The Industrial Internet of Things helps leaders thrive in crowded and even dangerous markets. Here are 15 benefits of embracing IIoT for manufacturing.
Embracing the Industrial Internet of Things (IIoT) for manufacturing is one way to win in highly competitive or dangerous markets. Automating production and relying on high-tech sensors to give you crucial feedback not only benefits your bottom line but it also benefits those who work for you.
Here are 15 benefits of embracing IIoT and automation for manufacturing.
1. Cost Savings
IIoT connectivity reduces manufacturing operation costs by:
- Reducing on-site staff requirements needed for measurements
- Reducing energy costs
- Reducing maintenance costs
- Improving system efficiencies and eliminating bottlenecks
- Identifying bottlenecks and problems
Making any switch can feel uncomfortable for a business, but your bottom line stands to improve from the decision to embrace IIoT for manufacturing.
2. Continuous Monitoring
Billions of dollars are lost each year due to downtime, errors, and faulty production in manufacturing.
Fortunately, IIoT technology offers continuous monitoring, which alerts you the moment something goes awry. This is another way to save money and reduce the potential for on-site injuries.
3. More Efficient Systems
IIoT computing systems move data to the edge, freeing up your on-site devices to collect more information with less power. The future of IIoT and edge computing is even brighter, as more real-time data will be available for extraction, and data will be easier to customize.
4. Improved Production Flow
Communication is the key to streamlined production, and it’s simply a fact that computers equipped with high-grade sensors communicate better (and more efficiently) than people. Every aspect of production stands to improve with IIoT making real-time decisions.
Each IIoT item offers a virtual component (along with security features to protect your data). Experts expect that over 50 billion devices will be connected by 2022, which gives your company the ability to do more with its data and mobility by embracing IIoT for manufacturing.
6. Predictive Technologies
Newer IIoT connectivity tools come with sensors and wireless transmission capabilities that draw vital conclusions about your manufacturing processes.
The longer they run, the more refined their analyses become, identifying more minor bottlenecks and streamlining processes of which you’re probably not aware.
As the Industrial Internet of Things grows, the possibilities for personalization will too. For example, you can customize aspects of your inventory and supply chain management to help your business run smoother.
8. Improved Safety
IoT allows manufacturing employees to be off-site while they work. It also ensures continuity in the event of disaster or disruption. This is especially helpful for industries where manufacturing may be dangerous (steel, certain foods, etc.).
9. Improved Customer Service
In business, giving customers what they want at the right price is critical. Intelligent devices that automate your work and derive key insights to improve efficiency help you narrow down what you do, do it faster, and perform the job at a higher quality for your customers.
10. More Business Opportunities
IIoT frees up time on the manufacturing floor to expand the business. It also allows manufacturers to create new products and pivot or include new services for existing customers to promote retention.
11. Thrives In Competitive Industries
The larger and more competitive the industry, the stronger IIoT becomes.
For example, IIoT tools in oil and gas free up data to provide critical insights at drilling sites without employee monitoring. Manufacturers can use this data to improve yields, prevent injuries, and lower operational costs, which could save hundreds of millions of dollars.
12. Cut Out Processing Time
Manufacturers used to send all their information to a central location for processing. Today, though, the IIoT skips this step altogether without tearing down your network. Amazingly, it also doesn’t require you to replace existing infrastructure.
Believe it or not, FreeWave’s industrial manufacturing IIoT solutions can reduce existing bandwidth up to 95% with no drop-offs in quality or transmission time.
13. Ensures Compliance
OSHA violations can cripple a manufacturing business. The IIoT promotes a safer environment that helps you stay OSHA-compliant no matter the industry.
14. Improved Maintenance Scheduling
Human error is a common factor that leads to serious manufacturing problems. For example, inconsistent or lax maintenance schedules could lead to expensive repairs or injuries. IIoT automation takes this off your business’s plate entirely.
Today, many customers understand the benefits of IIoT and seek it out when shopping for manufacturers. This is one reason experts expect IIoT in manufacturing to surpass $1 billion by 2026 globally.
Manufacturers can stay ahead of their competition and even grow their business by offering better and faster data.
Are you ready to take the next step in your manufacturing operations with IIoT? FreeWave wants to help. Get in touch with us today.