Real-time data delivers real-time benefits

Al Sisto

Blog by: Al Sisto - 4 / Feb / 2022

What could you do with precise, down-to-the-minute data across your organisation? The proliferation of the internet of things (IoT) is proving that real-time data delivers real-time benefits. So, if you’re considering an IoT rollout in your company, here’s what you can expect it to do for you:

Uses human resources more efficiently

IoT allows machines to take over some of the repetitive decisions that humans used to make. Not only can machine learning automate these low-skilled tasks, but they free up your skilled technicians for other, more valuable work on-site. This can lead to improved feelings of job satisfaction and better retention rates amongst employees.

Creates new job roles

Have you heard of the ADX Engineer? It’s a new position that only reached widespread awareness in 2019. The role requires someone with experience, and a very good understanding of both IT and OT processes, as well as the requirements and challenges and to solve these using the IIoT. Hiring an Automation and Data Exchange Engineer and integrating them across departments will speed the adoption and boost returns in your new IoT investment.

Monitor to prevent downtime

With real-time data, you’re always looking at the complete picture of your industrial ecosystem. That means AI is making choices about supplier routing, shipping, components and more based on the most up-to-date circumstances. The result of these nimble changes is less downtime and higher levels of customer satisfaction.

Optimise preventative maintenance

In addition to routing for agile production changes in real-time, machine learning can help you prioritise repairs too. With accurate data feeds, automated processes can monitor the condition of every part, machine, and asset. If anything is beginning to fail, it can be swapped out and queued for repair before it becomes a critical issue.

Enable deeper quality assurance

Konektio reports, “With an industrial IoT platform, real-time views into metrics of all kinds can be embedded into the production process. These detailed looks into performance across the enterprise enable new levels of quality checks and corrections—without slowing down production.” And that means a greater chance of repeat business due to higher levels of perceived value.

Smart shipping & transit

Not only can real-time data help you route your products in the most effective ways, but it can also interact with smart transit and smart grids to improve environmental sustainability. By reacting to changes in traffic patterns, weather conditions and available fuel sources; IoT can help industrial operations keep to their green commitments.

Reduce losses

According to MiBiz, “Using radio-frequency identification (RFID tagging), the IIoT makes it effortless to track moveable assets. This is especially helpful in managing data like location and status to improve productivity. Real-time visibility to returnable containers and other assets reduces loss, pilfering and costly down-time.” And this helps you to reduce operating costs and improve machine utilisation overall.

 

Topics: IoT, IIoT, analytics

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