IIoT is driving the manufacturing industry to modernize its software infrastructure. Whether you call it Industry 4.0 or the Industrial Internet of Things (IIoT), manufacturing is in the midst of a significant transformation. A key motivation in this push to modernize is that real-time data and dynamic decision making yield meaningful performance improvements for businesses. […]
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Manufacturers today face a highly competitive environment with rising costs of materials and resources. The nominal price of steel, for example, has increased by 167% since the turn of the century while energy costs have climbed more than 2.5 times their prices in 2000 (1). In order to be more efficient while managing tight margins, manufacturers have begun exploring digital […]
Read more →![[Best Practices Guide] How To Thrive in the New World of Manufacturing](https://iiot-world.com/wp-content/uploads/2020/05/young-master-hardhat-bearded-engineer-discussing-technical-sketch-display-tablet-factory-workshop-1024x683.jpg)
Technology Is Disrupting Manufacturing, But It’s Also Offering New Opportunities for Workers and Companies To Thrive Manufacturers today face significant challenges due to disruption from technology, generational change, worker retraining and international pressures. These challenges present manufacturers with more opportunities than ever before. For example, technology is helping to improve safety, reduce waste and increase […]
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Nearly 70% of retail and manufacturing had already begun digital transformation projects before the COVID-19 pandemic, turning the supply chain ecosystem on its head. In a post-COVID-19 world, those digital transformations will likely accelerate, as suppliers and manufacturers turn to always-on IIoT devices to introduce efficiency and flexibility into their industrial processes. The ultimate goal […]
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Every day, another challenge arises and the growing impact of COVID-19 has left most companies rushing to implement new processes to minimize operational impact. Remote working has become the new norm; but for certain jobs, especially within the manufacturing industry, it can present a significant challenge. Factories depend on operators to keep machines running and […]
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As global competitive pressures have driven changes and higher expectations for manufacturing organizations, enterprise technology in manufacturing must respond at an accelerated pace today. Largely the result of fundamental changes enabled by transformative technologies, new and novel opportunities for industrial organizations are looming. This provides the capacity to leverage the role of industrial analytics and use […]
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Internet of Things is no more a technological breakthrough. Industrial applications have been faster in adoption of IoT and it has been playing a significant role for businesses that requires internal tracking, attaining near to zero error with less manual intervention, enabling machine to machine talking along with prognostic maintenance. RFID chips and other sensors […]
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Emerging trends to look for in a post-COVID world will be more reliable and resilient supply chains – not just more cost-effective ones. Supply chain regionalization also brings the acceleration of end-to-end value chain digitalization, enabling low-cost, flexible operations. Finally, the use of data and the application of advanced analytics like machine learning and artificial […]
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It’s estimated that IoT applications in operations optimisation have the potential to create value of $1.2 to $3.7 trillion per year in the factory setting in 2025. Manufacturers and equipment builders are in a position to jointly create this value, thanks to new IoT technology advancements. Equipment builders now have a clear product-oriented value offering, in the […]
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Many industrial businesses today see IIoT as a solution to the 21st century business issues they face. There’s ever-increasing pressure from shareholders for better financial results, to generate greater returns on the considerable amount of capital invested in production facilities. New generations of workers, customers and investors are emerging. They have different expectations (e.g. flexibility, […]
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For the last fourteen years, LNS Research and its predecessors published bi-annual research in partnership with MESA Manufacturing on the use of data in manufacturing. Until 2018, the research was titled, “Metrics That Matter.” Starting with 2018 we see an important shift in focus, examining “analytics that matter.” This evolutionary step in the study marks […]
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In recent years, some manufacturers of IoT sensors and small battery-powered devices have embedded solar panels in their products. The panels harvest energy from ambient light and use this energy to charge the battery, thus extending the time between battery replacements. Perhaps, some vendors claimed, these solar panels could completely eliminate the need for battery […]
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