IoT News | Top 10 Benefits of Industrial IoT Implementation

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Arvind Rao, Director, Digital Product and Solutions Management, Rockwell Automation

By Arvind Rao, Director, Product Management and Digital Solutions, Rockwell Automation.

The rebound from declines in consumer spending to increased post-pandemic demand is catching many producers “unprepared”. The Wall Street Journal reports that while consumer spending on long-life goods increased 6.4% in the United States in 2020, production of those goods decreased 8.4%. What will come to the aid of exhausted producers in the coming months? A digital thread providing end-to-end connectivity is becoming a reality.

The interconnectivity of devices, equipment and all corresponding operations provided by the Internet of Things (IoT) is taking over manufacturing operations today and playing a transformative role in industries around the world. This is critical as our global economy faces the impending post-recession surge in consumer spending coupled with historic labor shortages.

The Industrial Internet of Things (IIoT), therefore, is the application of connected IoT in factories and process facilities that introduces a new level of efficiency, reliability and performance. It operates on the concept of feedback loops through which the heartbeats of machines, equipment and production systems continuously ebb through the complex systems and processes that produce the manufactured products. IIoT can offer manufacturers new business opportunities, cost savings and better machine monitoring and maintenance. IIoT solutions already offer endless benefits to modern manufacturers.

there Top 10 Benefits of Implementing IIoT:

1. Awareness and monitoring of the production system: At the heart of IIoT solutions is constant communication between systems and machines, which ensures optimization of throughput and identification of machine defects in real time.

2. Optimization of the production process: Sensor-enabled and IIoT managed machines and equipment can monitor conditions, equipment and workflows, such as machine performance, assembly line management, supply chain optimization, workforce safety or processes quality assurance, for optimization.

3. Predictive maintenance: More than 75% of equipment and system failures occur without warning. With IIoT, preventive maintenance incorporates analytics to predict machine failures.

4. Optimize quality: It can solve problems on the production line immediately and reduce downtime, lost productivity and product defects. IIoT equipment is programmed to monitor material quality, analyze equipment performance in real time, and measure and test finished products.

5. Inventory and supply chain management: Data, analytics, insights and contextual intelligence enable inventory systems to run smoothly, which provides more accurate estimates of available material, work in progress, and estimated time of arrival of new materials, which helps optimize the chain procurement and to reduce costs.

6. Levels of customer service and satisfaction: Sensor-equipped production and inventory systems allow customers to be informed in near real-time about the progress of their orders. Sensors offer customer usage information that can help manufacturers improve functionality, alert customers of problems and bottlenecks, and differentiate their business competitively.

7. Safety and health of workers: Smart wearables enable management to monitor the health and safety of production workers by monitoring histories of illness and injury, absences, near misses, machinery or vehicle accidents, or life-threatening events such as gas leaks.

8. Energy management and sustainability: Industrial production is responsible for consuming 54% of the world’s electricity. Manufacturers using IIoT can significantly increase energy efficiency by optimizing energy consumption.

9. Provision of services and orchestration: IIoT-enabled field service delivery is a value-based approach based on factors provided, such as timing, context, and the involvement of technical personnel for a given service activity.

10. Compliance and Performance of the Service Agreement: IIoT enables real-time data visibility so that both the original equipment manufacturer (OEM) and the user are aware of risks and problems as they arise.

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