The advent of Industrial IoT (IIoT) has started transforming the core processes of industries worldwide. It has brought radical changes in the way of operating, communicating, and utilizing data across various industry sectors. Today, industries witness tremendous competition and it is necessary for them to remain competitive for achieving growth. There, industrial IoT Industry 4.0 solutions come into the picture.
IIoT solutions enable modern enterprises to make the most of the Industry 4.0 concept and transform various processes. Apart from having a competitive advantage, IIoT solutions can take care of all major processes ranging from maintenance to logistics and workflows to project completion.
Let’s dig deep into the top benefits of IIoT and Industry 4.0 for your enterprise. But, before discussing these benefits, we will go through a brief introduction of IIoT.
Introduction of Industrial IoT (IIoT) Top Benefits of IIoT for Industries
Reduction in Human Errors
IoT is all around us. As per the prediction, 35 billion IoT devices will be installed globally by 2021. All these connected devices will make a robust network and the Industrial IoT concept facilitates entrepreneurs to leverage the benefits of digital interconnectivity. IIoT can be defined as the use of smart sensors and actuators to improve industrial processes. It is also known as the industrial internet or Industry 4.0.
IIoT takes the power from smart machines and real-time data analytics to take advantage of data in the existing business system. However, it needs widespread digitization of manufacturing processes.
Let’s go through the top benefits of IIoT for enterprises.
Industrial IoT makes up over 17% of the total number of IoT projects globally. Be it manufacturing or heavy engineering, chemical or utility industry, a fully connected IIoT manufacturing network offers the following benefits-
Industrial IoT or Industry 4.0 brings digitization in every step of the process. This digital transformation solutions can reduce manual processes and interventions. As a result, industries can reduce the biggest risk associated with the operations- human error. IIoT solutions can also reduce the risk of cyber and data breaches resulted because of human errors.
AI (Artificial Intelligence) and ML-based programs can do the required processes themselves, thereby eliminating the potential for employees to make a simple mistake.
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Therefore, the manufacturers are needed to educate themselves on how to streamline the digital shock-wave in the production and ongoing product use Digital transformation solutions in discrete manufacturing unit face 4 major challenges:1.
Trust and compliance-Does the current security protocol integrate well with the new digital wave?2.
Now, it’s time to unveil the 5 digital solutions that are sure to shape the future of the digital manufacturing unit.
Let’s explore 10 key technologies that are to revamp the discrete manufacturing players over the next 5 years.List of 5 digital solutions that every discrete manufacturing unit should possess in 20211.
Adopt the holistc approach in optimizing the value chainDigital manufacturing companies are at the leverage of incorporating digital solutions at any point in their value chain with ease.
These units can incorporate digitalization in manufacturing during the stage of production engineering, product design and planning, production execution and more.
Digital transformation in the Indian Pharmaceutical sector is not new, it has started a decade ago.
With full-fledged vaccination administration in the process and with a self-sufficient agenda for redefining the business model, it becomes important for India to reevaluate its current role in the global pharmaceutical market.
We were privileged to have the stalwarts from the pharma sector, Lion Daara B Patel, secretary-General of the Indian Drug Manufacturers’ Association (IDMA), Salil S. Kallianpur, founder and MD of ARKS Knowledge Consulting Pvt.
and Dinesh Chindarkar, Co-founder of MediaMedic Communications.Harnessing the technology for providing a tailored solutionDuring the pandemic, the pharmaceutical sector has re-focussed its in-person dealings to virtual.
“By deploying machine learning analytics, HCPs treat mental ailments based on tracking, correlating, and scoring three factors – cognitive function, clinical symptoms, and brain activity.”As the Indian Pharmaceutical industry grabs digital transformation, scenarios accompanied by increased usage of advanced technology will see a rise in precision medicine in the next few years.
According to Salil, “the concept of time and distance has gone away” as we are going through digital transformation.
Do you know what points making your business fail each time despite ofhow harder you try to crawl up?
If you figure out that, half of theproblem is solved.
But if you still wondering where did you make themistake, this post will help you find it.Did you know digital transformation can really change the method ofhow you as a business deliver values to your customers?3 areas that need urgent digital transformation attention to savebusiness from failing;Undefined ObjectivesSometimes in eager to get success we dive right into the pool of ideasand forget to document vital points, such as, does business need this?What is the objective?
Is it achievable through the assigned tools andresources?
Your objectives should be, realistic to business achievable.Pushing HardWhat we teach our children?
Instead of wasting time on complex andlengthy equation solve small ones from the question paper.
A business or an organization can choose to either be driven or drive itself forward with technology.
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