The Internet of Things (IoT), industry 4.0, advanced analytics, digital technologies, and big data have all generated enormous hype for their potential to transform every facet of the business. To date, the dialogue around these tools has focused primarily on consumer-facing industries, such as retail and financial services; on large industrial companies, such as GE; and on leading digital players, including Amazon, Google, and Netflix. Beyond the spotlight, however, manufacturers in process industries—also commonly referred to as heavy or capital-intensive manufacturing—have been early to adopt many of the latest advances.
Industry 4.0 & Industrial automation
For decades the sector has not only generated large amounts of data but also combined science, engineering knowledge, classical statistics, and powerful modeling into advanced-process-control (APC) systems that run key assets efficiently.
Since APC systems are expensive to develop and historically have been effective only for well-understood, less-complex processes, APC usage has generally been limited to the largest, most critical ones. Smaller, as well as secondary and more-complex processes have been left without suitable process controls. And while process industries generate huge volumes of data, their process-management and information-technology capabilities are not as advanced as those of other industries. As a result, thus far manufacturers have lagged behind in systematically deploying data analytics to extract the substantial value hidden in the insights they contain.
The good news is that over the past several decades, entirely new and more affordable manufacturing analytics methods and solutions have emerged, and they are now reaching market maturity as part of Industry 4.0. These solutions such as indoor air quality monitoring etc, which provide easier access to data from multiple data sources, along with advanced modeling algorithms and easy-to-use visualization approaches—could finally give manufacturers new ways to control and optimize all processes throughout their entire operations. Read full article >>
We integrate best in class IOT devices, cloud platform, and analytics solutions to deliver Industry 4.0 solutions in workflow monitoring, maintenance, supply chain visibility, and remote infrastructure monitoring; deployed on best in class device management and dashboard software. Read about IOT business use cases.