What is the Industrial Internet of Things (IIoT)?
The Industrial Internet of Things (IIoT) refers to how industrial workplaces connect to the internet. In manufacturing, the use of IIoT goes beyond human capabilities to enhance operations. For example, a smart device can give location updates of assets in a warehouse instead of a worker manually doing so.
IIoT brings value by utilizing automation to enhance efficiency. The Industrial Internet of Things has revolutionized business processes. The fourth industrial revolution is here, and business needs to move into using the Internet of things to communicate and enhance how an organization operates. Better efficiency, maintenance, and data collection will be available to a company that uses IIoT. IIoT helps with strategic projects such as understanding trends, managing plant expenses, increasing automation, and better customer relationships.
How Does IIoT Help Companies Understand Trends
First of all, an initiative for an organization in the manufacturing industry would be to understand trends in the business through better data storage. Technology, like sensors, can be used to collect data. IIoT can centralize data in one cloud-storage system. With centralized data, the organization has access to real-time data and can make decisions faster. The ability to understand trends in manufacturing can cut down on unnecessary work and steps in the operations process. As tasks become automated, the business will see improvements in the bottom line.
The ability to understand data can lead to a competitive advantage. IIoT can improve the analytics and understanding of data in the company. These changes will cut unnecessary costs and improve the bottom line.
Two Ways IIot Helps Manage Plant Expenses
Managing plant expenses is another strategic project that IIot technology can solve. A smart manufacturing facility can cut downtime and save a company millions of dollars. When a machine fails, the time spent repairing it costs companies thousands of dollars. A predictive maintenance system can alert the manager when a machine needs repair.
Another example of how IIoT manages plant expenses is utilizing IoT lighting within a factory. Smart lighting can automatically turn off the lights when a building is vacant. This technology cuts energy consumption and can save money for the organization.
How IIoT Increases Automation?
Next, if a manufacturing organization seeks to increase automation, IIoT and the technology of Industrial 4.0 can make this possible. Automation can benefit an organization by enhancing productivity, making tasks quicker, and cutting costs. For example, data in a smart factory can be stored in one cloud system and automatically connect various devices and collect analytics.
A company such as a car manufacturer can use a single robot to do more work than several employees and machines. This automation does not mean human employees are not needed. They help with vital roles that can improve the company brand. That said employees will also monitor the IIoT technology and ensure everything is working.
How Does IIoT Improve Customer Relationships
Lastly, IIoT can enhance its relationship with customers. With supply chain issues and shortages of various products, relationships with suppliers and customers greatly depend on how efficiently a company can manufacture a product. When automation increases, faster production processes lead to timelier delivery of products. When there is a good relationship between a company and its customers, profit will increase. Overall, IIoT can change operations internally and lead to beneficial results.
Overall, the Industrial Internet of Things can provide various benefits and allow manufacturing companies to achieve initiatives. Link Labs plays an important role in the world of IoT. With technology like the AirFinder Onsite, there can be a peace of mind when tracking assets inside a warehouse. Click here to book and demo and learn more about various products that Link Labs offers.