Most of us have heard the Internet of Things (IoT) and how it is changing business models while automating processes across industries worldwide. The greatest sector that has been affected by this technological revolution is manufacturing. It’s expected that in 2018, the IoT market in manufacturing will grow to 98.8 billion dollars with an annual growth rate of around 18 percent.
Manufacturers across all sectors have recently started to realize the potential of this tech revolution in manufacturing and as a result have been pouring money into IoT software and devices. The result of this has resulted in smart manufacturing to be sourced as the Internet of Manufacturing (IoM).
Although with this revolution streamlining forward it is changing the industry for the better, and today we will see the potential of the IoM, while looking where some manufacturers seem to be having difficulties. Let’s get started!
Potential Prospects within Manufacturing
Currently, there are dozens of IoT manufacturing companies and those who been spending billions of dollars include:
- Lockheed Martin
- KUKA Systems Group
- Zebra Technologies
Current systems that are being developed are those that track assets, control room consolidation, autonomous robotics, predictive analytics, and augmented reality tools, among other complex technologies which we will look at next.
Complex Manufacturing Projects
Currently, the big manufacturers who are developing the IoT are looking at the following projects:
- Optimization of Green Energies: This includes projects that include both wind and solar. The input of weather patterns and equipment will use the predictive analytics with forecasts to take advantage of both sun output for solar and wind gusts for windmills.
- Digital Optimized Trains: Using cognitive insight from the cloud, the IoT is aiming to enhance predictive maintenance systems for trains, to improve efficiency and safety. The safety features will be able to measure vibration, speed, and machine performance and signal possible dangers within the system.
- Cloud Connected Logistics Operations: No matter where you are on your site, you will be able to have data transmitted to your operation center and processed in the cloud. Software will analyze data coming in while using predictive analytics while looking for irregularities for maximum optimization.
- Smart Grid Cities: Cities will be able to optimize the use of intersections that will be able to communicate with vehicles to cut down on accidents and allow maximum efficiency for travel, which in turn could provide reliable research to automotive manufacturers.
Many manufacturers don’t know how to get started with the process of IoM and as pointed out in the AEGIS blog “Electronic Manufacturing Embraces IoM at Apex 2016,” mentions that one of the key concerns about manufactures is where exactly they start and is it even possible to use legacy equipment with IoT systems. Manufacturing execution systems are put in place for the proper adaptation of this process to fast track the first steps.
Other issues arise that are from communication problems within the manufacturer. Other issues that arise seemingly are from problems among the language for this type of system. Although these seem like a big concern at the time manufacturers can use enterprise resource planning software to yield quality benefits.
The IoT arena has affected manufacturing in a bold and exciting new way to transition the process of IoM. The potentials for this type of technology in manufacturing will not only enable companies to streamline profits faster, but do optimize their processes with stealth. The IoM worries can be put to rest by having the right software bringing your manufacturing company into this new dynamic realm.