IoT in Manufacturing

As the world is getting better day by day in terms of knowing the possibilities of technology.  The technology, on the other hand, is reciprocating with all hands. IoT is gradually strengthening its footprint in the manufacturing sector. When surveys claimed the growth for IoT will reach skyrocket heights in coming years, the way it did for E-commerce back in 90’s. No one was ready to accept the idea of having a device at your desk taking your orders and delivering them successfully.

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    Evolution of IoT in Manufacturing

    Fast forward, it is 2020 now and, experts say, the year is going to be massive with global market values to reach 3 times it did last year. Similar in line, the domain which is attracting the most attention and revenue now is manufacturing.

    With developing integration capabilities, IoT is soon going to be accessible in all major manufacturing devices. What was once called a computer-based algorithm has now become accessible to new opportunities in manufacturing.

    As manufacturing industries are growing faster with rising demand and supply. Demands are shifting gears toward high-level automation. From production to supply chain management, real-time optimization is a must, and to maintain the pace, production and supply have to go hand in hand with missing a beat. And that’s not all, with efficient system controllers; automation can be implemented to cover other manufacturing aspects.

    For instance, the recent advertisement on IBM cloud and Watson IOT have left everyone scratch their heads. Thinking about how intelligent and smart the manufacturers are going to be while designing a car that is going to be fast, efficient and more importantly safe for formula 1 racer.

    IoT Use Cases in Manufacturing

    In the stage of digital transformation, the manufacturing industry is the industry where most Industrial Internet of things (IIoT) projects are recognized as well as most investments are made. However, manufacturing is not the only industry who leads the industrial internet; various industries are also spending in IoT such as transportation.

    For several reasons the manufacturing industry is important in the Internet of Things and there are many use cases of manufacturing IoT such as production asset management and maintenance, manufacturing operations, and field service that offers the quick return and allows manufacturers to understand digital transformations from numerous viewpoints.

    Competitive benefits, automation, and efficiency are the benefits which are offered by using data across the manufacturing value chain. As the number of networked sensors growing across supply chains and production, manufacturers are starting to tap into a new generation of systems that empowers real-time, automatic interactions among systems, machines, and assets. Since, there is a rapid increase in internet of things (IoT), manufacturers are showing interest to invest in IoT.

    The internet of things includes big data analytics, M2M (machine to machine) communication, machine learning, and implementing the robotics technologies that already exist in the manufacturing industry. In the present state, several companies are evaluating their existing data systems and detecting ways to change their business procedures through technology such as big data analytics.

    The rising adoption of IoT by the manufacturing sector is driving the market. However, a major restraint that surrounds IoT is the privacy and security of the data, this problem may lead to loss of data security and physical systems. Internet of things has merged software and hardware with the internet to generate a more technically-driven atmosphere.

    By the year end of 2020, there would be 20.4 Billion IoT devices as predicted by Gartner. Implementation of IoT in manufacturing industry has expressed groundbreaking ways to collaborate these devices.

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    Applications of IoT in Manufacturing

    The internet of things has many applications in manufacturing plants. It can enable the production flow in a manufacturing plant, as IoT devices mechanically observes development cycles, and manage inventories as well as warehouses. This is the reason; investment in IoT devices has risen steeply over the past few decades. According to Forbes, IoT in manufacturing in IoT would rise to US$ 40 BN by 2020.

    Cloud based solutions are used in every industry. A rising trend among enterprises is to deploy cloud-based solutions and also to gather the data using the right security tool.

    Additionally, providers are mounting advanced devices and solutions by adapting existing technology to improve operational efficiency in the industries. Improvement of big data analytics, cloud integration, smart sensors, and robotics & automation is also supporting the growth of the use of IoT in manufacturing.

    In terms of region, North America is largest growing region when it comes to IoT in manufacturing, as several companies are adopting such technologies and also North America is an early adopter followed by Europe and Asia Pacific. IoT in Europe region is also expected to observe fast growth in coming years due to initiatives taken by governments for Industry 4.0 (the fourth industrial evolution).

    Industrial Internet of Things (IIoT) is changing the competitive landscape of industries, as businesses are investing in advanced technologies for automation. Additionally, companies such as IBM Corporation, SAP SE Company etc. are investing in IoT and are established as a leader.

    Some of the key players are presently focusing on providing industrial internet of things solutions with innovative and advanced technologies. As part of this tactic, the firms are involving in numerous acquisitions, strategic partnerships, and concentrating on increasing their business through the geographical presence and new service additions.

    The advantages of internet-based solutions within manufacture industry are recognized, especially in terms of scalability with the demand and of flexibility in modifying and deploying solutions.  Cloud based solutions manufacturing and design delivers a good example of such advantages. It refers to a product development, networked, and service-oriented model in which service consumers are able to organize services or products and reconfigure manufacturing.

    In today’s world, internet of things empowers informed manufacturing. Informed manufacturing organization consists of four elements such as processes, products, infrastructure and people. These crucial elements of manufacturing are congregating like never before, creating a more intelligent, streamlined, and automated manufacturing process.

    In products, advanced controls, software applications, and sensors work together to acquire and share actual data. Informed products would empower machines to take autonomous action. In people, by involving people across all geographies and business functions, and offering them with related information in real-time, informed people would provide operations and maintenance, intelligent design, as well as provide higher quality safety and service.

    In infrastructure, using smart infrastructure tools that interface with products, people, and mobile devices, informed infrastructure would better manage difficulties and empowers more effective manufacturing of goods.

    As global industry and market dynamics impulse manufacturers to think twice their manufacturing process flow, effective factory management is indispensible. Smart manufacturing necessitates data analytics driven by internet of things to expand asset exploitation and countless efficacies.

    Merging new and old data with an analytics-driven vision will provide workers of the manufacturing industry the decision-making capability and degree of suppleness which they need to deal with increasing demand variability and market intricacy.

    Smart technologies are booming everywhere. This is the reason many industries including manufacturing are adopting smart technologies and IoT plays important role.

    Smart manufacturing is about generating a situation where all accessible data from within the supply chain along with the plant floor is made visible, taken in real-time, and turned into actionable insights. Smart manufacturing consists of all features of the business, distorting the boundaries among demand management, plant operations, product design, and supply chain.

    Empowering virtual tracking of products, capital assets, resources, and processes, smart manufacturing gives enterprises full visibility which in turn supports optimizing supply and demand and streamlining business processes. In core, smart manufacturing is a decision-making environment.

    Most importantly, smart manufacturing consists of autonomic and proactive analytics capabilities, making it a self- healing and intelligent environment. With the help of smart manufacturing firms can accurately meet business needs through automated and intelligent actions driven by formerly unreachable insights from the real world.

    Smart manufacturing transmutes businesses into autonomic, proactive organizations that fix and predict potentially troublesome problems, delight customers, and evolve operations while increasing the bottom line.

    Manufacturing in IoT, is basically a platform that assimilates numerous technologies, such as connectivity technologies in which the network that empowers things to connect to the Internet, the cloud in which the storage and computing environment involves, where resources can interconnect and big data analytics in which the astuteness of the system is able to examine information (data) and offer insights on the fly.

    The idea of IoT in manufacturing is to use several connectivity technologies such as M2M (Machine to Machine),  industrial networks, Wi-Fi, , etc. to link factory automation assets such as RFID (Radio Frequency Identification) robots, production equipment, etc. to end-user apps such as ERP, as well as mobile devices for more precise and active business decision-making.

    IoT in Manufacturing Key Players

    Some of the major players which are involved in manufacturing in IoT are as follows

    Intel Corporation

    IBM Corporation

    General Electric Company

    Schneider Electric SE

    ABB Ltd

    Emerson Electric

    Tech Mahindra Ltd.

    Accenture PLC

    Sasken Technologies Ltd.

    Softweb Solutions Inc.

    Siemens AG

    NEC Corporation

    Robert Bosch GmbH

    What do you insights regarding adoption of IoT in manufacturing industry. Let’s discuss in comment box 🙂

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