Smart Manufacturing with Industrial IoT Solutions
Did you know that the Global spending on Industrial IoT (IIoT) platforms for manufacturing is booming, projected to reach a staggering $12.5 billion by 2024, a significant leap from $1.7 billion in 2018? According to an IoT Analytics study, this translates to a phenomenal compound annual growth rate (CAGR) of 40% within just seven years. Unsurprisingly, IIoT currently represents over 17% of all ongoing IoT projects globally.
Industrial IoT: The Transformative Power of Connected Machines
Industrial IoT solutions blend cutting-edge technologies like machine learning, big data, sensor data, M2M (Machine-to-Machine) communication, and automation. This potent mix fosters a connected enterprise by enabling seamless interaction between networked sensors. Imagine intelligent devices on your factory floor diligently collecting data through condition monitoring and remote equipment monitoring, fueling powerful artificial intelligence (AI) and IoT analytics.
The impact of IIoT on manufacturing is truly transformative. It empowers manufacturers with:
- Enhanced Visibility: Gain real-time insights into your entire operation through key performance indicators (KPIs) like overall equipment effectiveness (OEE), direct material costs, and product quality. Drill down to the operator and equipment level for a granular understanding with the help of asset tracking.
- Upgraded Operational Efficiency: Leverage a centralized IIoT platform with robust analytics capabilities to unlock valuable data from traditionally opaque legacy machines. Identify potential equipment failures before they occur through Industrial IoT analytics coupled with machine learning. This allows for proactive maintenance, minimizing downtime and maximizing productivity.
- Improved Safety and Compliance: Ensure adherence to Occupational Safety & Health Administration (OSHA) regulations by leveraging Industrial IoT to automate data collection for risk assessment and facilitate corrective actions.
- Increased Flexibility and Agility: Respond swiftly to ever-evolving customer demands with real-time location tracking, remote equipment control and monitoring, and health check dashboards that provide insightful data trends through iot connectivity solutions.
The Future of Manufacturing: Powered by Industrial IoT
Industrial IoT is disrupting traditional manufacturing processes, paving the way for a new era of efficiency and productivity. By harnessing the power of predictive analytics derived from Industrial IoT data, manufacturers can achieve:
- Reduced downtime and optimized resource allocation for a leaner, more efficient operation.
- Valuable customer insights that fuel product innovation and elevate the customer experience.
There’s no doubt that IIoT is the driving force behind the next generation of manufacturing, Industry 4.0. This era is defined by the seamless integration of digital technologies across every stage of the manufacturing process, fundamentally transforming how products are made.
Bridgera: Your Trusted Partner in Industrial IoT Solutions
Bridgera’s cutting-edge enterprise IoT solution empowers you to rapidly prototype and validate Industrial IoT use cases within your manufacturing operations. This allows you and your stakeholders to gain firsthand experience of how IIoT can add tangible value to your business. Our user-friendly platform delivers actionable insights through customizable IoT dashboards and intuitive self-service reporting capabilities.
Contact Bridgera today to explore how our comprehensive Industrial IoT solutions can drive your manufacturing business towards a future of unprecedented efficiency and success.
About Bridgera: Bridgera effortlessly combines innovation and expertise to deliver cutting-edge solutions using connected intelligence. We engineer experiences that go beyond expectations, equipping our clients with the tools they need to excel in an increasingly interconnected world. Since our establishment in 2015, Bridgera, headquartered in Raleigh, NC, has specialized in crafting and managing tailored SaaS solutions for web, mobile, and IoT applications across North America.
About Author: Gayatri Sriaadhibhatla is a seasoned writer with a diverse portfolio spanning multiple industries. Her passion for technology and a keen interest in emerging IoT trends drive her writing pursuits. Always eager to expand her knowledge, she is dedicated to delivering insightful content that informs the audience.