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IoT is the future of manufacturing
IoT is the future of manufacturing

March 15, 2021

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Companies that are integrating IoT and 5G technologies into their digital strategies will maintain a competitive advantage in today's dynamic business environment.

 

As billions are pumped into the development of 5G networks, we can expect a new wave of possibilities - all of which are set to transform industry and manufacturing, ushering in a new era of economic growth and hyper-connectivity.

 

It will also propel the adoption of emerging technologies, especially the Internet of Things (IoT), which is set to catalyse connectivity beyond recognition.

 

Of late, the manufacturing landscape has taken a keen interest in IoT because it offers a host of real-time benefits. IoT and 5G together are key for manufacturing enterprises to connect all stages of the planning-to-sales process.

 

They allow data to flow back and forth through a multi-dimensional ecosystem, enabling suppliers, manufacturers and customers to conduct business and decision-making more dynamically.

 

Benefits Galore

 

IoT-enabled devices collect massive amounts of data, assisting manufacturers in achieving higher product quality, better-informed decision making and greater foresight with predictive maintenance.

 

Several manufacturers across India are already using IoT to streamline their supply chain since their factories have a huge vendor presence across India and abroad.

 

Various shipments coming in daily need to be synced into the production schedule and tracked till final delivery. This entire process needs to be arranged with precision so entire factories are being IoT-enabled with smart devices that track the position of each employee and machine.

 

IoT generates massive amounts of data and cloud computing is key to managing it while gaining business insights. Cloud-based solutions offer effective data storage and data security to manufacturers, as well as analytics capabilities.

 

Incorporating IoT into the cloud can further connect different plants and storage clouds across a variety of locations, and the use of AI in this network can help manufacturers capture new growth opportunities.

 

Manufacturers are now keener than ever to leverage cloud to support their digital transformation. Intelligent handling of data networks can serve as the steering wheel for this transformation, leading us into an exciting era of data astuteness.

 

Moving towards an intelligent future

 

With IoT, manufacturing enterprises will become increasingly data-driven and cloud and edge computing will impart a high degree of 'smartness' to their operating environments.

 

Smart enterprises will have real-time visibility on the efficiency of factory processes and performance, thereby enabling manufacturers to refine and improve operations with relevant and up-to-date data.

 

While edge computing has key advantages for the manufacturing sector, the cloud will still hold the promise of managing large data workloads that will accelerate predictive analytics, machine learning and artificial intelligence.

 

When deployed in a judicious configuration, edge computing and cloud have the ability to create dynamic, cutting-edge solutions for the manufacturing sector.

 

Source: Business Today

 


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