Improving Productivity and the Bottom Line
In the manufacturing sector – arguably more than any other – there is a need to understand how machines perform. Having access to this data allows manufacturing companies to better predict events that could affect production, but it also gives invaluable insight into assets at every stage of the supply chain.
With the ability to monitor IoT data anywhere from a mobile device, crucial actions can be implemented quickly to prevent downtime or avert a range of problems.
However, it isn’t just about managing machines at the factory level. Many manufacturing executives agree that IoT is opening up new lines of business and enabling the development of new products.
The myriad uses of IoT in the manufacturing sector
IoT also helps to track company assets such as mobile devices or other business equipment, delivering insights on how each item is being used and providing insights into the value it brings to the organization so that ROI can be accurately assessed.
In addition, the real-time analytics that IoT provides enables more timely business decisions, resulting in improved productivity, better preventative maintenance, and reduced downtime across the board.
What wider IoT adoption means for manufacturing
Many industries, not just manufacturing, are experiencing a serious shortage of workplace talent. In light of this situation, IoT provides hope for the future by reducing the amount of human work that needs to be done and eliminating human errors from the equation.
On the factory floor, it gives personnel a more efficient platform to work with as employees are dealing with up-to-the-minute information on machine performance and areas in which attention must be directed.
Ultimately, this supports greater productivity as less time (and money) is wasted on meaningless tasks. The company and the end-user both benefit by a more streamlined process, which results in greater cost savings, a lower cost of doing business, and greater transparency from end-to-end.
IoT: increasing safety in the workplace
Workplace injuries are a serious concern in manufacturing. Employees in the manufacturing sector can be exposed to machinery, chemicals or other potentially dangerous situations, and IoT can mitigate the damage that can be done when systems fail. For instance, if a machine is building up pressure and is in danger of exploding, workers will be warned well in advance to clear the area or shut down systems to prevent a disaster.
IoT sensors can also be used to keep track of workers’ locations within the facility so that if an emergency evacuation is required, it will be easy to ensure the safety and disposition of all personnel.
All businesses have a need to track their most important tools and equipment. However, the items that are easily carried away often get lost or misplaced, resulting in largely unnecessary expenditures and possibly dangerous situations when a crucial part cannot be located.
IoT sensors are widely used in many industries to track tools and other assets, meaning that workers spend less time looking for the equipment they need and more time actually getting the job done.
Are you looking for an IoT solution for your manufacturing business? Reach out today by just clicking the link of one of our contacts and hit the contact form.
This article is written by Jim Donaldson. Jim is the Sr. Director of Corporate Communications at Mojix, Inc., a leading provider of wide-area RFID systems and IoT platform solutions. Jim has more than 30 years experience working for both start-up and public technology companies.