How IoT will drive industry 4.0, and What are its benefits

How IoT will drive industry 4.0, and What are its benefits

The manufacturing industry is transforming rapidly by implementing advanced technologies such as Artificial Intelligence, Machine Learning, and the Internet of Things. This digital transformation has significantly improved the quality of products and reduced the downtime of processes and machines. The Industrial Internet of Things and automation play a vital role in this process.

The Industrial Internet of Things (IIoT) is bringing massive disruptions in industrial applications with its unique features. IIoT brings many opportunities that industrialists can use to make the industry ten times better. It contributes significantly to factories' operational efficiency and workflows via real-time monitoring of assets and processes.

These opportunities include:

  • Automation in factories
  • Process Optimization
  • Intelligent manufacturing
  • Performance monitoring

Industry 4.0

Industry 4.0 is the new industrial revolution aiming to make the industry smart with interconnectivity, automation, and real-time data monitoring and exchange. Industry 4.0 is entirely customer-centric, requiring the manufacturers to put in added effort to deliver priceless customer experience and services. The customer-centric approach of industry 4.0 covers product visioning, product sales, manufacturing, assembling, and service management. IoT makes this process effortless by helping the owner stay updated with the continuously evolving needs and expectations of the customer.

A significant evolution of IoT and industry 4.0

IoT is responsible for the super-fast evolution of industry 4.0, where everything is connected within a shared network. The operations are mostly automated, thus eliminating the need for much human intervention. Real-time data monitoring improves the decision-making process, and predictability helps reduce the chances of future hazards in the industry, accompanying management of the assets for future workability. The main stages of IoT and industry 4.0 evolution are:

  • Getting things connected
  • Generating insights
  • Optimizing operations and processes
  • Innovation

IoT's main aim is to make everything bright, whether home, building, healthcare, or factory. While on the other hand, industry 4.0 consists of cybersecurity, Augmented Reality, autonomous robots, digital twins, cloud computing, Big Data, connected devices, and heavy machinery. Connected devices, smart factory grids, and heavy machinery are the main intersecting point of industry 4.0 and IoT. IoT is heading towards manufacturing excellence by playing a vital role in every industrial activity and improving it exceptionally. IoT is the best fit technology for industries as it generates valuable outcomes by combining information technology and operational technology for the processes.

Benefits of using IoT in industries

  • Increased efficiency

Efficiency enhancement is one of the most significant benefits of IoT. It can improve operational efficiency by optimizing the industrial process. It also has the ability of automation, which boosts productivity and streamlines the functioning of factories. The sensors embedded in the manufacturing assets are used to track their performance to modify and improve them according to the requirement.

  • Predictive maintenance

Industrial productivity majorly depends on asset performance and workability. Predictive maintenance enabled by IoT implementation can help process managers forecast and respond to an asset's workability so that it does not cause severe damage to productivity and operations in the long run. IoT sensors mounted in the factory assets monitor their real-time performance and alert the manager if any fault is found. These faults are rectified as soon as possible, preventing the company from immense loss.

  • Real-time data monitoring

The real-time working and performance of the assets can be monitored, making the relevant changes in the process so that the productivity and quality of products increase substantially. Moreover, real-time data monitoring helps in the decision-making process and improves operational efficiency in the factory.

  • Reduces cost

IoT's predictive maintenance and real-time data monitoring feature significantly reduce cost by making the machinery smart enough to perform operations independently without human supervision. Reducing human intervention automatically reduces errors; thus, the price also decreases.

BridgeThings: A one-stop platform for all IoT-based industrial solutions

Whether oil and gas, transportation, manufacturing, energy, or hospitality, almost every industry can implement IoT-based smart systems to improve productivity with reduced cost. BridgeThings is one of the most prominent platforms that provide end-to-end IoT solutions. The best part about the company is that it has not limited its services to a particulate sector; instead, it offers IoT-based intelligent solutions for all industries. BridgeThings is giving its 100% contribution to the fourth revolution of industrialization. The sensors, gateways, dashboards, and applications are the main parts of the IoT solutions developed by the company capable of working and monitoring under extreme conditions. The sensor devices provided by the company are embedded with all the essential features, giving valuable insights.

Conclusion

The fourth industrial revolution has transformed how we perceive things in production units. The capitalists are getting more attracted to advanced approaches at a very high pace. The Internet of Things contributes significantly to making industries smart and enhancing workflows. BridgeThings, an end-to-end IoT solutions provider, is leading, among others, by making the system robust and handy. The company is working on adding innovative features to its devices to increase processes' efficiency significantly.

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