The advent of Industrial IoT (IIoT) has started transforming the core processes of industries worldwide. It has brought radical changes in the way of operating, communicating, and utilizing data across various industry sectors. Today, industries witness tremendous competition and it is necessary for them to remain competitive for achieving growth. There, industrial IoT Industry 4.0 solutions come into the picture.
IIoT solutions enable modern enterprises to make the most of the Industry 4.0 concept and transform various processes. Apart from having a competitive advantage, IIoT solutions can take care of all major processes ranging from maintenance to logistics and workflows to project completion.
Let’s dig deep into the top benefits of IIoT and Industry 4.0 for your enterprise. But, before discussing these benefits, we will go through a brief introduction of IIoT.
Introduction of Industrial IoT (IIoT)
IoT is all around us. As per the prediction, 35 billion IoT devices will be installed globally by 2021. All these connected devices will make a robust network and the Industrial IoT concept facilitates entrepreneurs to leverage the benefits of digital interconnectivity. IIoT can be defined as the use of smart sensors and actuators to improve industrial processes. It is also known as the industrial internet or Industry 4.0.
IIoT takes the power from smart machines and real-time data analytics to take advantage of data in the existing business system. However, it needs widespread digitization of manufacturing processes.
Let’s go through the top benefits of IIoT for enterprises.
Top Benefits of IIoT for Industries
Industrial IoT makes up over 17% of the total number of IoT projects globally. Be it manufacturing or heavy engineering, chemical or utility industry, a fully connected IIoT manufacturing network offers the following benefits-
1. Reduction in Human Errors
Industrial IoT or Industry 4.0 brings digitization in every step of the process. This digital transformation solutions can reduce manual processes and interventions. As a result, industries can reduce the biggest risk associated with the operations- human error. IIoT solutions can also reduce the risk of cyber and data breaches resulted because of human errors.
AI (Artificial Intelligence) and ML-based programs can do the required processes themselves, thereby eliminating the potential for employees to make a simple mistake.
2. Predictive Maintenance
This is one of the most important benefits of IoT technology. As per the research report by Aberdeen Group, the average cost of downtime across all manufacturing industries is $260,000 an hour. This whooping amount needs to be reduced to ensure the growth of this thriving sector. Predictive maintenance can assist manufacturers in achieving this objective.
Industrial IoT solutions enable industrialists to monitor machine performance and function consistently, thereby implementing predictive maintenance at the workplace. It is possible to schedule maintenance in advance to avoid any unwanted downtimes and make the machinery operated at maximum efficiency.
3. Increased Efficiency
Another major benefit of IIoT is it bring automation in core processes to optimize the operating efficiency of industries irrespective of their types and scales. With robotics and automation, it is possible to increase accuracy and efficiency at the workplace and boost productivity through streamlining various functions.
IIoT-driven data systems facilitate industrialists to improve operating efficiencies in several ways including-
- Replacing human intervention through implementing automated tasks
- Enabling entrepreneurs to make data-based decisions for various functions
- Monitoring performance anytime and from anywhere
4. Cost Reduction
Industrial IoT solutions are designed to fetch valuable data from the users and contribute to providing actionable insights to manufacturers and entrepreneurs. As a result, it is easy to make meaningful decisions and generate more revenue. Data-driven insights into various departments including production, marketing, aisles, and operations can drive businesses toward growth.
IoT-based and AR-powered solutions can offer remote assistance for enterprises that can help entrepreneurs save big bucks on repair and maintenance while eliminating unwanted downtime.
5. Improved Safety
IIoT-driven solutions can convert the manufacturing industry into smart manufacturing by increasing workplace safety. All the IIoT sensors work together to monitor the workplace and safety of employees. Integrated safety systems can protect workers on the shop floor and during distribution. If an accident occurs, everyone can be alerted immediately and operations are ceased. The company management can take necessary actions promptly.
Wearables help management track various activities of employees and related things like surrounding noise levels to improve the work environment and overall performance. It is also possible to alert employees when they are not following safety standards, so they can correct their mistakes and remain safe.
In a nutshell, Industrial IoT can transform core processes digitally and benefit the industry sectors. All you need to find the right IoT solutions provider to leverage the benefits of Industry 4.0 based on a robust IoT network. IoT Industry 4.0 or IIoT can enhance value for industrialists by providing insights from anywhere and anytime.
Rejig Digital enables you to leverage the benefits of IoT technology. We offer feature-rich solutions for various industry sectors including BFSI, FMCG, automotive, manufacturing, healthcare, and transportation.
We integrate advancements of emerging technologies like AI, AR, and IoT to make robust remote assistance and remote asset monitoring solutions. Simply send us an email at firstname.lastname@example.org with your requirements, and we will get back to you soon with the most suitable solution.