The Industrial Internet of Things (IIoT) has proven to be a revolution across industries and manufacturing facilities. For those who have not heard of this technology before, this term was coined by industrial giant GE in late 2012 and is actually a subcategory of the Internet of Things. There is a well-constructed digital ecosystem of connected machines, equipment, and devices that communicate with one another to make the monitoring and evaluation processes easier and business owners capable of acting in new and effective ways.
The emergence of IIoT has brought along a strong focus on machine-to-machine (M2M) communication, big data, and lesser human interventions. The enablement of small as well as large scale enterprises with automation software has saved a lot of their time and money and even boosted operational efficiency and reliability to a great extent. The best part is that you can now generate real-time data from sensors and other information sources and devise appropriate strategies and business goals.
Applications of IIoT
Manufacturing is by far the largest market for the Internet of Things (IoT) and Industrial IoT. It is used for daily operations, production asset management and maintenance, and field service. IIoT also plays a commendable role in the logistics and transportation firms. IT security, communication systems, supply chain monitoring systems, and vehicle/transport tracking are few areas it has handled fantastically.
The energy and utility industry is another market of the Industrial Internet of Things. Everything that touches retail/consumer-facing aspects in oil and gas companies is taken care of digitally. Plant effectiveness, maintenance, and data-driven opportunities have increased manifold as a result of it. Healthcare, aviation, robotics, mining, and metal industries also rely on IIoT for predictive maintenance and remote monitoring.
Benefits of IIoT
IIoT has transformed every manufacturing facility and warehouse in numerous ways, some of which are mentioned below –
- Reduced Error Rate. IIoT solutions permit monitor of the supply chain and inventory in real-time at every step, irrespective of where in the world you are. It is easy to point out lags in production and increase the accuracy of tasks.
- Enhanced Industrial Safety. IIoT allows in-depth analysis of health and safety conditions in the work environment. The number of employee injuries, short- and long-term absences, and illness rates can be calculated, and any lagging numbers are taken care of instantly.
- Improved Efficiency. The more you automate the processes, the faster the jobs can be done. There is no physical burden on employees as machines carry out the bulky tasks, and because they get ample time to finish the work, there is no hassle and greater productivity.
- Increased Cost Savings. When risks and mistakes are detected way ahead of time, the chances of losses become rare. A keen eye can be kept on issues like theft, counterfeiting, diversion, and spoilage, and the storage space is optimized too. As a result, your company can enjoy more profits and fewer management costs.