Industrial manufacturing companies have been questioned for the last years in terms of how they can be more operative-efficient, considering there is always a competitor that has lower labor costs due to its manufacturing capabilities.
As a result, many companies have been forced to relocate to keep existing and operating.
Generating savings in businesses depends on how distributors sell their products across the world. However, this operation only generates a gap between the company and its relationship between its consumers and their needs.
The manufacturing industry is becoming more competitive by adopting the most innovative technology to achieve unprecedented success. To be successful and keep their position in the market, industrial manufacturing companies need to find new forms of modifying their process to meet the needs of the 4.0 era.
Is IoT the best choice?
A race to the bottom on price is of no attraction to investors because it gives no possibility of revenue increase as products become valuable.
Due to industrial manufacturing, companies must improve their price bases and their strategies radically, they need an option that allows them to collect and analyze data to get insights and make valuable choices. Those requirements are the pillars of the IoT generation.
In other words, IoT can help industrial manufacturing companies to restructure their manufacturing process to achieve these goals. IoT sensors are capable to gather a massive volume of data and sent it into a cloud or central point enabling the analysis of this manufacturing production data.
This real-time data is turned into actionable insights.
Consequently, IoT connects a handful of hundred smart devices to form an intelligent network that allows manufacturers to transform their operations and increase enterprise value.
IoT services – an overview
Nowadays, IoT is a growing industry. Organizations are offering a variety of solutions for industrial manufacturing companies, such as:
- Software for multi-protocol gateways
- Data analysis platforms
- Hardware gateways
- Edge computing
IoT solutions for manufacturing cover the entire cycle from smart sensors and gateways through a cloud and smart analytics. As a result, they allow organizations to improve their factory floor processes and create products that satisfy the needs of customers around the world.
- Control and management of data from sensors, gateways, and system layers provide real-time data visualizations with predictive, prescriptive, and descriptive analytics.
Also, there is unlimited data storage in the cloud for data aggregation to improve decision-making efficiency for business intelligence purposes.
- On the other hand, web API (application programming interface) development allows you to manage all connected devices using a single interface, or multiple device endpoints.
Frameworks and accelerators
Some frameworks and accelerators are used to quickly and easily integrate IoT solutions. Smart manufacturing is enabling manufacturers to get increase their position in the market faster. For example, with these built-in frameworks, intelligence capabilities, and APIs for custom programming, it is possible to deliver customizable and scalable products at lower costs.
Additionally, IoT frameworks are keeping in mind the different requirements for different industries. Expert knowledge in communication protocols and device management, as well as software and hardware configurations, facilitate seamless interaction between sensors, machines, businesses, and the cloud.
Advantages of IoT in industrial manufacturing companies
Since manufacturing companies requires highly efficient processes and control, IoT allows manufacturers to make it possible with:
- Manufacturing insight
- Data analysis
- Remote access
- Energy management
- Reducing downtime
- Proactive maintenance
High return on investment
In conclusion, IoT is a great opportunity to enhance manufacturing and drive industries to new heights. IoT can connect multiple devices, machines, and equipment to create an intelligent network that generates substantial business value. This is driving innovation and allowing manufacturers to realize a high return on investment.
Learn more about IoT and its advantages for industrial manufacturing companies here!