{"id":7774,"date":"2017-08-22T13:15:05","date_gmt":"2017-08-22T13:15:05","guid":{"rendered":"https:\/\/www.finoit.com\/?p=7774"},"modified":"2024-04-03T10:26:49","modified_gmt":"2024-04-03T10:26:49","slug":"iot-manufacturing-industry","status":"publish","type":"post","link":"https:\/\/www.finoit.com\/blog\/iot-manufacturing-industry\/","title":{"rendered":"How IoT Works in Manufacturing Industry"},"content":{"rendered":"

As digital tools advance, so does the industry. And the advent of IoT in manufacturing is a clear sign of greater innovation in service industry in the times to come. When we talk about manufacturing, the changing expectations of customers as well as the increased demand for consumer goods began to impact the chain of supply and production.<\/p>\n

The IoT app development companies have provided the ideal solution for manufacturers across a wide range of areas \u2013 from electronics and chemicals to common products, the IoT continues to take over the market. According to recent IoT statistics, the number of connected devices will grow to 30.7 billion by 2020, and, by the same year, IoT investments will reach a whopping $1.29 trillion.<\/p>\n

Related Blog:<\/b> State of the Global IoT and IIoT Market<\/a><\/p>\n

But what makes the Internet of Things so much impressive? To put it simply, smart manufacturing<\/a> improves performance, services, increases safety along with offering a better insight into the customer\u2019s preferences and behaviors. So, is your manufacturing business ready for the IoT revolution?<\/p>\n

How IoT Works in Manufacturing?<\/h3>\n

To better understand the IoT, we have to start from IoT devices first. By definition, an IoT device is any nonstandard computing device that connects wirelessly to a network and has the ability to transmit data.<\/p>\n

That said, new equipment specially designed for manufacturing often has the IoT sensors<\/a> already installed. The sensors in question refer to retrofitting sensors commonly added to existing equipment in order to gain smart IoT manufacturing capabilities.<\/p>\n

When it comes to practical use, Siemens electronics provides the perfect example. One of their manufacturing plants in Germany uses IoT in machines and computers for handling 75% of the production efforts autonomously. Once the product\u2019s parts are produced, they are able to communicate with the machines through product codes which navigate the machines further in the production process.<\/p>\n

Given that all of the processes are optimized for IT control, the risks of any mistakes are drastically reduced. Other successful firms, besides some renowned IoT application development companies that use IoT devices are Cisco, Microsoft, IBM, Intel, SAP, and much more.<\/p>\n

Cisco is yet another great example that uses IoT in its manufacturing exceptionally well. Since they have outsourced production plants worldwide, they have developed \u201cVMES\u201d or \u201cvirtual\u201d manufacturing execution system platforms to keep a close eye on the production. The system uses technology like the cloud, IoT, and Big Data analytics to gather data from production machines in real time and thereby predict quality capabilities in the outsourced surrounding.<\/p>\n

Basically, the IoT manufacturing operations include:<\/p>\n