The Internet of Things (IoT) is an emerging technology concept that has significant benefits for manufacturers. Manufacturers should invest in IoT projects for three reasons:
- IoT Projects Improve Efficiency
- IoT Proofs Showcase Latest Technology
- IoT Encourages Creative Thinking
But first, let's start with some basics.
What is the Internet of Things?
The Internet of Things (IoT) is a technology concept that enables objects and devices to connect, communicate, interact with each other using sensors. IoT systems are designed for machines or electronic products to collect data from embedded sensors on their own without human intervention. IoT devices mean that sensors will collect more data from your factory environment than ever before. More sensors will be deployed in your facilities, and more networking will happen between intelligent devices. Don't worry; this is a good thing! Ultimately, the adoption of IoT will be highly beneficial.
But for the sake of realism, let us be clear-eyed about the barriers that we will have to overcome.
What are the barriers to IoT adoption?
New technology comes with a learning curve. Manufacturers are used to relying on their human instincts and visual cues for making quick decisions about how to address problems. When the data comes from the IoT devices, it may be more difficult to naturally interpret the information and learn from it in real-time. We will likely require an expert to help analyze the data and ensure that we are not missing anything. For this reason, data simply won't be enough without someone who understands how to use it effectively.
Therefore, manufacturers will have to train their staff on how to use the IoT data and analytics tools correctly. This training is vital for success. If the factory staff members do not understand how to use IoT data, they may be overwhelmed by it and give up on using it at all. To make the most of IoT data, manufacturers will have to break down the silos that often exist between different departments in a manufacturing organization. Different teams need to share data and collaborate if they want to create a successful IoT project.
This is easier said than done, but it is certainly doable. If you introduce an IoT project, there will be an initial period of time when the data is not helpful and people are still getting used to it. During this time, however, manufacturers should try to incorporate their valuable insights into their business processes. Doing so before they have fully adjusted to the technology can help minimize waste by preventing unnecessary workarounds.
What are the benefits of IoT projects?
Now that we have covered the potential challenges to IoT projects, let's cover the benefits. IoT proof-of-concept projects have a lot of value because they improve efficiency, showcase the latest technology and encourage creative thinking inside your manufacturing organization. Let's take a closer look at each one.
1) Improved efficiency
The first reason why manufacturers should invest in an IoT project is that it can improve efficiency. For example, if you are using a machine that is not working at full capacity, an IoT project could help you identify the problem and fix it. IoT projects for defect detection, such as those done by Simerse AI for example, can help manufacturers lower costs and improve production yield.
2) Showcase latest technology
When manufacturers invest in an IoT project, they are also investing in the latest technology. By completing a proof-of-concept project, manufacturers can showcase their adoption of new technology and potentially gain more customer interest.
3) Encourages creative thinking
The third reason why manufacturing executives should invest in an IoT project is that it encourages creative thinking inside your industrial organization. When teams work together to make improvements on existing products or create entirely new ones, they encourage fresh ideas that can revolutionize your business.
How to start an Industrial Internet of Things (IIoT) project?
Now you know why manufacturing executives should invest in an IoT project, but where do you start? Here are a few tips:
- Use the right technology: To get started with an IoT project, it is vital to develop a plan and execute it effectively. It would be wise to contact several vendors and compare their products before making your decision.
- Consider the right tools: In addition to selecting the right technology, you will also have to consider the right tools for your IoT project. You may need additional software or analytics capabilities depending on how complex your task is going to be.
- Test it out: Before implementing an IoT proof-of-concept in a real manufacturing environment, it is crucial to test it out. This will help you identify any potential problems and fix them before they become a more significant issue.
Conclusion
Manufacturing executives should invest in an IoT project because it can improve efficiency, showcase the latest technology, and encourage creative thinking inside your manufacturing organization. By using the right technology and tools, manufacturers can ensure that their proof-of-concept project is a success.
