What is IIoT
The Industrial Internet of Things (IoT) is a network of smart devices and networks linked to database. These devices monitor, collect, exchange, and analyse data in real time, which helps the mangers to take quick decisions.
A typical IIoT system includes the following components:
- Intelligent data collection, storage, and communication:
- A data communication structure is provided by public or private internet networks.
- Analytical applications that transform raw data into data insights for process optimization
- Tools that help decision-makers and employees use data to improve business outcomes.
The Industrial Internet of Things (IIoT) is a game-changer for many manufacturing industry.IIoT can improve operational efficiencies, paving the way for the development of entirely new business models. It has a wide range of applications in supply Chain, Manufacturing, Oil and Gas, Energy and others.
While maintaining productivity, ensuring smooth delivery throughout the supply chain is also important. Orders can be automatically replenished. This reduces waste, keeps stock numbers stable, and ensures that the appropriate amount of raw materials is always available.Employees can focus on more complex areas of function with the automation of supply chains and ordering.
Benefits:
- It boosts productivity and efficiency in the workplace.
- It promotes an innovative culture and prepares the organisation to deal with any interruption.
- It improves decision-making by allowing for more in-depth data analysis.
- By enabling communication across departments, it increases integration and internal collaboration.
- It gives the company a competitive advantage by allowing them to improve the quality of their products.
- It draws in new talent, promotes system recognition, and helps to stimulate the curiosity of specialised professionals.