Everyone is using some form of IoT whether or not they realize it. From playing music from your phone to a Bluetooth speaker to utilizing connected devices in the workplace, IoT has a major impact on daily life. In the workplace, IIoT, or Industrial Internet of Things, is driving significant improvements in productivity and efficiency.

What is IoT and IIoT?

Internet of Things (IoT) technology includes a network of physical objects with embedded sensors to quickly exchange data. At the commercial level, IoT is known as the Industrial Internet of Things (IIoT). IIoT has greatly improved manufacturing and logistics processes.

The Industrial Internet of Things (IIoT) includes solutions such as asset tracking and monitoring to help simplify the way commercial industries conduct daily processesHow Does IIoT Work?

Devices with IIoT technology embedded in them perform various functions. Nearly everyone is familiar with IoT technology, but not everyone understands its use at a commercial level. IIoT helps with:

  • Supply Chain Management: Supply chain management reduces costs, saves time, reduces losses, and increases transparency.
  • Smart Factories: The implementation of IIoT in factories has automated workflows during the production process.
  • Equipment and Tool Tracking: Through a network of connected hardware and software, IIoT asset tracking solutions can help companies quickly locate equipment in real time.

Who Can Benefit from Using IIoT?

Manufacturing

Manufacturing companies have been implementing IIoT systems to improve productivity, reduce costs, reduce the number of lost assets, and simplify reporting and analytics. An IIoT asset tracking system provides real-time location and condition of your tools, equipment, and other valuable assets. Seeing the location and condition in real-time helps you stay ahead of competitors. Improving workflow efficiencies and increasing transparency will improve your company image among your customers and prospects.

Logistics

Logistics companies can gain benefit from the use of an IIoT asset tracking solution. Monitoring your supply chain can be difficult without the assistance of IIoT technology. An asset tracking system can help users to visualize remote assets whether indoors, outdoors, or on-the-road. The main purpose of logistics is to get resources to their final destination on time. Things can unintentionally get lost in transport, and unforeseen delays occur as a result. An asset tracking and monitoring solution will help you better prepare for the unexpected. 

Healthcare

Hospitals have invested in asset tracking systems to help them with healthcare equipment tracking and compliance regulations. Hospitals can better manage their equipment and time more productively. Knowing how much equipment you have, compared to how much you’re using, can allow healthcare systems to make better decisions regarding inventory. Also, knowing the location of equipment can give employees time to quickly provide patient care. Digital “trails” of equipment usage can help to ensure compliance regulations are met.

Why Use IIoT Asset Tracking and Monitoring Technology?

Using IIoT to help with asset tracking and monitoring provides an immediate ROI. Easing and improving processes is one of the biggest benefits companies see after investing while saving time and money on replacing and searching for mission-critical equipment. Greater visibility leads to less lost or misplaced equipment. The most important question you might have is, “Is it worth the investment?” And the answer is yes! You’re able to save money on replacement costs and improve overall efficiencies that enable a significant ROI impact.

What is Link Labs Role in IIoT?

Link Labs has seen the impact IIoT has on companies across all industries. That’s why Link Labs’ has created an IIoT asset tracking and monitoring solution, AirFinder, to help companies. AirFinder can seamlessly track and monitor assets, equipment, personnel and more indoors, outdoors, and everywhere in between. To learn about what Link Labs offers, book a demo with one of our experts today!

Jennifer Halstead

Written by Jennifer Halstead

Jennifer Halstead, MBA, CPA brings more than 20 years financial industry experience to Link Labs. She began her career in finance within the pharmaceutical industry and has continued in both public accounting and private companies. She passed the CPA exam with the 3rd highest score in the state and completed her MBA with an accounting concentration (summa cum laude). Jennifer has worked with several software companies and has led multiple venture financing, merger and acquisitions deals. She has helped companies expand internationally and has managed the finance department of a startup to 33 consecutive quarters of growth prior to acquisition. After the acquisition, she served as the Controller of Dell Software Group’s Data Protection Division where she managed a portfolio of multiple hardware and software products to scale and achieve over triple-digit growth worldwide in 18 months. Jennifer brings a depth of finance experience to the Link Labs team.

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