4 Shot Guide for every Manufacturer to win the Battle with IoT
IN THE AGE OF INDUSTRY 4.0 THE ULTIMATE GOAL FOR EVERY MANUFACTURER IS TO KEEP PACE WITH IIOT AND WIN THE BATTLE
IoT has come to find a place right at the cornerstone of automation, through the evolution of manufacturing industries. Internet of things is referred to as the intelligent connectivity of smart devices by which objects can sense and communicate with one another. IoT in industries has proved to be an aid solving challenges of costs, production and client satisfaction. It has led to a complete reconfiguration of industries. IIoT ( Industrial Internet of Things ) is all about simplifying and automating every single process in any industry.
The leaps in power processing, mobility and AI have taken the idea way ahead. From where and how we initiated with water and steam to mechanise production, and to where we have reached in terms of technology today is a true Revolution!
But the question is why does the gap between reimagination and execution still exist?
Addressing the gap and coming up with a business model that incorporates IoT is paramount.
Jatin Sawhney, the director of SMAC is an excellent communicator with the relationship, leadership, coordination and analytical skills. His ability to view the larger picture and take critical business decision makes him stand out. With an experience of over a decade, his ability to implement techno-business solutions from adoption to completion is unmatchable.
As Jatin says, technology transformation is not about technological innovations and business disruptions, but it also includes adopting those innovations and realising their value-adds.
Here is a one-shot guide to all what and why a manufacturer can have while implementing IoT and realising its value in their businesses.
WHY DO THE MANUFACTURING INDUSTRIES OF TODAY NEED A SMART FACTORY?
I find manufacturers very concerned that their organisations are falling behind in the race to keep pace with IIoT. According to the cases I have witnessed lately, there are several reasons due to which they are not able to cope up. They are not able to execute a data-centric factory since they still lack readiness towards it. But as far as I can predict the future of industrialisation, there is a definite need for collaborative manufacturing systems that can take real-time decisions to meet dynamic conditions and demands in a factory, make the supply chain effective and respond to customer needs in time. In today’s time, a factory needs to be ‘Smart’ in order to withstand competition, and competition can only be survived with connectedness.
WHAT MANUFACTURERS CONSIDER WHILE IMPLEMENTING IoT IN THEIR INDUSTRY?
When a manufacturer invests in any latest technology, his prime concern is to sash costs and improve his business. IoT enables us to evaluate and change decisions about the physical world. When two or more devices are digitally connected, the transmission of the data to any software application further becomes very convenient. It enables the manufacturer to derive insights and act in real-time. Thus leading to faster and better decisions in a cost-conscious manner. This will improve his business and disrupt the industry.
WHAT ARE THE RESULTS A MANUFACTURER IS STRIVING TO ACHIEVE?
All that a manufacturer wishes to have is a digital factory with a better line of command so that all his remote factory units are rightly managed. Next, he will aspire to have real-time access to his production processes, so that every adjustment required can be made in real-time. Now that we have sensors installed in every device in a factory to trace manufacturing cycle times, this will help the manufacturer to bring down his capital requirements.
WHAT ARE THE CHALLENGES TO ADAPT IoT IN INDUSTRIES?
Manufacturers need to build a comprehensive digital and IoT business model, but they lack the skillsets to execute that. It can be executed only when they have the apt frameworks built. There are no virtual systems, no network segregation and neither can such huge volume of data be stored and encrypted as it flows through the internet. We need to work upon the existing regulations and standards to achieve desired results. Manufacturers need to adapt the software-driven approach and start to rely on it, only then can IoT provide a ‘Smart’ vision to manufacturing industries.
VISION OF THE FUTURE
As data becomes the new currency and want for process insights grows massively, the Internet of things will play the master role.
A year or two ago, it was on everyone’s radar, and now it is actually shaping a smart and data-centric world. The idea of connecting people, machines and devices was imagined to be a futuristic vision of the digital business, but with the advancement in AI, mobility and cloud, IoT has emerged to be the Mainstream!
*Jatin Sawhney is the Director for the Software, Mobility, Analytics and Cloud Business at Team Computers. Within his 22 years of experience at Team, he has worn multiple hats, of delivery, presales, sales across businesses and participated in both laying its foundation and growing Team to a business serving 2000+ active customers. Jatin is passionate about playing cricket, developing leaders and building brands, in that order.