The Trends and Use Cases in Manufacturing in IoT
The Internet of Things in Manufacturing
This article is going to discuss about the benefits, trends and the uses of Manufacturing in IoT. IoT is a major element of industrial revolution efforts across the world even the Industry 4.0 and the industrial internet. Manufacturing is not just any leader in the industrial internet, but it tops.
The Use Cases of Manufacturing in IoT
Manufacturing comes in many types of products, processes, operations and a large space of activities, machines, information systems, partners, people and many more. This is a distant step from raw materials to the end product and is related with supply chains, transportation and logistics.
That is why IoT is the key for this industry in a better approach, including technologies like cloud, robotics, a lot of data analytics, Operational Technology and most importantly integration of Information Technology. In other industries, there are a variety of ways that can be used to leverage IoT so as to connect physical and digital, make various assets like machines as well as other variety of product manufacturing process. This is a very important aspect of the industry because mostly we think of the finished goods but a better opportunity for the manufacturers lies in the cyber physical systems which is a service economy model.
The Main Areas-IoT Use Cases
The complexity and wideness of this industry is clearly shown in the many IoT use cases. Part of the use cases can clearly be seen in the connected/digital factory. Some people may refer more to facility and asset management while others relate it to components like security & safety, operations, logistics and ecosystems. There is also the customers’ preferences and their behaviour part.
Ultimately, it all comes down to digitization, optimisation, and visibility of the factory in relation to the enhanced services towards customers. These are the Manufacturing in IoT use-case segments:
- Connected/digital factory
- Asset management
- Facility management
- Logistics and ecosystems
- Customer behaviour and preference
- Safety & security operations
- Quality control
- Production flow monitoring
- Packaging and shipping preparation
Benefits of Manufacturing in IoT
The use cases mentioned earlier already give an impressive idea of the advantages of IoT. The following are some of the benefits of IoT:
- IoT is said to be increasing manufacturers’ understanding of customer preferences and behaviours.
- It is used to measure possible risks, protect the company’s assets and improve the safety of staff
- Improving the reliability and performance of the company’s products and services.
BI intelligence estimated that international manufacturers will invest a total of $70 billion on IoT in 2020. The report shows that by 2015, they had invested $29 billion. Although it is an amount lower than what the IDC found, the latter looks at software, hardware, connectivity and services. The benefits a company gets to enjoy from IoT are numerous and it is the top best strategy in the manufacturing Industry.
There will be the leading IoT solutions event held in Barcelona on 16-18, October 2018. This meeting will cover IoT in details and you should definitely attend. Get the best tips for manufacturing in IoT and be on the ladder of success