Manufacturing has been the largest investor in the Industrial Internet of Things , bringing its influence to the forefront. Manufacturing has been hit hard as companies balance the legacy of their current infrastructure with emerging advancements such as IoT technology, whose capabilities are combined with cutting-edge data analytics, machine learning, and robotic process automation.

What is the Industrial Internet of Things (IIoT)?

Industrial Internet of Things (IIoT) solutions bring together machines, cloud computing, analytics and people to improve efficiency and productivity in manufacturing applications. Industrial companies can use the IIoT to digitize processes, transform business strategies, increase efficiency and eliminate waste. Operating in multiple industries, including manufacturing, power, agriculture, transportation, and services, these asset-intensive companies are developing IoT projects that connect billions of devices and are used in a variety of use cases such as predictive efficient maintenance analysis, asset condition monitoring and quality management ) .

Application of Industrial Internet of Things in Smart Manufacturing

digital twin

In manufacturing, defects and defects in finished products increase costs and burden workers. A digital twin digitally replicates the product being developed. The industry retrofits sensors to collect data on the entire operating process of its products and the required performance of each module. Managers can use the data obtained from the digital copy to evaluate the accuracy, performance and reliability of the system. You can also detect possible inefficiencies in your product to help you make better versions. Finally, digital twins simplify asset management and error management processes. It facilitates the industry to predict its baseline completeness and efficiently meet its deadlines.

Smart metering

Thanks to the Internet of Things, smart meters that can track water, electricity, and other fuels are also being introduced in manufacturing, energy, and other industries. IoT sensors allow businesses to assess specific usage scenarios and implement best practices for more efficient resource allocation.

Small manufacturing plants can thoroughly analyze the effectiveness of smart meter monitoring using customizable end-user analytics provided by industrial IoT companies. They can also compare prices, efficiency gains and carbon footprints of various resources in order to properly integrate them into their advanced manufacturing processes.

supply chain management

Globally, IoT devices monitor and track inventory management systems. Industry can track its supply chain by obtaining accurate data on existing resources. It contains information about work in progress, equipment selection, and due dates for required items. Additionally, IoT devices eliminate the need for manual reporting in operations and introduce enterprise resource planning (ERP). They have cross-channel insight into management and assist stakeholders in assessing the current situation. It reduced the company's capital outlay due to poor management and lack of research.

Smart Packaging

By integrating IoT sensors into products and packaging, manufacturers can gain useful insights into the consumer habits of different consumers and how merchandise is handled. Product degradation in transit, as well as the impact of weather, routing, and other environmental variables on the product, can be tracked using smart tracking mechanisms. This provides information that can be used to redesign product packaging to achieve better results in terms of consumer service and in some cases higher packaging costs.

future scenarios

According to a MotorIntelligence report, the manufacturing Internet of Things (IoT) market is worth $175.3 billion in 2020 and is expected to reach $399.08 billion by 2026, growing at a CAGR of 14.76% during the forecast period (2021-2026) . Over the past two decades, with the increasing demand for traceability and transparency, companies have begun to make the processes involved in the production of their products transparent. Data collection and analysis via IIoT devices enables manufacturers to seamlessly connect the entire process.