The industries that benefit from industrial IoT solutions the most are manufacturing, healthcare, energy and power production, logistics and transportation, oil and gas and agriculture. Over the coming few years, the manufacturing sector is assumed to develop as the dominant one.
As per analytical reports, the industrial internet of things will restart many industries that consider for near about two-thirds of the global economic output, operating economic gains of 14.2 trillion dollars by 2030.
The range of IoT applications is quite great and diverse. Recently, IoT solutions can be used to achieve all of the following
Facility management:
Condition-based maintenance is an easy task and so sensors can be utilized to improve the effectiveness of facility management. Manufacturing equipment is susceptible to wear and tear. It’s also prone to specific conditions. Sensors can analyze temperature, vibrations and other factors.
Inventory management:
IoT solutions can also be completely beneficial when it comes to minimizing the risk of inventory management errors. Events will be easy to analyze across the supply chain, giving companies a holistic view of inventory. Calculations of available materials and supplies are precise, which prevents slowdowns
Improved industrial safety:
The Internet of Things integrates effectively with the analysis of big data. Key performance indicators of health and safety can thus be analyzed continuously to assure better workplace conditions. By doing this number of accidents can be addressed immediately.
Optimization of logistics and the supply chain:
Real-time supply chain information will also become available through the dependence on an IoT solution. Products and supplies will be much simpler to track, recognizing slowdowns and inefficiencies.
Smart metering:
Smart meters can analyze the consumption of resources like electricity, water, fuels, etc. Through the use of IoT sensors, manufacturers will know how much is consumed and what for. Through efficient management, operational expenditure can be minimized remarkably.
Further key challenges of Industrial IoT:
Security vulnerabilities:
IoT devices interface automatically with each other. In the absence of a safe and completely encrypted network, the adoption of IoT could lead to new security challenges and vulnerabilities. Separate security elements will have to be introduced in the network to allow adoption without a higher risk of hack attacks or data discharge.
Absence of IoT standards:
Many automation devices already work in an array of industrial and manufacturing settings. The main issue is that different protocols are being used and there’s no standardization that will assure interoperability.
The cost of implementing IoT solutions:
This is another essential element that can create a large impact on Industrial IoT. The cost of implementing the IoT infrastructure is generally recognized as overwhelming. This is where the importance of selecting the right IoT solutions comes to the center stage. Ease of utilization, ease of IoT training and the development of more easily adoptable products could also help remove some of the hesitations in the future.
The Internet of Things Course Training will help you to learn more about IoT Solutions.
The Future of Industrial IoT:
The growth of industrial IoT will soon carry the factory of the future to reality.
Material handling, manufacturing, supply chain management and product distribution will all be automated at a high level in the coming years. More automation has already led to a 30 % rise in productivity and the adoption of flexible production techniques.
Predictive maintenance is minimizing the cost even further by saving more than 12 % on scheduled repairs and presenting breakdowns down by nearly 70 %.
The main goal of the distribution transformer is to minimize the primary voltage of the electric distribution system depends on utilization voltage.A distribution transformer is a steady device that is generated using two or more windings that assist to move alternating current electric power by electromagnetic induction from one circuit to another at the same frequency but with different values of voltage and current.Many industries are implementing or have plans to apply the smart metering solution.
It increases the visibility of the low voltage network and assists a utility company to use the power network.
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Dissolved Gas Analysis monitoring is a vital component of a comprehensive transformer monitoring system.Dynamic Ratings helps communication with all vital DGA monitors.
We identify that DGA monitors have various benefits and no one product would be optimal for all customers.2.
The DM Series provides advanced bushing monitoring and/or limited discharge monitoring on transformers.The DM Series product is scalable empowering customers to expand the coverage of monitoring to suit applications today and tomorrow.
Industrial IoT solutions have been changing the way the industry works for the last few years.
We can now have real-time monitoring devices at a low cost that sends data to an algorithm on a continuous basis.
With the added power of Machine Learning, it can detect whether there is something going wrong with a machine… make a prediction.
Hakuna Matata Solutions have been providing Industrial IoT solutions for more than 15 years helping enterprises increase ROI Alastair Orchard of Siemens notes that “IoT allows us to sprinkle devices around the factory quickly and cost-effectively to find out what’s going on without going through the multiyear process of reorganizing the shop floor.”
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Nowadays, a majority of cold storage facilities are relying on IoT solutions to streamline the logistics process and overcome monitoring problems.
From continuous monitoring of temperature levels in the facility to efficient management of the perishable items, there are many ways in which this tech is helping out.
Continue reading to know how the implementation of IoT solutions in cold storage warehouses.Common monitoring challenges for cold storage warehouses:Product management – Managing products in a cold storage facility can be particularly challenging.
The temperature requirements for these commodities tend to vary.
Maintaining the right temperature for all the stored items is not humanly possible.
Keeping up with the industry standards – There are stringent regulations in place that cold storage units and warehouses must adhere to.
