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IOT IN INDUSTRIAL MANUFACTURING: ITS IMPACT AND USE CASES

  

“What if you could utilize advanced analytics to anticipate events before they happened, use real-time actionable insights to boost output, and help your operatives know the appropriate decision to take at any given time? Industrial IoT is driving such capabilities enabling unmatched operational efficiency, productivity, and performance like never seen before. Industry experts estimated that the $225 billion IIoT markets will be available by 2020 to create a new age of industrial growth and competitiveness, with a major impact on modern manufacturing, including increased efficiency, improved maintenance, and asset monitoring.”

The IoT uses networked sensors and smart devices. It uses these technologies directly onto the production floor, collecting data to promote artificial intelligence and predictive analysis.

In a sector that struggled over previous years due to a shortage of skills, the IIoT drives enormous disruptions, offering optimism for the future of the business. IIoT can change old, linear supply chains into dynamic interconnected systems, which can more easily absorb ecosystem partners, as well as into a digital supply network (DSN).

IIoT technology is a crucial facilitator in DSN's efforts to improve the way products are manufactured and distributed, make the plants efficient, and save millions of dollars for human operators.

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Major Market highlights:

  • Launched by Cisco to assist organizations to improve visibility and safety and efficiency, Cisco released new IoT sensor solutions. The new solution allows enterprises to simplify the monitoring of assets and facilities in all their organizations, ranging from inside IT closets to outside OT areas. The two new solutions include Meraki MT sensors for interior and IT infrastructure monitoring as well as Industrial Asset Vision sensors for the monitoring of the outside and industry-indoor facilities.
  • In a proposal to work on providing Edge IoT asset monitoring for near-real-time asset management, IBM and ClearBlade, the industrial IoT and cutting-edge software firm, have stated.
  • The latest ThingWorx Industrial IoT platform version of PTC will be released. In the latest version ThingWorx 9.0, industrial enterprises will be able to produce, implement, configure and scale their solutions with new and extended functionality. The new version will provide progress in a variety of fundamental areas for development and incorporate various new features and capabilities such as improved scalability and availability, speedy application and solution enabling, and analysis progress.

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Conclusion: IoT in manufacturing markets

Industrial IoT is capable of transforming production significantly. As global market and industry dynamics lead firms to re-examine processes, it is necessary to have intelligent manufacturing driven by IIoT analytics. The truth is that increasing numbers of data are being created from more connected equipment systems and that crucial and useful insights are limited by IIoT.

In terms of technology and the advantages it may give, the IoT is prepared to increase enormously in industrial manufacturing. This innovation occurs at a time when industrial manufacturers seek to transform their operations in the digital age, and IoT's insights, flexible and automation can allow them to prevent blind flight into this new age due to IoT's very granular, real-time insights.

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