Five key benefits of IIoT

Al Sisto

Blog by: Al Sisto - 5 / Nov / 2021

Industrial IoT (IIoT) is the continuing buzzword of clued-in management and consultants alike. Any expert tech partner will encourage your operation to seriously consider the efficiency gains to be had with the industrial internet of things (IoT) devices on offer in the market today. But if you’re still on the fence, here are the five key benefits of IoT in industrial settings.

The foundation of industry 4.0

According to Hitachi, “[organizations] must include four primary pillars to be considered a fully IIoT-enabled operation:

  • Smart machines equipped with sensors and software that can track and log data.
  • Robust cloud computer systems that can store and process the data.
  • Advanced data analytics systems that make sense of and leverage data collected from systems, informing manufacturing improvements and operations.
  • Valued employees, who put these insights to work and ensure proper manufacturing function.”

When all these things are in play, the operator is considered part of industry 4.0 and benefits from the following efficiencies:

1.   Predictive maintenance (PdM)

When you have sensors and monitors looking after your equipment 24/7, you’ve got a lot more advance warning before something wears out. According to IPS, “Predictive Maintenance initiatives saved organizations $17B in 2018. The market for Predictive Maintenance solutions in 2018 has reached $3.3B and is forecasted to grow at 39% to $23.5B by 2024.” These sensors can then look after the usage and condition-based wear on your equipment to advise when maintenance is needed.

2.   Reduce asset downtime

When you’re keeping an eye on the maintenance needs, you shouldn’t have unplanned outages. This will help you anticipate failure but also downtime. The goal of any industrial operation is to utilise all assets as close to 100% as possible. Smart monitoring and routing devices can help you do this by optimising your workflow. You’ll find it easier to identify and cut out bottlenecks through automated monitoring.

3.   Prevent accidents

According to IoT News, “At the core of IIoT solutions is constant communication between systems and machines, which ensures throughput is [optimised and] machine defects are identified in real-time.” If you notice a fatal error, employees can be safely moved from the area while repair crews react. This reduces the risk of serious injury.

4.   Ensure quality

IIoT devices are much better than the human eye at identifying faults. Machines don’t get tired, blink or become distracted. And they love repetitive tasks. From the input of materials to the final product, an IIoT-connected manufacturing centre produces consistently better quality goods.

5.   Data-based decisions

Not only can IIoT enable remote access to monitor systems 24/7, but management can now make decisions with all the data they need in real-time. This removes the uncertainty around anecdotal reporting and delayed analysis. IIoT enables robust and business-focused analytics in as much detail as the stakeholders require.

And that’s not all of the benefits manufacturers and industrial sites can realise from a comprehensive IIoT deployment. Get talking with your senior management team today about what IIoT would do for your operation in real, goal-focused terms.

 

Topics: IoT, IIoT, edge computing

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