Many business leaders now follow and adopt future-fit strategies to take their businesses to great heights. And Internet of Things (IoT) is one such strategy in the manufacturing landscape that enables companies in this sector to be more innovative, and adaptive. According to Fortune Business Insights, the IoT market is predicted to reach USD 2465.26 billion by 2029 with a CAGR of 26.4%.
IIoT in Manufacturing: Use Cases
Internet of things is very common nowadays and its applications is seen in every home. From smart home systems to wifi controlled bulbs, it is the applications of IoT we see every day. This brings us to another topic, IIoT. IIoT stands for industrial internet of things and it refers to the usage of internet of things in an industrial context to connect the machines and data to better manage and improve productivity.
IIoT is one step to converting traditional factories a smart one. IIoT in manufacturing is disrupting the entire manufacturing sector by improving efficiency, productivity and even making the work environment safer for frontline workers. Let’s check out some use cases of IIoT in the manufacturing arena.
Use cases of IIoT in Manufacturing
1. Connected Physical Assets
The IIOT sensors and devices can be used to connect the machines in a factory within a network. These smart connected assets can contribute to improved quality of production, and reliability.
2. Real-time Data Analytics
The IoT sensors and devices connected to the machines can capture valuable data and analyze and provide real-time insights to automate various processes, predict machine failure and security threats.
3. Predictive Maintenance
The industrial IoT applications that is installed on the machineries and other platforms can send timely alerts to avoid risk. It can detect any variations from normal parameters and provide alerts or warnings to the technician. This helps to avoid unplanned downtime or crisis and stoppage of production.
Benefits of IIoT in Manufacturing
1. Better utilization of resources and assets
IoT enabled factory with its sensors can be used to schedule and monitor the processes automatically. This can be used to efficiently utilise the resources and assets.
2. Reduced cost of operations
With mundane tasks being handled by robotics and IoT devices, the frontline workers can be provided with tasks that needs special attention and skills. With machines to handle the repetitive tasks, the resources needed to work has been drastically reduced and therefore cost of operations has as well reduced. Also, with alerts being given when there are variations from normal readings or data, machine downtime, repairs and travelling of experts to fix the issues has also reduced.
3. Improved Worker Safety
An IIoT operated factory or manufacturing warehouse is highly advantageous as it can ensure operational safety by providing more safe working conditions for the workforce. The smart assets can predict the occurrence of an anomaly or any other mishaps and warn beforehand thereby avoiding any chances of work crisis.
4. Reduced Human Labor
With IoT solutions, the repetitive mundane tasks can be done automatically and human resources can be allocated to more complex and creative tasks where skills and knowledge is required to perform the tasks.
IIoT is the Future of Industrial Manufacturing
IIoT is the future of manufacturing and sooner or later, organizations in this spectrum have to embrace it. The earlier you adopt, the earlier you can reap the benefits it offers. XRmeet offers augmented reality based remote collaboration and assistance that can be easily integrated into the organization’s existing platform.