In today’s competitive business environment, companies need to operate smartly and quickly to keep pace with ever-changing customer demands, market trends, and competitors. To solve the traditional challenges such as unplanned downtime and loss of inventory, many industries are adopting the latest technologies to streamline processes and cut costs. Industrial Internet of Things (IIoT) technology is offering several benefits to industries like manufacturing, retail, healthcare, automobile, and more.
In a rapidly evolving marketplace, IIoT has become a necessity for businesses to stay competitive. The need for this technology can be better understood by the several benefits it offers. But before that, let’s first find out what the Industrial Internet of Things is.
What is the Industrial Internet of Things?
The Industrial Internet of Things is a subcategory of the wider concept of the Internet of Things. IoT focuses on consumer applications such as wearable devices, smart home technology, and self-driving cars. The industrial internet of things (IIoT) refers to the use of smart sensors and actuators in industrial sectors and applications. Also known as the industrial internet or Industry 4.0, IIoT devices include small sensors to complex industrial robots.
Industries set up an IIoT network that consists of intelligent devices that can monitor, collect, exchange, and analyze data. The internet-connected machines generate data that helps in identifying inefficiencies and problems sooner and save time and money.
Benefits of Industrial Internet of Things
IIoT holds tremendous potential to streamline processes and reduce operational costs. By capturing and analyzing data in real-time, IIoT helps in enhancing industrial processes and allows businesses to make decisions faster and more accurately. Read further to know more benefits of IIoT applications.
Predictive maintenance is one of the major advantages of using industry 4.0. The IIoT technology helps in preventing machine failure. This becomes possible by connecting machines with sensors that collect data. The collected data is analyzed to identify patterns and predict issues before they happen.
Besides machine failure or malfunction, sensors can also help in detecting other possible issues that could result in downtime and costly damage. For instance, drones with sensors are used in the power industry to monitor powerline networks and identify issues before they cause trouble.
Depending on the needs, predictive maintenance analytics can be implemented for a single machine part or for the entire factory to ensure timely and cost-effective repairs, increase operational efficiency, and reduce machine downtime.
IIoT connects industrial machines and equipment with sensors that allow operators to easily manage levels through a single dashboard. The machines generate continuous, real-time data that makes it easier to monitor operations remotely.
In warehouses, remote monitoring helps in tracking the items, and the transportation industry uses this technology to keep a track of the vehicles. The availability of real-time data makes it easier to track products and supplies, as well as identify issues and inefficiencies. It helps in connecting production plants, suppliers, and other parties involved to streamline workflow.
Industrial Internet of Things solutions not only improve the efficiency of machines but also ensure the safety of workers. Faulty machines pose a risk to the safety of employees operating them. Identifying malfunctioning machines ensures timely repair and replacement to avoid unexpected accidents.
Also, businesses are implementing “smart security” to monitor the workplace and ensure the safety of all workers. In case of an accident, sensors help in alerting everyone in the facility to ensure that timely action is taken.