IoT (Internet of Things) is the future. The Industrial Internet of Things (IIoT) is a subset of the Internet of Things (IoT). It is basically collecting data/ information from the field through sensors relying it to the cloud using an IoT gateway. The data is then stored in the cloud storages and analysed and used as per the requirement of the user.
A lot of industry sectors come under the gambit of IIoT. Energy, electricity, manufacturing, logistics etc. are in the nascent stage of deploying IIoT to garner the benefits. Financial benefits of fine-tuning the services by deploying IIoT can run into billions of dollars.
The advantages of IIoT:
- Better Connectivity: The production personnel will always be aware of the flow of manufacturing at their plant. Individual efficiency of an equipment or a personnel can be tracked.
- Better deployment: The bottlenecks and efficiency in a plant equipment can be readily read from the data collected. Efficient deployment of the resources can lead to increase to better productivity and less wastage of time.
- Zero idle time: A constant track of resources and their usage. In a large factory it happens a lot of time that the resources remain idle which effectively is down-time for the production process.
- Accuracy/ Quality: Automated tracking of the production process and removing manual intervention can lead to better quality of end-products.
- Safety and repair: Limited manual intervention leads to better safety standards. Preventive detection of failure patterns can lead to timely intervention and service of the equipment. This leads to reduced downtime.
- Logistics: The Industrial IoT (IIoT) can provide access to real-time supply chain information by deploying sensors at the different vital points in the value chain. A lot of the manufacturing plants have an ERP (Enterprise Resource Planning) at their manufacturing plant. Effective reporting enables manufacturers to collect and feed delivery information into ERP. By connecting plants to suppliers, all the parties concerned with the supply chain can trace inter-dependencies, material flow and manufacturing cycle times. This data will help potentially reduces capital requirements, manufacturers predict issues, reduces inventory and
- Cost savings: All the points mentioned above ultimately lead to reduction in the cost of manufacturing.
Another industry term which is interchangeably used with IIoT is Industry 4.0. Industry 4.0 is the current stage of the industrial revolution. It represents the use of Industrial Internet of Things (IIoT), in manufacturing. Industry 4.0 focuses on the use of the cloud, gateways and communication networks to monitor factory processes and make data-based decisions.