Industry 4.0 and Internet of Things

The manufacturing industry is under a tremendous revolution from 2011; also known as Industry 4.0 where the traditional manufacturing processes are proliferated with smart digital technology, machine learning, robotics, AI, Augmented reality, etc.

In this blog, we’ll be talking about a key technology that has a major role to play in transforming the manufacturing industry-the IIoT.

What is IIoT?

Typically, IoT (Internet of Things) means enabling physical devices with internet and turning them into responsive devices. The ubiquity super-cheap computer chips and the wireless networks has made it possible to convert almost any physical device- from a pen-nib to an airplane into an internet-enabled machine that collects, receives, and shares data.

IIoT or Industrial IoT is specific to industrial applications. Industrial Internet of Things uses smart sensors and actuators to enhance the manufacturing and production processes. Adopting IIoT enables:

Advantages of IIoT

1. Higher Operational Efficiency:

IIoT seamlessly connects multiple aspects of manufacturing such as equipment, stock and inventory, logistics and supply chain, maintenance, packaging, etc, creating a smart environment showing all the manufacturing processes are in tandem with one another and giving actionable insights on the operational efficiency. In fact,according to interesting study*, Industrial IoT have seen as high as 82% increase in efficiency accompanied with 49% less defects!

2. Predictive Maintenance:

3. Cost Reduction:

The manufacturing process that is not efficient or seamless may disrupt the product quality, production capacity, or the supply chain and the manufacturer ends up incurring massive expenses to remedy the same. IIoT ensures the efficiency of the manufacturing process and critical functions like predictive maintenance helps the manufacturer to predict and eliminate the issues in the manufacturing line and significantly reduces the operational cost.

4. Better Inventory Management:

The Future of Industrial IoT

Adoption of Industrial IoT is gaining excellent momentum. The technology will set a strong foothold in the manufacturing industry. In fact, over 40% of IoT devices available today are being used in business and manufacturing and by 2025, the number of these devices is expected to exceed 75 billion!*

According to marketsandmarkets.com, The IIoT market is expected to grow from USD 77.3 billion in 2020 to USD 110.6 billion by 2025, at a CAGR of 7.4% during the forecast period.

Lincode’s Industrial IoT Solution

Lincode’s AI-backed IIoT solution helps in predictive maintenance. We integrate intelligent AI algorithms along with PLC (Programmable Logic Controller) to obtain and analyze the data and to forecast the possible equipment failure or machine downtime.

Our IIoT solution monitors and controls the manufacturing facility 24/7 to detect anomalies during production and provides actionable information to the customer.

Related posts:

Persistence Market Research (PMR) delivers key insights on the global soft tissue repair market in its latest report titled, “Soft Tissue Repair Market: Global Industry Analysis and Forecast…

One of my writing buddies had a rant last week when she was due to submit an assignment. Why the hell am I putting myself through this? She lamented. Who cares about my story? What difference does it…

Sempre me envolvi com programação e o ensino dela (por isso fundei uma escola especializada chamada Code Prestige para jovens iniciantes na área até pessoas de maior nível de senioridade). No…