The infinite unfolding of latest technologies has added up to a tremendous list of the “Next Big Thing.” Though not every evolving technology has the potential to tear through the business and social scenery. When these IoT abilities are executed in the Industrial and Manufacturing space, it becomes IoT Manufacturing.
By 2019, 92% of manufacturing organizations will have adopted Internet of Things technology. IoT is set to enhance manufacturing by improving output, quality and workflow efficiency.
But how is manufacturing industry using the Internet of Things today, seven and ten executives that were surveyed by Aruba, defined the Internet of Things, as a network that connects multiple sensors and devices through the Internet.
There are thousands of these sensors within a manufacturing environment from temperature gauges to the individual components. On the conveyor belt connecting data from these devices can improve business efficiency, foster innovation and strength, and security. But if the knowledge is not connected to a particular common platform, expressing the same language. All of these potential gains are lost currently, 35 percent of manufacturing organizations are not fully extracting and analyzing IOT data. Meaning it can’t be accurately utilized to improve operations. One of the biggest drivers for embracing IoT manufacturing is the need to reduce operational risk.
But if data is not properly secured there is a higher risk of security-related downtime, with 82% of manufacturing leaders experiencing an IoT related breach in the past. Another 92 percent are concerned about the threat of future IoT related breaches. It’s clear a modern safety infrastructure, is the best defense to gain measurable benefits.
IoT data needs to be easily shared across all business systems, in real time. If this is achieved, It provides the secure and efficient architecture, which helps meet strategic manufacturing goals. Rather than existing in silos, workflows can be interconnected significantly increasing productivity. Over 70% of manufacturing leaders believe that IoT adoption will improve business efficiency in their organization.
This unlocks the door to a world of actionable insights it’s no surprise that 77% of manufacturing leaders believe with the help of IoT development company will transform the future of their business.