With digitalization, the manufacturing industry has witnessed an unmitigated reformation, becoming the market space where most of the Industrial IoT (IIoT) projects are materialized, and a market where major IIoT investments are made. IoT is the principal constituent of the most recent industrial transformation, crowning the manufacturing industry the leader amongst the others.
The following pointers will help you comprehend exactly why this shift has occurred and why IoT devices still continues to have a strong hold over the manufacturing processes.
- Economical Advantages
Developing an IIoT system can be synonymous with reduced costs and an improvement in the quality of products, which sums up to a competitive advantage, be it a small-scale business, or one on a globalized scale. The primordial enabler of this advantage is the automation of event detection and processing. It also advances an accelerated management as it employs condition-based maintenance alerts. IoT sensors administer machines and, in the case of any discrepancy, send an alert to the corresponding staff. Open Automation Software (OAS), for instance, guarantees a minimized initial cost and further savings through their IoT technological solutions.
- Digitized Factory
Machinery powered by IoT enabled machinery possesses the ability to disseminate operational information to the original equipment manufacturers and to field engineers. This helps operational managers and factory heads to remotely access the factory equipment and benefit from the automated and optimized machinery. Coupled with this is the advantage of upgraded line of command and an easier identification of key result areas (KRAs) for the managerial staff. It also expedites production flow monitoring, right from the initial phases to that of the packaging phase. This in turn helps in operational procedure for a better control over the operational cost.
- Consumer Data Assessment
Several businesses are now initiating IoT devices to collect and investigate into consumer preferences for the purpose of personalization. It breaks away from the mold of “one size fits all” and focuses on the customized products at a reasonable price quote.
- Reduced risks
IoT systems are also being implemented in the work space to mitigate risks and give a boost to security. With such a system in place, one can receive data about internal security, worker safety and productivity. In fact, it has been proven that IoT-linked systems augmented workers safety and opened up a better line of communication of data between workers and managers. The amount of workplace injuries, illness, absences and property damage plummeted in the daily operations due to the integrated IoT systems.
- Superior Product Quality
Perhaps the greatest achievement of using IoT systems to automated process is the quality control. IoT sensors have the capacity to assess the quality of a product in every step of its production, and can send an alert to the quality control staff if and when there is a discrepancy in the desired and the actual product standard. This also leads to a reduced number of defective or substandard products, consequently reducing the capital spent on lawsuits and product recalls.