What is IIoT and How does it affect your business?

Believe it or not, the Internet of Things (IoT) is becoming more of an Internet of Everything (IoE). In recent years, it has expanded its footprint into manufacturing industries changing both its face and operation cycles. Since then manufacturing industry has seen growing demands for IoT products. Thus, the term comes as Industrial Internet of Things (IIoT).

How IIoT is transforming the Industrial world?

It is changing industries beyond recognition with latest sensors, devices and technology innovations. It is not only promoting consumer-centric manufacturing approach but also increasing machine learning through various data connectors. Some manufacturing industry analysts are even calling it a ‘New Industrial Revolution’.

IIoT is not only saving huge costs and time to market but also increasing efficiency metrics of both machines and humans, making them highly predictive and profitable. So much so that all major and small manufacturers are lining up to embrace Industrial IoT to boost their production capacities and profits.

It is helping line managers operate with ease by connecting smart devices and sharing their information to improve decision making. Its economic impact will be seen in near future as IIoT is predicted to reach $11.1 trillion by 2025. 

Industries will be prompted to modernize their machines, inventory, equipment and workforce to enable this IIoT revolution.

IIoT solutions will spark wide-ranging changes that improve efficiency, scalability, cost benefits and time savings for industrial organizations. It will unite systems with humans as machine learned data will help them understand when a machine requires service, connection, equipment and raw material in any assembly line anywhere and anytime in the world. Connected machines will be operated with minimal human interventions. 

What’s in it for my business and industry?

Businesses that will embrace IIoT will see tangible returns with automated compliances, increased safety and efficiency standards and significant increases in profits. IIoT will also see changes with industrial standards like: 

1. BigData
If you know the term then big data is nothing but the accumulation of all raw data from your machines, devices and computers. Connected industrial machines and equipment will show real-time information, trends and utilization to business owners with a flick.

2. Analytics
All raw data and information once analyzed will show exact trends for manufacturing units to know which machine requires maintenance and which can be operated till what time. It will bring parity between state-of-the-art robotics that are doing the jobs till now.  

3. Apps and Portals
All connected devices will show data in their enterprise mobility apps and portals. It will be both secure and futuristic function that will ensure that authenticated users have access to vital information at all time. Including time, machine health and people operating it.

4. Benefits of Industrial Internet of Things

As explained above Bigdata and Analytics will help businesses improve their current metrics by predicting trends and lowering maintenance costs. Industrial Internet of Things will show results like:

• Greater efficiency 
• Instant Scalability 
• Improved Profits 
• Huge Cost savings
• Time Management 
• Better Safety and operations 
• Quality and product improvements 
• Uniformity with improved decisions 

IIoT network of intelligent devices on factory or manufacturing floor will open up data bank silos and help connect people, departments, machines, data and processes to show accurate views of their enterprises’ health and direction.

How will it reshape the future?

The IIoT is widely considered to be one of the primary technology trends transforming industrial businesses today and in the future. Industries are working overnight to modernize their systems, machines and equipment to meet regulatory requirements that can work with agility to mitigate market volatility. We work with disruptive technologies across the globe. We work with startups, small and medium businesses and large industries in countries like USA, UK, India, Australia, Russia, Brasil, Saudi Arabia China and regions of Asia-Pacific, Europe and Africa.

Major Industries that will see significant changes by IIoT revolutions are:

• Manufacturing and Production units 
• Aerospace and Aeronautical 
• Drone manufacturing
• Farming and Agriculture
• Energy Productions 
• Life science and Surgical manufacturing 
• Hospital and Pharmaceuticals Industry
• Automobile and Transportation 

Conclusion

IIoT is here to stay and expand. It is inevitable for small and large businesses to adopt to this change. Machine learning, Sensor learning, data mining through bots and connected devices is a reality. The sooner businesses connect their industrial plant and manufacturing machinery with smart and connected sensors, better their chances of rapidly scaling up their businesses.

We at CrazyPodo are working with IIoT related technologies for years now. We have experienced sensor developers, IoT experts and business analysts that understand business processes. Our IIoT solutions are futuristic and we assist businesses in conceptualization, design, development and realization of their IIoT related projects.

The Internet of Everything as we love to call it will change all the industries, especially manufacturing units. You can connect with us on social platforms like Twitter, and LinkedIn to ask a question. If you have a query or want to discuss how IIoT can bring about a change within your company, then Contact us for a no-obligation consultation today or drop us an email on 1crazypodo@gmail.com and we will get back to you soon.