The use of Industrial IoT continues to grow across all industries. From manufacturing plants to warehouses, it is helping with cost-cutting and reduced downtime everywhere. An immense improvement is being witnessed in the performance of the equipment and resolving complex problems, along with full-proof worker safety with IIoT integration into daily processes.
Embracing IoT solutions such as Cloud-Computing, Big-Data Analytics, AI, Augmented Reality, Robotics, and Cyber-Physical Systems (CPS) in the industries have helped create a collaborative environment with high productivity levels and reduced costs. Businesses that have integrated IIoT within their systems have already seen a healthy return on investment due to it.
Surprisingly, despite favorable outcomes, many industrial decision-makers are still hesitant to use IIoT and in the future. If you belong to that lot of people, reading this post might help you understand the full potential of IIoT and how it can help optimize the cost for your manufacturing plants. Keep reading.
Any sort of bottlenecks can hamper the overall production capacity of your facility. However, it is not always evident where these actually sit and to what degree they can impact the manufacturing processes.
Only IIoT can pinpoint the low-performing assets and areas to help overcome them. With accurate, current information and clear historical data, you can look out for the lacks and determine steps to get the highest payoff.
Industries using IoT are better able to keep track of their assets’ status and efficiency. Whether it is handheld devices, raw goods, or expensive tools, you can implement predictive maintenance for them and save thousands of dollars lost due to downtime with IIoT.
The smart sensors can monitor and transmit the real-time status of your assets 24×7. So, you can tap its location and overall condition. For instance, in the shipping industry, you can place IoT sensors on ships and on each container being transported to ensure no harm is done to the goods inside.
The use of IIoT allows access to the real-time data of material available in the facility, work-in-progress, and estimated timeline of new products arriving. It enables manufacturers to deal with varying demand levels and optimizing supply rates.
A great example of this is Amazon that manages millions of stock-keeping units at any given time. The IoT-enabled robots do all the legwork across the massive fulfilment centres with efficiency and reduced operational expenses.
IIoT technology eases the generation and collection of product data at different stages of the product cycle. You can detect low-quality raw materials, the impact of transportation, and the role the environment plays on them.
With IIoT, you can monitor the surroundings and get the temperature automatically adjusted. So, you find and fix the deviations as they happen, thereby maintaining strict control over the quality of your products and optimizing your costs.
Saves Energy and Environment
Temperature, moisture levels, and other climatic factors play a significant role in your raw materials and finished goods storage. But, a mal-adjusted thermostat can create troubles. You may not be able to maintain a suitable environment and struggle with high energy costs.
IIoT comes as a saviour and provides valuable data to measure your facility’s energy consumption and cut back on it. Manufacturers using IIoT have reported a 20-30% reduction in utility bills. You can surf IIoT products for your facility here.