With the increasing penetration of IoT in businesses for better productivity, automation, expanding the potential market, and lower cost of production. More and more companies are putting their trust into it to manage their processes.
IoT solutions make a manufacturing unit intelligent while being autonomous.
A manufacturer needs to cope up with many things such as the supply chain and production cycle. All these things collect lots and lots of data like transactional data, ERP data, CRM data, and other public data. Collectively this data allows a manufacturer to work and operate the unit smoothly and connect with the customers and business partners.
According to a survey done by Industry Week, more than 40% of manufacturers think that this is the right time to adopt and invest in IoT.
What IoT could resolve - Machine failure, problems in the control system or getting accurate results from the data.
- Connected Machinery - With the help of sensors and actuators all the data gathered by the sensors is sent to the cloud for analysis and creating predictive models so that all the machinery works in sync. It also helps in maximizing the machine output by predicting equipment failure and reduce the service cost.
- Remote Operations - IoT can also help you manage the machines remotely; like, maintaining the temperature limits and other system operations which directly impact and reduce the cost of production.
IoT is modernizing the way of doing businesses by leveraging sensors, cloud infrastructure, data analytics, and visualization dashboard.