What is Industrial IoT?
Most of us know about the Internet of Things (IoT) by now on the initial stage. We are referring to smart technology like fitness trackers, smart cars, and security cameras at your home which can be monitored on your phones.
Now, Industrial internet of things or the Industrial Internet of Things is the subclass of IoT, which includes the use of automated, interlinked sensors, devices, and equipment to perform operational tasks at the industrial scale with more efficiency and take businesses into the future of Industrial internet of things.
Its main focus is on machine-to-machine communication along with machine learning and big data, allowing the organizations to get access to various data and get insight faster. The Industrial internet of things houses a wide range of industrial applications, starting from AR devices to collaborative robots, tracking inventory, and maintenance predictions.
The current state of Industrial internet of things
The current Industrial internet of things state shows that we are on the edge of widespread of Industrial internet of things adoption. The linked systems are moving further than the sci-fi things, becoming a highlighted part of the industrial aspects, and organizations will have to focus on it quickly.
Industrial internet of things is taking up space in the industrial environment, making operations fast, utilizing the resources, managing inventory, and much more with the help of sensors and smart devices. With all the stuff, Industry 4.0 is providing new Industrial internet of things opportunities for data collecting at a larger scale.
As many organizations are focusing on manufacturing, utilities, energy, and aerospace, the IoT is being praised by many for wireless technology and sensors. It is becoming clearer that the future of IIoT promises analytics at a wide scale.
This new wave of IoT software advanced analytics is dividing the data and providing real-time data from all linked devices. Now the leaders can watch the data from every department of the industry and see their performance by using the IIoT.
How Industrial internet of things Works With Other Emerging Technologies
The future of IIoT or Industrial Internet of Things is coupled closely with the trends called Industry 4.0 or 4th Industrial Revolution. Industry 1.0 started in the 1700s as the industries started using power or steam-based machines for manufacturing. From the start of the 20th century, Industry 2.0 began in which electricity and assembly lines were introduced. In Industry 3.0, the use of computers was brought to the manufacturing industry.
Industry 4.0 introduced the use of the linked devices, Industrial internet of things devices, to the industry. Going forwards, the Industrial internet of things is going to play an important role in the digital transforming organizations. It is an attempt to make their production lines and supply chains more digitized. Big data analytics are going to evolve the data in Industrial internet of things. It will help organizations to make the detection of changing conditions possible in real-time, allowing them to respond quickly.
However, the Industrial internet of things devices have been in the industry for many years, and the world is still at the initial adopting stage. It will surely change soon as 5G is becoming prevalent rapidly, and many industries have started to realize the use and benefits of Industrial internet of things in their businesses.
The Internet of Things in Manufacturing
In industries where time is equal to money, the Industrial Internet of Things is providing various opportunities to grow and streamline the processes while maximizing the manufacturing the production yields. It takes the labor work out of the manufacturing and transforms the traditional face of the factory.
There are many ways for using this potential in the manufacturing industry, by attaching the sensors to the monitor to increase the capabilities of the machine or by generating the performance report easily to get great visibility. Here are a few ways through which IIoT is being used in manufacturing:
- Intelligent Machinery Creation: As we know that smart TV has revolutionized the traditional TV, IoT sensors are upgrading the traditional machinery and increasing the production performance of the machines. It makes the tracking detection delay easy and minimizes the risk factors while improving production.
- Improved Data Collection and Analysis of Data: Industrial internet of things supports the easy capture of critical business data and analyzes it, like the productivity or waste performance, business informed decisions made by the manufacturers, cost reduction, work safety improvement, and reduction of energy consumption and costs.
- Efficient Management of Resources: Industrial internet of things provides greater visibility of machine performance. It allows the users and manufacturers to take notes and create actions that can help with the improvement of worker safety and performance while reducing the costs and energy consumption.
Benefits of Industrial internet of things and Impact on Manufacturing
Industrial internet of things has been providing many benefits to the industries, and the Industrial revolution of Industrial internet of things or Industrial Internet of Things is allowing the manufacturers to take immediate actions and get significant benefits. Following are the main benefits provided by the Industrial Internet of Things.
- Setting and Measuring the Key Performance Indicators or KPIs
- Quick Responding to the Issues
- Planned Workflows and Improved Processes
- Quality Improvement
- Less Need of Resources
- Inventory Management Improvement
- Cutting Cost of Maintenance by using Predictive Maintenance (PdM)
- Employee Motivation Improvement
- Employee Retention
The Future of the IIoT or Internet of Things in Industrial Manufacturing
With the information mentioned above, your next question must be what does the Industrial Internet of Things hold for various organizations in the future? While no one can give an accurate answer to that question, the industrial predictions are positive about it.
In 2016, 6.4 billion connected things were available. It grew by 31%, making it a total of 8.4 billion by the end of 2017, which was more than the world population. This figure will reach 20.4 billion by the year 2020. It is predicted that the worth of IIoT will be more than double the consumers on the internet, making it $11.1 trillion annually by 2025.
The growth is beneficial for the manufacturers; those businesses that use the power of IIoT will be 10% more in profit than those that don’t. An estimated 60% of the worldwide industries had captured and analyzed the data using linked devices by the end of 2017. It improved the productivity by 15% for the manufacturers. These advantages cannot be ignored when the market is becoming increasingly competitive.
However, the adoption of more processes and new technology has continued and naturally brought more security concerns. The process of security concerns is real and will remain, but it is nothing to really worry about.
How Businesses are Supposed to Prepare for the Future of Industrial internet of things?
While your business prepares to welcome Industrial internet of things technologies in or to improve and revolutionize the existing solutions, you need to consider the objectives of your business, the readiness of your company, the capabilities it has at the moment, and the things that you will need to add to take your system into the future of Industrial internet of things
You will need help to list down all the things, and the expert consultants of IOT at the 3STechLabs can help you to develop a strategy for future of Industrial internet of things that will revolve around your target goals. All great projects start with conversations; it will allow the 3STechLabs to know about you and your business while letting the experts understand your problems and find the Industrial internet of things applications to address those issues. From there, you can discuss the systems that you use, processes, and all the required details you need, and plan your path to transformation with us.