The Industrial Internet of Things (IIoT) is a smart integrated system that utilizes sensors to optimize manufacturing and industrial processes. Like Internet of Things systems found in homes, connected appliances and smart home security systems, IIoT system sensors attach to machinery and relay real-time data and analytics to a cloud. That information can be used to detect inefficiencies in the value chain, and equipment erosion or malfunctions, among other things. The use of IIoT systems can lead to more efficient, proactive manufacturing and industrial processes, with lower overhead cost and better-spent capital expenditures.
Asset Matrix’s IIoT system uses machine attached sensors to gather data and analytics on running equipment. Sensors are programmed to pick up on key indicators of machine performance, such as: vibration, ultrasound, temperature, infrared, oil analysis, and velocity, which is relayed to the IIoT cloud. The cloud is the center of the IIoT network; every sensor connects to the cloud where the data is stored and represented through charts, graphs, figures, and other visuals. The cloud data is used to cross analyze and detect irregularities in manufacturing processes, or opportunities in the value chain. Every IIoT system includes smart devices that detect and communicate information, a cloud, and people to interpret.
The Industrial Internet of Things already exists across many industries, including food and beverage manufacturing, pharmaceutical manufacturing, power facilities, and more. Every industry has the same basic goals: efficiency, safety, lower costs, and increased productivity. The food and beverage industries lose thousands of dollars and lost productivity to machine downtime and value chain inefficiencies, pharmaceutical manufactures deal with potentially harmful ingestible products that can be sensitive to environmental shifts, making machine breakdowns (change in environment) and inefficiencies dangerous and costly. Power facilities handle extremely dangerous and toxic materials, making predicting measures to stop machine breakdowns paramount importance for worker and public safety. These are only a few needs of IIoT, but the advantages of IIoT go far beyond them and provide opportunity to almost every industry.
IIoT systems are a tremendous opportunity for manufacturers that offer amazing upside, such as:
IIoT technology has many advantages, but the disadvantages deserve consideration. Some IIoT disadvantages include:
We are at the early onset, about 5% maybe, into the fourth industrial revolution. We are starting to pull systems online, connect sensors to machines, and use those sensors to predict failures – which is predictive maintenance. We are utilizing PLCs (“an industrial digital computer which has been ruggedized and adapted for the control of manufacturing processes”) or actuators to manipulate and change connected machines via commands or algorithms. I think the future of IIoT is fully automated plants completely controlled by computers with very few human inputs. Plants that can repair themselves, take corrective action on its own as needed, alert specific people when needed, and provide data one couldn’t access before can soon exist. These systems will give deep insights and understanding of ones facility and provide information, such as what makes them efficient or inefficient. These systems will tip you off to small things, the little stops and starts; maybe it’s a human error; maybe it’s a technical error; maybe the machine can’t handle the capacity that it’s running at; maybe a formula or recipe changed. Perhaps all these little things quickly add up, and corrective action needs to be taken or suggested. The goal is that prescribed remedies can be identified quickly and autonomously through machine learning, artificial intelligence, and a fully connected online.
The Fourth Industrial Revolution is here and is synonymous with IIoT. IIoT systems optimize value chains using sensors that communicate real-time empirical machine data and analysis, making them more efficient, productive, safer, and cost effective. It pushes companies towards automation, which reduces human input and margin for error, effectively streamlining production and value deliverance. IIoT gives in-depth data presentation and analysis which enables companies to discover growth and new opportunities. In other words, IIoT integrated company processes gives a competitive advantage over IIoT-less businesses in both the production process and value deliverance.
Written by: Yoel Halbert – Sy Syms School of Business in New York City.
We would love to hear from you! Whether you are looking for a feature, trials, demos, pricing or have any questions about AssetMatrix™ our team is ready to answer all of your questions.