new driving force and is all set to change the manufacturing industry that has struggled in recent years due to talent shortages, traditional & linear manufacturing supply chains, heavy budgets and time taking production process.

IIoToffers a hopeful future for theManufacturing industry:

• It will ensure employee safety and improve the quality of work & productivity expected from them.
• Manufacturing industries will witness reduced down time. IIot will keep a thorough check on Machine’s health, preventing any sudden break down and damage which will affect the production time.
• Manufacturing industries deal with about tones of goods, which comes in and goes out on daily basis. To find, track and organize these goods means investment of a whole lot of time, ultimately causing delay and inefficiency in the work cycle, which could be managed with LOCATION TRACKING, which would an another great significance of using IIoT.

At the End

Industrial IoT is the future of manufacturing industries! IIOT promises - Enhanced Product Quality Controls, Real-time insights, Improved Inventory Management, Asset Security, Supply Chain Visibility & Cost Savings.