IIoT: Will result in gaining a competitive edge

By OEM Update Editorial June 12, 2018 4:28 pm IST

Mukesh Thakur,
Asst. Manager – S & M, Finder India Pvt Ltd
Primary factors, like boosting operational efficiency, increasing productivity, and reducing the complexity of process in the industry plays a vital role in the adoption of IIoT by manufacturing industry.

Future look for IIoT in manufacturing
Evolving technologies play a key role in fostering the manufacturing business, it becomes crucial for manufacturers to stay connected in order to amalgamate different technologies like machine learning, Big Data, sensor data, machine-to-machine communication, and automation. This will make the best use of IIoT, which would in turn result in gaining a competitive edge and open new revenue streams for the auto makers in the market.

Mukesh Thakur, Asst. Manager – S & M, Finder India Pvt Ltd, informs, “Primary factors, like boosting operational efficiency, increasing productivity, and reducing the complexity of process in the industry plays a vital role in the adoption of IIoT by manufacturing industry. Industrial Internet strives to create a connected enterprise by combining the information and operation department of the production facility.”

IIoT adoption drivers
Automotive manufacturers are implementing IoT concepts to create automated and seamless transactions in their production process by deploying sensors, initiate communication with multiple devices, and implant advanced analytics solutions to derive actionable insights. Auto makers need to take multi pronged approach to create relevant business model that embraces IoT-enabled capabilities.

Apart from this, maintaining and updating complex systems from in-house/remote locations, possible cyber attacks over the connected networks, adhering to standards of local networks for bandwidth and latency, maintaining process integrity and IP protection, and making immediate investments in evolving technologies are possible challenges to IIoT adoption in a manufacturing facility. However, continuous monitoring of transformation needs would help the auto maker develop a proactive approach to overcoming these challenges.

FINDER’s preparedness in the area of IIoT
FINDER has created new products and their programming software to support customers via the IIoT platforms. Thakur informs, “Our smart timers for example as well as smart energy saving devices are now programmable via mobile application through the cloud. This kind of an IIoT supported solutions have made life easy for many of our customers typically those who are on remote sites and are difficult to be trained on the programming.”