Industrial IoT is one of the vital aspects of Industry 4.0. This emerging technology has the potential to boost the productivity of enterprises. The Industrial Internet of Things supports digitally enabled business models, increases operational efficiencies, and improves the overall customer experience. Companies, irrespective of business models and industry sectors, can leverage these benefits by implementing enterprise-grade IoT solutions.
One of the misconceptions about IIoT is that its role is limited to technical implementation headed by IT and OT. But in reality, enterprises need to build specific conditions to leverage the benefits of IIoT. This can create wide-scale, sustainable value for industries. Simply put, enterprises can count upon data-driven insights for resources and processes to leverage the real value of IIoT. Real-time insights can assist companies to make informed decisions effectively.
Let’s dig deep into the role of the Industrial Internet of Things in driving digital transformation for modern companies.
Role of Industrial IoT for Digital Transformation
The Industrial IoT and other emerging technologies can come up with Digital Transformation Solutions that enable growth via current business models and innovation.
Increase Efficiency and Reduces Costs
Industrial IoT Solutions can reduce costs and boost productivity by bringing automation in various processes. The sensor-integrated systems give data-driven insights that enable enterprises to improve business operations in multiple areas such as energy, safety compliance, security, inventory, and human resource. Industrial IoT has a significant impact on the manufacturing process. For instance, IoT-based remote monitoring for the manufacturing process can be implemented for 365 days and 24/7 from anywhere. It in return reduces costs and generates more revenue for enterprises. In a way, Industrial IoT has become an integral part of Manufacturing 4.0 Solutions.
Automation of Processes
Globally, industries tend to reduce the workforce in recent years which increases the need for automation. Most employers have realized that routine and repetitive operations can be automated through smart management systems. Automation drives organizations toward growth through optimized and efficient operations. Therefore, operational automation is one way for organizations to move forward with an efficient and error-free work environment.
Enhanced Safety and Security
Safety and security are of utmost importance, especially in industries such as Retail, Logistics, BFSI, and Manufacturing. IoT-driven Manufacturing Industry Solutions enhance the security of enterprises. Cameras and sensors installed within the premises of enterprises are attached to unified platforms. It allows the authorized users to have security and safety within the premises. Potential hazards such as fire or storage unit’s insufficient temperatures can be prevented as IoT- based smart devices immediately notify authorities.
It was difficult to work around data which is collected manually in earlier days. Hence, IoT has changed the way big data is dealt with in the current time. Instead of employing staff to understand unstructured data, organizations utilize IoT-based devices to give data an understandable structure. Furthermore, IoT utilizes information that is achieved from a systematic analysis of data. This data analysis helps in generating various customer demand patterns, consumption patterns, and finding pain points. Overall, IoT- based data provide operational insights to enterprises that help improve service quality.
The adoption of IoT facilitates industries to monitor organizational processes in real-time. Hence, enterprises can command absolute control over the operations, even from a remote location. The IoT- based smart systems enable organizations to review operations in real-time through cameras, sensors and immediate alerts and notifications through email and SMS. Hence, managers can keep a check on all the operations inside the premises.
Adopting IoT can give freedom to organizations from slow legacy IT systems and get new IoT-based devices that are capable of giving a competitive advantage. Gaining digital transformation solutions via IoT makes organizations more agile and responsive to current market trends and requirements with greater speed. IIoT allows enterprises and personnel to focus on better strategy and innovations.
Gaining New Opportunities
The collection and analysis of big data through IoT devices helps enterprises to gain more knowledge about their customer’s preferences and buying habits. The insights gained by connected devices can be transformed into new products, services, and ways to create value for their customers. These insights can improve the quality of services and products which in return gives more opportunities in the future.
Improved Customer Experience
Customer satisfaction is an integral part of any organization’s success. Nowadays, customers expect simplicity and instant accessibility. IoT and the resultant data analysis enable enterprises to build a better strategy that improves the consumer experience. IoT allows enterprises to comprehensively understand customers’ preferences. As a result, organizations can improve marketing strategies and personalize products and services according to customers’ preferences.
Furthermore, accessibility to real-time data enables organizations to streamline workflows and immediately react to urgent issues. This technological progress frees employees to interact with customers and helps them understand the customer’s needs. Hence, it further enhances customer satisfaction and engagement.
So far it is clear that digital transformation is required if enterprises want to remain ahead in the market. Industrial IoT is a vital technology to add exceptional value to enterprises by contributing to transforming core processes. This technology stands to offer a competitive advantage, operational efficiency, cost savings, and greater customer engagements. Hence, the amalgamation of all these benefits is the key to digital transformation.
Rejig Digital is a leading IIoT solution provider that makes modern enterprises achieve the most out of the Industrial Internet of Things. Our high-end IIoT solution involves emerging technologies including IoT, AI, and Big Data to streamline industrial operations while bringing digital transformation.