Industrial Internet of Things (IIoT) will have a transformative impact on the manufacturing industry. The products, heavy machines, and devices that did not have any connectivity will be interlinked. Agility, visibility, and insight are the driving factors of a manufacturing plant. These aspects allow plants to cut costs and boost performance and deliver better quality products.
Businesses still use their existing systems and applications which hamper their performance, slow down processes, and hinder operations. According to a market research firm IDC, 20 to 30 percent of the revenue is lost because of their old and existing systems. Growing supply chain complexity has made it difficult to bridge the gap between enterprise-level decision making and plant floor execution systems.
Information generating systems are vital for today’s plants, but these systems are typically isolated and detached, restricting company-wide access. The absence of near real-time visibility across operations leads to fragmented communication, higher costs, and delayed response to business-critical issues. Majority of manufacturers implement three or more separate applications to track KPIs which means higher costs and lower efficiencies with inaccurate results.
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IIoT enables the companies to control more devices more effectively. With the help of IIoT, a large volume of plant floor data is easier to manage. Data from multiple plants are also easier to control via the cloud. Information combined with analytics can provide organizations with refined insights and boost their overall performance and improve productivity. To take the complete advantage of IIoT manufacturers need an ERP structure. Flexible application infrastructures will replace old and obsolete mega-suites. Integrated ERP capabilities that can connect tools and process data across all areas are critical. Only by gathering accurate data manufacturing performances can be optimized.