IoT in Manufacturing

How IoT in Manufacturing Driving Revenue Growth for Smart Factories?

We thought we had come a long way from pragmatic manufacturing to machine-inspired manufacturing. But there is another purpose that IoT has brought to manufacturing. Reasons for his introduction of IoT in the production process are:

  • Rising customer expectations.
  • Meets customer-specific requirements.
  • Supporting complex global supply chains.

“If you think the Internet has changed your life, think again. The Internet of Things is about to change everything again.”

Brendan O’ Brien (Engineer & Musician)

Overall, IoT is on the rise in all industries, not just manufacturing. There have been numerous polls spitting out the same thing about numerical statistics.

The global manufacturing IoT market is expected to grow at a CAGR of 11.9% until 2026. (Source – Fortune Business Insights)

By the end of the same forecast period, the market size will grow to $87.9 billion in revenue

(Source – MarketAndMarket)

According to the report, the North American market will grow given the current IoT providers I will.

(Source – GlobeNewsWire)

35% of manufacturers have chosen to use data generated by smart sensors to improve their production processes.

(Source – Mordor Intelligence)

According to a CGI survey, approximately 62% of manufacturing companies have already implemented a digital transformation program in their production centers.

IoT in Manufacturing

IoT in Manufacturing and IIoT Industry 4.0 – How Are They Related?

As Robert Cannon says, “Anything that can be automated will be automated.” Hands off, he’s right

The advent of IoT in manufacturing has turned many complex manufacturing processes into a game. This means that the Internet of Things has changed the realm.

After the advent of the Internet, every industry has undergone a revolution. Manufacturing is on the brink of a new revolution, with the Industrial Internet of Things (IIoT) knocking on its door.

Driving the adoption of IoT in manufacturing departments in their daily operations are:

  • Reduced costs
  • Short time-to-market
  • Improved on-premise safety
  • Mass customization possibilities

oNE MUST HAVE IoT SOLUTION FOR MANUFACTURING!! GUESS OR READ THIS SECTION…

Maintenance is nothing new, but here’s how to maintain an expensive machine.

1. Corrective Maintenance – Problem Solving

  • This is the most basic and traditional type of maintenance.
  • Even a very short outage can result in a large loss in a large company.
  • The number one choice in the world.

2. Preventative maintenance – doing what should be done

  • “Prevention is better than cure” epitomizes this concept.
  • Regular maintenance and equipment checks are called preventive maintenance.
  • This is better than post maintenance.
  • The time interval between two such checks is sufficiently short. Therefore, it helps diagnose all possible malfunctions.

3. Predictive Maintenance – Predicting what will happen in production through LEns IoT…

  • A whole new way to proactively transport defective machinery.
  • Organizations can benefit from more uptime, so they are more likely to live longer.
  • This also helps predict when a device may fail or malfunction.

Aspects of IoT in Manufacturing

As mentioned earlier, IoT has changed the way production systems work. Let’s take a closer look at three aspects of digital transformation services in IIoT solutions.

1. Dimension – Visibility in Workshops and Field Service

companies saw a 20% increase in IIoT-supported production lines. This means that the emergence of IIoT is actually beneficial. In fact, it is no exaggeration to say that the IIoT has doubled manufacturing capacity.

IIoT technology provides management with full visibility and control. This also means that all manufacturing activities will be better managed with IIoT devices.

2. Dimension – Insight into Global Manufacturing Supply Chains

Manufacturing supply chains can be very complex when multiple parties are involved. It’s easy to get a clearer picture of each item’s condition, location, and condition.

But the Internet of Things will bring great flexibility to the manufacturing supply chain.
This allows administrators to create top-level parties that can see the system.

3. Dimension – Insight into Remote and Outsourced Operations

There are many reasons to outsource internal tasks. These include high logistics costs, increased demand for customization, scarcity or availability of local/internal talent, and complexity of global supply chains.

Learn more about the benefits of IoT in manufacturing

All use cases of IoT in manufacturing processes will benefit the industry. Let’s take a closer look at IoT applications in manufacturing.

1. IoT in production processes will help monitor behavior

IoT will help companies understand employee performance using behavioral analytics data. In this case, it is possible to determine the frequency of labor movements. This means quality, security, savings, and great scalability. This clearly leads us to believe that there are efficiency improvements that result in higher production yields. However, increased production does not necessarily increase costs. In return, costs are reduced.

2. Connect Remote Assets

Connected devices or software systems provide instant access to a wide variety of remote assets and services at any time. These assets can be audited and tracked for better management. Greater control also means that higher demands can be met without an authorized manager on site.

3. Extended Use of Machines

IoT is designed to connect computers to the Internet, providing insight into machine lifecycles and KPIs (Key Performance Indicators). The information provided will help the production team identify the cause of the unexpected downtime.

What could be better than optimizing the use of advanced machine tools to produce higher quality products in less time?

4. Facilities Management

IoT sensors can detect humidity, temperature, and vibration. They identify conditions in which operations can be adversely affected by adverse circumstances. Also, leaks or damage to mechanical components can be easily identified by the software solutions used to manage such equipment.

Every part of the facility can be monitored, and smart sensors can sound alarms to help warn people of potential hazards.

5. Asset Tracking

Humans can make mistakes, machines can’t. Are you relying more on a calculator than on the fingers of an experienced mathematician? An error may occur. Instead, we recommend using the built-in tracker to track your fixed or variable assets.

6. Help with Supply Chain Management

Manufacturers can get an overview of delays in the production process and new delivery estimates.
It is also possible to assess in real time what exactly went wrong. In this way, you can easily identify anything preventable that adversely affects your supply chain. The Internet of Things is useful for warehouse management systems.

How will IoT support digital twins in manufacturing?

Digital twins are more than just virtual twins of physical systems within an enterprise. They help simulate those changes. It also helps assess the difference between performance and quality.

Three parameters on which the evaluation of digital twins by IIoT technology depends:

  • Accuracy
  • Effectiveness
  • Efficiency

Trends of IoT in Manufacturing Sector – For 100% Expert Production Quality

Making the world very connected. Then check out these future his IoT trends in manufacturing.

1. Employee Protection

The cost of work-related injuries is not only financial. It tends to damage the mental and physical health of workers. Arguably, this industry has the highest number of accidents each year. Intelligent sensors and wearables can greatly contribute to early preparation of security measures.

2. Security and Privacy

Data Breaches and Malware Are Common Problems Today
Therefore, encryption of important work messages, recipes and manufacturing methods is more than necessary.

3. M2M Automation

The main purpose of M2M automation is sensor data and its transmission to the network. ERP systems, on the other hand, help in communicating with machines. This trend helps us track and replenish inventory.

4. IoT Blended with AR & VR

AR and VR make it easier to manage spaces and train workers to work with machines. Virtual prototypes also help manufacturers get a better understanding of the machines they need to work with.

5. Big Data and Industry Analytics

The amount of digital content has doubled. Big data analytics can analyze such large amounts of data in minutes. Larger companies can benefit more from this method.

Can Xekera Systems IoT-based manufacturing solutions help?

Yes!

But how?

Choosing one digital partner can fundamentally change your business cycle. Xekera Systems has achieved a lot more than just investing in providing industrial IoT solutions. Visit our website to learn more about our proven products…

IoT for Manufacturing – Summary!

From IoT hardware and software engineering to customized firmware programming, Xekera Systems is a leading IoT development company.

Optimize your production flow and control the quality of your manufacturing process and the productivity of your resources. Please contact us for more information.

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