Branding number of accident-free days in a manufacturing unit are the things of the past. Those signboards which display the standard of safety followed in the workplace will not be seen in the coming days.
Evolution of Industrial Internet of things (IIoT) is bringing transformation to the workplace. The next industrial revolution may forever change the complete style of working and our approach towards work. IIoT may boost the productivity, cut expenses and strengthen the safety and security significantly.
IIoT provides a new way of managing industrial production. Connecting machinery and warehousing systems can create smart production systems that automatically communicates and control each other without any manual interference.
The invention of wearable technologies like Google Glass had led to the imagination of the future technology. It is predicted that IIoT may use similar technology and devices to help management understand real-time work environment and the actual working condition of their workforce. The high-end wearable devices to check heart rate and skin temperature are already available. In a workplace network, these figures will be monitored in real-time. It is expected that before the end of 2016, the technology to measure the human stress and fatigue will also be invented.
It's not only the humans who will be evaluating the data on the real-time basis but the same will be used for industry purpose. The working machinery will be programmed in such a way that if you fail to follow the procedure it will shut down the manufacturing line to avoid any probable accident. Businesses have gained by applying the Industrial Internet of Things to reduce operational cost, increase productivity or improve worker safety.
The American Society for Quality (ASQ) surveyed manufacturing companies that have undergone digitization in their processes and found astounding results:
- 82% improved efficiency
- 49% experienced fewer manufacturing defects
- 45% observed increase in customer satisfaction
Key Benefits of the Industrial Internet of Things
Predictive maintenance
Presently most of the manufacturing industries are using traditional maintenance approaches. Maintenance is done either on scheduled time or after the breakdown of manufacturing equipment. IIoT allows you to predict the breakdown by applying sensors to manufacturing equipment and aligning those sensors with software allows companies to predict equipment failure time. This allows them to fix the problem before it worsens and converts to a major breakdown.
Enhanced revenues
Automation of the manufacturing process would lead to improved efficiency. Improving efficiency and adopting new innovative solutions are as important as revenue made by them. Many organizations are at the initial stage of implementing the Industrial Internet of Things, but the time to reap the benefits is around the corner.
Incremental Growth
In the present scenario, not all the organizations are seeing the benefits from Industrial Internet of things. There are many organizations that cannot afford to invest in new IIOT services. Competition is likely to heat up as the bigger players start investing and may force the other emerging players to enter the game.
Global spending for the IIoT is expected to hit $500 billion by 2020. Gartner Says "Internet of Things devices is poised to explode and will reach nearly 21 billion connected devices by 2020". It won't be long before many companies in the sector start diving in.
To learn more on how IIoT can help your organization reap benefits from the latest technology, contact experts at IOTAP.