Today, we talk about the Top 10 IIoT Benefits and the benefits of industrial IoT deployment. After the reading, you can learn the 10 IIoT Benefits.
The interconnectivity of devices, equipment, and all corresponding operations provided by the Internet of Things (IoT) is taking over today’s manufacturing business and playing a transformative role in industries around the world.
This is critical as our global economy copes with a surge in consumer spending and historic labor shortages in the wake of the coming recession.
The rebound from declining consumer spending to a post-pandemic surge in demand has caught many manufacturers off
guard. The Wall Street Journal reported that while U.S. consumer spending on durable goods increased by 6.4 percent in 2020, production of these goods fell by 8.4 percent. What’s going to help weary manufacturers in the next few months? Digital threads that provide end-to-end connectivity are becoming a reality.
Thus, the Industrial Internet of Things(IIoT) is the application of connected things in plants and process facilities that takes efficiency, reliability, and performance to a new level. It operates on the concept of feedback loops through which the heartbeat of machines, equipment, and production systems continuously flow back into the complex systems and processes that produce manufactured goods.
IIoT can provide manufacturers with new business opportunities, cost savings, and improved machine monitoring and
maintenance. IIoT solutions have provided endless benefits to modern manufacturers.
Here are the top 10 benefits of IIoT deployments.
1 of Ten IIoT benefits: Production system awareness and monitoring
At the heart of IIoT solutions is continuous communication between the system and the machine to ensure optimized throughput and real-time identification of machine defects.
2 of Ten IIoT benefits: Manufacturing process optimization
Machines and devices equipped with sensors and managed with IIoT systems can monitor conditions, equipment and workflows such as machine performance, assembly line management, supply chain optimization, workforce safety or quality assurance processes for optimization.
3 of Ten IIoT benefits: Predictive maintenance
More than 75% of equipment and system failures occur without notice. With IIoT, preventive maintenance incorporates analytics to predict machine failures.
4 of Ten IIoT benefits: Optimize quality
It immediately resolves problems on the production line, reducing downtime, lost productivity, and product defects. IIoT devices are programmed to monitor material quality, analyze equipment performance in real time, and measure and test finished products.
5 of Ten IIoT benefits: Inventory and supply chain management
Data, analytics, insights, and contextual intelligence make inventory systems work seamlessly to more accurately estimate the expected arrival of available materials, work-in-process, and new materials – which helps optimize the supply chain and cut costs.
6 of Ten IIoT benefits: Customer service levels and satisfaction
Sensor-equipped production systems and inventory give customers near real-time visibility into the progress of their orders. Sensors provide insights about customer usage that can help manufacturers improve functionality, alert customers to problems and bottlenecks, and differentiate themselves from the competition.
7 of Ten IIoT benefits: Worker safety and health
Smart wearables allow managers to monitor the health and safety of production workers by tracking the history of illnesses and injuries, absenteeism, near misses, machinery or vehicle accidents, or life-threatening events, such as gas leaks.
8 of Ten IIoT benefits: Energy management and sustainability
Industrial manufacturing consumes 54% of the world’s electricity. Manufacturers using IIoT can dramatically improve energy efficiency by optimizing energy consumption.
9 of Ten IIoT benefits: Service Provisioning and Coordination
Industrial IoT-enabled field service delivery is a value-based approach based on factors provided, such as the timing, context, and technician involvement for a given service activity.
10 of Ten IIoT benefits: Service contract compliance and performance
IIoT supports real-time data visibility, so both original equipment manufacturers (OEMs) and users can be aware of risks and issues as they arise.
Besides the Top 10 IIoT Benefits article, you may also be interested in the below articles.
Internal Antenna VS. External Antenna
LTE Vs. 5G: Is 5G Better Than LTE?
