The Internet of Things and the future of manufacturing
The Internet of Things (IoT) is changing business models, increasing outputs and automating processes across a number of industries. One sector that the Internet of Things technology revolution has greatly impacted is the manufacturing industry.
Manufacturers across all areas have invested heavily in IoT devices and they are already seeing benefits at this early stage of the Internet of Things Life Cycle. Most companies realise that making processes more efficient needs to play a key role in business strategy and by harnessing IoT sensors and analytics, processes can be automated which will ultimately increase productivity.
What is Smart Manufacturing?
So, what is Smart Manufacturing? In short, Smart Manufacturing is the use of IoT devices to improve the efficiency and productivity of manufacturing operations. Typically, this involves fitting sensors to existing machines that will gather real time data and analytics to make better and more informed decisions.
Benefits of implementing IoT applications to factories
Manufacturers are converging a new breed of standard network architecture with "smart manufacturing systems" to connect formerly distinct production and business domains. The result is referred to as "Industry 4.0" in which Internet-based manufacturing networks are uniting the factory floor with enterprise-based systems and decision makers. There are many benefits of implementing IoT devices in factories such as:
Next Generation Operational Intelligence
By collecting data from various machines, this enables companies to gain a 360-degree view of their operations including drill-down into correlated data to find the root cause of problems and to ultimately reduce operational down time.
Real time, continuous visibility into location and status of fixed and moving assets within the company such as tools or stock in transit.
Removing the complexity once associated with executing advanced and predictive analytics to automatically deliver proactive information to decision makers to improve quality and performance of complex manufacturing processes and transform asset break/fix maintenance processes into predictive maintenance before failure occurs.
The Future of Manufacturing
Manufacturing is an essential part of business and transcends into other marketplaces such as retail and healthcare etc. In this new digital age, the consumer is looking directly to the manufacturer for new technologies to enable management of the supply chain and to ensure the supply chain is efficient and cost effective.
By 2020, it is estimated that 50 billion connected devices will be in use worldwide, meaning that manufacturers will have to keep pace with the ‘on demand’ consumer. This focus for change must adopt new business models and technologies such as the Internet of Things and Industry 4.0 to facilitate convergence of the physical with digital manufacturing, enabling businesses to increase traceability, accountability and quality assurance.
How Pinacl can help?
Pinacl is working more closely with developers, land owners and leaseholders to help understand and raise awareness of the available technologies and applications available to succeed in the 21st century and embrace innovative technologies. Pinacl can help with awareness and understanding of the technologies available, how to take advantage of any existing infrastructure and in guiding you through these increasingly complex areas, to build and manage a more effective Intelligent Manufacturing plants.
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