With the global slowdown of the production growth caused by the Covid-19 pandemic, many businesses are turning their eyes to smart factories and the implementation of the Industrial Internet of Things (IIoT) and cloud as cures for the ongoing crisis. By using huge amount of data obtained with the help of industrial and “ordinary” Internet of Things, manufacturers can now predict equipment failures, prevent unplanned downtime, engage in remote monitoring and reduce costs down the line. Therefore, it is of great importance to properly understand the benefits of this technology and the way it can be implemented in the best possible manner. Read on to find out more about this important topic in the age of global manufacturing challenges and let us tell you where you can get access to the relevant expertise in a fast and accessible manner!
- Industrial Internet of Things can help reduce the frequency of downtime cases at smart factories. Downtime can cause your facility to literally bleed out money, which is why the implementation of Industrial IoT is seen as a preventive approach to this acute problem. The data obtained with the help of IoT helps you manage and plan for predictive equipment maintenance, thus reducing the frequency of downtime which can cost manufacturers tens of thousands of dollars per minute. As a bonus, the application of predictive maintenance not only shortens downtime, but also increases productivity by alerting operators to the need to service equipment even before the problems arise.
- Remote access and support can help you cut on costs. Remote access allows factory operators to interface with the machines to provide support and assistance from any location. It is another way in which the IIoT can help optimize production processes. Operators can troubleshoot and monitor the operation of machines and the installation of new software. All of the above is much simpler with IIoT and allows you to save on unnecessary intervention costs that can be prevented by remote control.
- Industrial IoT improves operational efficiency of devices. More advanced remote access practices include the monitoring of machine or factory processes and applying metrics and key performance indicators to help improve the overall equipment efficiency. To achieve this, factories implement IIoT to help them keep the data sent by the machines and then combine and analyze these information to optimize the production process.
Are you active in the field of manufacturing or the industry in which it figures prominently? Are you interested in industrial IoT as a means to improve the production slump caused by the ongoing crisis? We invite you to Security Summit 2020 Virtual Conference and Exhibition at which this and many other topics relevant to the security and IoT industries will be tackled, with the focus on alleviating the effects of global negative trends. Register today and start networking with experts and businesspersons from all over the world and let us help you in going through tough times!