As the Internet of Things (IoT)—the internet working of physical items embedded with the software and connectivity that allows these objects to collect and exchange data. This resulted in creation of fourth industrial revolution; smart manufacturing is making waves across all industries. Manufacturing is a buzz word again, undergoing the industry’s greatest change in more than 100 years. Domestic jobs have evaporated from many countries with globalization and automation threatens to replace more workers every day.
More than ever before, smart manufacturing has the potential to arm factory operators with data, to optimize plants, and to control inventory with disruptive global technologies that will create new levels of productivity.
Also See: HOW THE IT TRENDS ARE CHANGING EVERYTHING IN THE MANUFACTURING INDUSTRY
RISING OF SMART MANUFACTURING WITH INDUSTRIAL INTERNET OF THINGS
The global industrial sector is poised to undergo a fundamental structural change akin to the industrial revolution as we usher in the IoT. Equipment is becoming more digitized and more connected, establishing networks between machines, humans, and the Internet, leading to the creation of new ecosystems that enable higher productivity, better energy efficiency, and higher profitability.
Many start-ups in the Industrial IoT for smart manufacturing turning into smart factories are gaining the momentum. The aim of these manufacturing Industrial IoT start-ups is to help reduce their unpredictable downtime to increase operational efficiency by analyzing the data collated from operators and machines in real-time using the devices and sensors. Another objective is to increasingly use more of interconnected devices to improve their industrial performances.
WHY INDUSTRIAL IOT AUTOMATION TECHNOLOGIES REQUIRED?
- OutSmart Competitors
The Industrial Internet of Things is dynamically changing the manufacturing to a landscape of the smart and intelligent platform. It has become a significant development for every business involved in manufacturing to beat the competition. There is a need for manufacturers to understand the immense potentiality of Industrial IoT and its adoption swiftly. They can derive value from Industrial IoT automation technologies and its open standards in their transformation to become smart manufacturers.
- Improve Efficiency
Manufacturers can benefit from the highly responsive infrastructure of smart connected devices and sensors that can automate their data-driven decisions to improve manufacturing efficiency. They can experience improvement in cybersecurity, efficiency in better safety management, profitability and workforce and machinery performance. They can also experience downtime in manufacturing, product customization, and greater business systems.
- Predictive Analysis
Industrial IoT with inbuilt sensors and devices can predict the possibility of when equipment fails to give a chance beforehand to fix when the problem is small to avoid the occurrence of the bigger problem. Thus, the predictive maintenance becomes in thing to reckon with Industrial IoT.
- Gathers Real Time Data
The business can use these connected devices and sensors to track data in real-time, and add new solutions in the process of manufacturing that help improve revenue generation.
DYNAMIC CHALLENGES IN IMPLEMENTING INDUSTRIAL IOT
- Lapses In Communication
Receiving the timely message from the connected device, and the time it takes to traverse the message is critical in handling the machinery. The devices may be located miles apart from the asset sometimes, in which case, the communication with them is most crucial in utilizing the Industrial IoT potential. Therefore, the smart manufacturing needs to build their Industrial IoT platform with flexible hardware and software capable of adapting to the changing Industrial IoT technological developments.
- Sophisticated Operation
IT departments can face many challenges too in managing the complexity of a new system switching to tune with any number of connected devices and with their timely checks. The potential threats for Industrial IoT can be tackled with implementing a solution for IT monitoring of the company’s whole IT and machine created data. The Industrial IoT needs IT monitoring support standards across the network of many sites spread at different places, integration interfaces for different production systems, monitoring user-friendly data with notifications and dashboards, and reporting and extensive alarm and trigger systems.
With all the ifs and buts, Industrial IoT success, however, depends on the fully functional and dependable network it can create. It as “beautiful, desirable and investable” and considered industrial productivity improving just by 1% has potential to add about $10-$15 trillion to worldwide GDP during the next fifteen years.