The introduction of Industrial IoT has presented immense growth opportunities for businesses. This revolutionary technology is not making our homes smart but has also penetrated our offices, factories, warehouses, hospitals, retail stores, and transportation hubs. IoT technologies (interconnected devices) exist all around us. From smart wearable to virtual assistants, digital interconnectivity has become a common phenomenon. The application of the Internet of Things (IoT) in the industrial sector is known as Industrial IoT (IIoT). Also known as Industry 4.0, IIoT makes use of smart sensors and actuators to make manufacturing and industrial processes more efficient.
The Industrial Internet of Things (IIoT) is a part of the wider concept of the Internet of Things. IIoT has made the development of “The Smart Factory” a reality. It involves the use of intelligent machines in the industrial setting to transform the way businesses operate, communicate, and utilize data. IIoT allows creating a network of communication between machines to digitize industries. Creating a network of machine communication allows collecting, processing, and analyzing data that help in making right and timely business decisions. However, IIoT is still a new concept and not many enterprises know the amazing benefits it has to offer. So, let’s take a look at the top benefits of IIoT to know more about this revolutionary technology.
IIoT allows automating the industries that help in optimizing their operating efficiency. As compared to manual work that is prone to human error, robotics and automated machinery help in avoiding errors and boosting productivity. Automated machinery can work more efficiently and accurately that offers benefits such as less wastage, lower costs, better quality, and higher sales. Moreover, connecting machines to software via sensors allows businesses to monitor performance from anywhere and improve operating efficiencies.
All industries depend on several machines and any issue with the machinery could lead to significant downtime. This problem of downtime can be significantly reduced with the help of IIoT solutions. Sensors provide real-time data that helps in understanding the maintenance needs at an exact moment. Plant and factory managers no longer need to do the guesswork because the machines send accurate data that helps in taking timely action before a problem gets worse. For instance, installing IoT sensors in machines will help in monitoring key factors like machine temperature, vibrations, and other issues that might need immediate attention. The data collected from machines helps in preventing any potential issues. Besides avoiding costly downtime, it also helps in ensuring that machines are operating at maximum efficiency.
Quick & Informed Decisions
Industrial IoT allows organizations to automate nearly every machine and aspect of their business. It reduces dependence on the manual process that helps in eliminating errors and provides real-time, accurate IoT data. Instead of assuming that every piece of equipment is performing optimally, managers can analyze the collected data to identify hidden defects and unutilized capacities. This helps in making more informed and quick business decisions that boost operational efficiency. Taking the right decision at the right time helps in reducing costly downtime, improve product quality, and maximize efficiencies. All this helps in reducing operational costs and increasing profit.
Automating manufacturing industries and plants also helps in ensuring a safer workplace. IIoT sensors can be used to monitor the workplace and employees to ensure that optimal working conditions are being maintained. Some industries also provide smart wearables to their workers to monitor their health conditions.