April 9th is IoT Day and is a great opportunity to learn more about the Internet of Things and what it means for all of us. As manufacturers, the networking capability that allows information to be sent between different objects and devices using the Internet can help organizations increase performance, productivity, and profitability.
We reached out to some IoT experts to hear how Industrial IoT technologies can help take the factory to the next level in the 21st Century:
“The manufacturing revolution that IoT enables and makes inevitable will start in earnest by enabling this kind of intelligent communication between all individual parts and a product that is forever in beta, as it exists in real-time, and as such can be updated and personalized to the task at hand or the preferences of an end-user.”
Rob van Kranenburg
Manufacturing in the 21th century
IoT Council
“Industry can take so many advantages of IoT. From ordinary automatic supervisory systems connected to legacy equipment that trigger alert notifications about a mission-critical production line in real-time, to complex systems using Artificial Intelligence and Machine Learning to collect data, build dashboards, provide insights for decision-makers, and even training the systems that allow themselves to decide how to deal with specific situations.”
Dalton Oliveira
Consultant @ Wardston Consulting
IoT Council Member
Top 3 IoT World
“The lead times and the variety of product keys just keep getting shorter and there’s a lot of pressure on margins due to competition in the market. There’s fifty billion dollars of unplanned downtime that people need to address, and I think that IoT solutions & software such as FREEDOM™ are in a position to do something about that and help out tremendously. We are tracking when the machine is running, how well it’s running and how often it’s running to empower employees with data that will allow them to make decisions that will help them be more productive.
Any stakeholder in a company can use this type of data. From the shop floor to the top floor, you have Shop Foreman to operations directors, maintenance teams, and manufacturing engineers. There is opportunity in the data for all members of the team to help contribute to process improvement, increased production and greater profitability.”
Jeff Price
Executive Vice President, 5ME
Smart Manufacturing Experience 2018 Interview with Advanced Manufacturing
If you’re curious about IoT, IIoT, Industry 4.0, or how your business can liberate the data that is locked within your industrial processes, contact the FREEDOM™ Smart Manufacturing team for more information at info@5ME.com or visit us on our website.
