How Enterprises Are Adopting IoT Technology In Manufacturing Industry

Global industry leaders are investing in Internet of Things (IoT) Technology to seize new opportunities and the manufacturing sector is leading in leveraging this technology. It has the potential to increase business value while enabling all scales of manufacturers to adopt digital transformation in various business aspects including production visibility, process automation, and customer service. With manufacturing business challenges like abrupt outbreaks, disasters, and machine failure, manufacturers are looking for ways to integrate IoT with their business processes and stay competitive with better strategies that result in high business growth.

The combination of emerging technologies like data analysis and artificial intelligence with IoT, and a proliferation of smart devices are making IoT technology more advanced, easier to implement, and more widely available. The IoT in manufacturing industry also known as Industrial Internet of Things (IIoT) has vast implications on manufacturing operations ranging from production to customers. Worldwide manufacturers are investing in IoT technology to collect and analyze critical business data gathered from various sources such as customers, production, and supply chain. As a result, it helps them in optimizing the efficiency of their manufacturing operations and enhancing functionality of products.

IoT platform is created to seamlessly connect numerous devices and gain insights from the collected data to make better business decisions. IoT solution providers such as Eastern Software Systems provide applications that are customized for various industries and offer benefits like increased ROI, reduced downtime, and better customers’ experience.

Advantages of adopting IoT technology in the manufacturing and related industries

In manufacturing and related industries, personnel like engineers, production workers, and supervisors can easily gain visibility into production and detect problems before it occurs. It further enables them in strengthening operational functions. Let’s look at some key advantages IoT offers for the manufacturing and related industries:

• Better inventory and supply chain management
• Production visibility
• Real-time updates and notifications
• Reduce asset maintenance cost
• Asset tracking
• Minimize machine downtime

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IoT Applications in the Manufacturing Sector

Predictive Maintenance

IoT technology is equipped with advanced analytics to provide actionable insights about asset maintenance. It extracts data from the assets to gain valuable information about their health and performance. This way, predictive maintenance alerts the problem in advance and prevents machine failure in the manufacturing sector.

Anticipating New Market

Data plays a crucial role in evaluating consumer patterns and providing information about the usage of produced products. It further helps the manufacturers to strategize and anticipate the required customization in the product's design. Thus, with the help of IoT technology, it is easier for manufacturers to predict the requirements and reach new markets.

Remote Asset Monitoring

Fully equipped with large machines and connected workflows are the integral parts of a manufacturing facility. IoT-powered solutions like remote asset monitoring empower manufacturers to calculate the working efficiency of their assets and reduce human intervention. It allows the production managers to make the right decisions and take required actions to improve productivity.

Digital Twin

The digital twin is a virtual representation of a physical asset or a process. It is emerging as a powerful use case for manufacturing IoT. It can even include a 3D representation of all of the physical assets, operational systems, and structures within an entire facility. It helps manufacturers test changes and simulates the impact without actually rolling out any physical changes.

The Enterprise IoT helps manufacturing industrialists maximize productivity through maintaining production uptime, reducing maintenance costs, and eliminating waste. Leveraging IoT data, manufacturers get a better understanding of the manufacturing and supply chain processes, improve demand forecasting, and enhance customer experience. However, considering the scale and the complexity of the manufacturing IoT implementation, successful IoT adoption requires the right IoT platform and technology partner.

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