In the manufacturing industry, every decision is important, because it can lead to a butterfly effect and positively or adversely affect your next steps for years to come.
Today’s challenges from increased competition, complex regulatory requirements and heightened safety demands are putting pressure on the manufacturing industry. How can organizations face these challenges and excel in this competitive environment?
Reaping the benefits of the Industrial Internet of Things (IIoT) is about measuring just about everything in the factory of the future. As we enter the Industry 4.0 era, where computers and automation are coming together in an entirely new way, with equipment connected remotely to systems equipped and ready with machine learning algorithms - the benefits outweigh the concerns in many facilities worldwide.
The industrial internet of things, or IIoT, is defined as “machines, computers and people enabling intelligent industrial operations using advanced data analytics for transformational business outcomes”. We are now in the middle of the Fourth Industrial Revolution or Industry 4.0 where smart, connected devices and technologies are transforming how products and equipment are designed, manufactured, maintained and ultimately used.