How Industrial IoT is Revolutionizing Manufacturing Industry in 2022
The Internet of Things(IoT) has been booming all around the globe for a decade. The major focus of IoT is the?consumer domain however, there are other areas that demand connected things based application. An extension of IoT in the manufacturing industry is termed as Industrial IoT, also commonly referred to as IIoT/Industry 4.0. IIoT connects machines and industrial equipment with a secure network and enables automation in the entire industrial facility. IIoT is a combination of M2M communication, Big Data Analytics, SCADA, and similar other industry equipment.
The industrial IoT (IIoT) market for devices & technologies is expected to grow from USD 77.3 billion to USD 110.6 billion by 2025, at a CAGR of 7.4% during the forecast period.
To understand how Industrial IoT is benefiting the manufacturing industry, let’s check some key points:
Nowadays, many manufacturing companies have started investing their time & money towards developing smart IT-driven manufacturing solutions. The adoption of Industry 4.0 enables the industrial users to leverage their benefits such as asset management, predictive analytics, efficient and productive processes, and safety for operations. However, by leveraging the benefits, IIoT comes up with its own set of challenges for manufacturers and enterprises.
Challenges of adopting IIoT for Manufacturers and OEMs:
Manufacturing is indulged with various sectors like aerospace, automotive and oil plants, etc. The manufacturing processes involved in different sectors vary. There are neither standards nor sets of industrial smart sensors for the industrial sectors available. For example, transferring data between machines from different vendors within an ecosystem will not be similar to other ecosystems. Standards like Zigbee, Thread, in IoT, boosted the IoT systems to interoperate with other devices for sharing information. However, similar standards are not in place for industry 4.0. OEMs and SMEs need to change/digitize their process to ensure the interoperability of the business unit based on a few existing processes.
Ensuring smart technology is void if it does not have an interconnected system. However, connecting industry-grade machines with a network carries risks. It can lead to vulnerable attacks and can cause malfunction of the manufacturing process, the safety of employees and machines can be at stake. It is a must for any Industry 4.0 OEMs to have the most robust and secure environment that can protect the workstation from cyber threats.
As IIoT has just started its pace, industry skills required for technology innovation, coordination of units with different mechanical shape and size, integration of data from various sources, and realization of vendors for numerous manufacturing systems is one of the difficulties in the market. Besides this small scale companies will find it difficult getting started with Industry 4.0 technology due to lack of knowledge and huge investment requirements.
A smart manufacturing unit will need to have a mechanism or sensors that detect and collaborate data smartly from one machine to the other. This requires industry-grade sensors and smart machines. Currently, the challenge is, the market does not have much of the smart sensors/machines that can be used in the Industry. Also, developing industry-grade sensors in place requires training and simulation with the ecosystem, which is a difficult task but an important aspect for an Industrialist. On the basis of the above-mentioned benefits and challenges related to IIoT, let’s understand some important use-cases supporting it.
An industrial gateway interfaced with PLC, DCS, and other sensors for data collection via OPC UA or some other industry standards. It will support the cloud which helps to connect the real things with the digital world. Cloud-based gateway will enable an analysis of production data that will drive core business logic.
Some Key Features:
A smart manufacturing solution would help to manage manufacturing units in a phase-wise manner and provide failure reports for the assets. This solution will also support industrial motor control and speed diagnostics. To track and to control manufacturing remotely this solution would provide a cloud interface.
Some Key Features: