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.
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.
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:
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 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.
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.
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.
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!