Internet of Things: Transforming the Industry

Its not just limited to smart phones anymore. Smart things have reached the masses. Products with wireless connectivity (from lightbulbs to thermostats to smart speakers) are more present in people’s homes today than not. A report suggests that 79% of U.S. consumers have at least one connected device at home.

But this technology actually has its roots in a world that predates the rise of remote control gadgets: industrial manufacturing.The (Industrial) Internet of Things takes networked sensors and intelligent devices and puts those technologies to use directly on the manufacturing floor, collecting data to drive artificial intelligence and predictive analytics. The IOT is driving an industry that has struggled in recent years due to talent shortages, and this offers hope for the industry’s future. It can transform traditional, linear manufacturing supply chains into dynamic, interconnected systems—a digital supply network (DSN)—that can more readily incorporate ecosystem partners. It is helping to change the way that products are made and delivered, making factories more efficient, ensuring better safety for human operators, and more often than not saving millions of dollars.

One of the greatest benefits of the IoT is how it can exponentially improve operating efficiencies. If a machine goes down, for instance, connected sensors can automatically pinpoint where the issue is occurring and trigger a service request. It can also help a manufacturer predict when a machine will likely breakdown or enter a dangerous operating condition before it ever happens. It is largely proactive in its functioning. It enables predictive maintenance, which limits the equipment downtime and improves safety. The sensors work by analyzing a given machine to tell if it’s working within its normal condition. This process—known as condition monitoring—is time intensive when we humans do it manually. But by using sensors to collect and quickly analyze data points in the cloud, prediction becomes easier.

Beyond saving money and time, the IoT can keep workers safe. If an oil well is about to reach a dangerous pressure condition, for example, operators will be warned well before it explodes. Sensors can even be used to manage and monitor workers’ locations in case of an emergency or evacuation.

Q1) How is IOT changing the status quo in industries?

Q2) How does IOT help in predictive maintenance ?

Q3) How is IOT improving efficiencies in manufacturing ?

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