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The transformative impacts of IoT on equipment manufacturing

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The transformative impacts of IoT on equipment manufacturing

It’s not a secret anymore that the Internet of Things completely revolutionized the business world. The main idea behind IoT is to connect machines and systems together through sensors and actuators to enhance human productivity and efficiency. With this significant technological shift, businesses have to adapt if they want to stay ahead. With predictions that the IoT market value will be $9 trillion by 2020, there’s no doubt that IoT will continue to have a strong impact on processes across all industries, especially manufacturing.

IoT in manufacturing

The IoT is driving extraordinary disruption in this industry which has struggled a lot recently. This technology helps to change the way products are made and delivered which makes factories more efficient. Also, this ensures better safety for human operators and saves a lot of money.

One of the numerous benefits of IoT is how it can significantly improve operating efficiencies. For instance, if a machine goes down, connected sensors can automatically pinpoint where the issue occurred and demand a service request. Moreover, IoT can help a manufacturer by predicting when a machine will break down or recognize a dangerous operating condition before it happens. That lets manufacturer limit equipment downtime and improve the safety of the process.

Numerous benefits for the industry and workers

Condition monitoring is a process of monitoring a parameter of condition in machinery to identify a change which is indicative of a developing fault. This process is usually very time intensive when people do it manually. However, by using sensors to collect and quickly analyze data points in the cloud, the whole process gets more effective and easier.

Besides saving time and money, IoT keeps workers safe. In situations where an oil well is about to reach a dangerous pressure condition, those who operate the machine will be warned before it explodes. These sensors can be used to manage and monitor locations of the workers in urgent situations such as emergencies or evacuations.

Importance of a location

One of the biggest benefits of IoT is location tracking. Workers will spend a lot of their time locating tools, equipment, and inventory but IoT will reduce that time significantly.  Each time an equipment is built, it goes onto a massive inventory lot. Finding equipment on such big lots is always time-consuming. With location-tracking sensors, the manufacturer will save both time and money.
Security is extremely important when talking about manufacturing and its facilities. Actually, it’s essential for any property, business or private. Modern railing, iron gates or fences – they all guard what is very valuable to you. In production, the estimated value of a property is usually a few million dollars. Avoiding the risk of endangering of multi-million worth facilities will save you from many potential threats.

Impact on the global scene

The IoT is expected to increase productivity and value in manufacturing significantly. That’s why China, the US, and Europe, largest manufacturers in the world, have launched initiatives to help their own sectors. There is a reason why this industry is the most affected one by IoT. It changed everything, from the processes to the worker’s habits. There are many uses cases and actual IoT deployments that offer quick return and enable manufacturers to see digital transformations from different perspectives. For instance, automation, customer-centricity, efficiency, competitive benefits are just a few of the advantages IoT offers to the manufacturing industry. According to Markets and Markets Research, the smart factory market is projected to reach more than $205 billion by 2022.

What the future holds?

If they wish to stay competitive, manufacturers will need to partner with manufacturing automation vendors and systems integrators that provide solutions to upgrade existing facilities or build everything from the start. Also, they should partner with experience integrators, developers and technology experts who are focused on connecting, securing and monetizing smart manufacturing systems. Manufacturers should take into consideration the security factor and work on ways to protect smart manufacturing systems from intrusion or error.

The possibilities are really limitless when it comes to how IoT can help manufacturers with energy and labor savings, employee safety, reducing and preventing other risks, and so much more. Undoubtedly, IoT is changing the manufacturing industry like nothing before. That’s why it’s so hard even to imagine what the future will look like. One thing is for sure – things will continue to change significantly.

I am the founder of Startup Today. I am the main writer and have put in many hours of work into creating this blog. If you want to find out more about me then lets get in contact.

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