How to Take Your Business to the Next Level by Leveraging IIoT Solutions?
Example Business Goals: IIoT is transforming the business world. Several giants across the industry are leveraging the power of IIoT solutions to take their business to the next level. Here are some ways you too can leverage IIoT solutions to take your business to the next level.
The Internet of Things is changing the world. In 2008, the number of things connected to the internet exceeded the number of people on the earth. And as per the estimation, by 2020, there will be 50 billion. Today, IoT is not just finite to smartphones or tablets, it is everything around us. According to IoT Analytics, by the end of 2020, for every living person on earth, there will be between two and six connected things.
In 2016, global spending on IoT across all markets was 737 billion dollars. According to IDC, this number will reach 1.29 trillion dollars by 2020. IoT helps wild change for all market segments.
The increasing use of IoT solutions in industries has made industrial IoT solutions popular. It is a great way to automate a business. This helps businesses to use the power of machine-to-machine (M2M) communication. The data gathered from sensors makes machines smarter and better. There are a lot of ways industrial IoT services can help business to grow their efficiency.
Amenity Management:
We can get condition-based maintenance alerts with the use of IoT sensors in manufacturing equipment. There are many machine tools that work best in certain temperatures and physical conditions only. The sensors can help you monitor machines and send an alert as and when the machine deviates from its prescribed parameters. Example Business Goals.
Setting the criteria prior helps businesses to increase their efficiency. This also helps to minimize the downtime and overall costs of running the machines.
Inventory Management:
IIoT Solutions can help to monitor events across a supply chain. Industrial IoT solutions maintain and manage various product inventories. It sends notifications to users as well as owners as and when any product needs a renewal. This can help the owners and managers to efficiently manage their stock and replenish it. This will ensure smooth customer interaction. This helps to understand the trends. One can also expect the change beforehand.
Safety & Security:
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IIoT Solutions with big data analysis can help improve the security in the plant. A huge disturbance in the manufacturing process results in lost production. This can cost you a heavy amount of loss per day. With the help of IIoT Solutions, you can prevent many such instances thereby managing your resources more efficiently.
Reliability:
Most of the giant industrial systems have a usage cycle of up to 20 years. The environments they operate in are not always comfortable. They are often exposed to wear and tear, heat, high vibration, pressure, and dust conditions. Industrial IoT solutions can work optimally in the same conditions. Not only that, they have the potential to better manage the stress and strain passed to them. Example Business Goals.
Minimize Human Intervention:
By leveraging IIoT services, you can automate pretty much everything from start to finish. Where would require 20 people to accomplish any task, IIoT can help you to get it done by only 1 person. It is the smarter way of being a step ahead of your competitors. IIoT can help you be smart and efficient with the least manpower.
Quick Processing:
As all the processes are automated, this saves a lot of time in completing the work. The cloud-processed information speeds up the data-sharing process. Thus, it creates synchronization between the different departments and increases the work speed with efficiency. This way, you accomplish your tasks in the quickest time with utmost efficiency.
Centralized Inter-department Data Sharing on Cloud:
This is the major advantage of IIoT solutions. With the help of them, you can manage data uniformly throughout the organization. It is accessible to everyone – at the time they need it. With all the data resources “just a click” away, it becomes much too easier to create reports and keep your customers engaged by delivering a better experience.
In final words, these were just a few tips to leverage IIoT solutions to take your business to the next level. However, there is a lot more you can explore in the world of IIoT. You can intelligently integrate IIoT into your business and beat your competitors. In fact, by leveraging IIoT solutions, you can always remain a step ahead of your competitors.
This article was first published here.
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