Manufacturing enterprises are focusing toward increasing their business processes and production output with optimum resource utilization. IoT in manufacturing is gaining traction with the advent of smart devices, advanced data analytics techniques, and increasing need of manufacturers to deploy IoT enabled sub-systems so as to increase the overall efficiency.
Industrial IoT vendors are also achieving control over multiple heterogonous manufacturing processes by integrating advanced IoT platforms and solutions to automate manufacturing operations. Industrial IoT delivers transformational value in productivity and competitiveness through data analytics & real-time computing systems and controls the overall industrial process with high precision. Manufacturers are facing several challenges such as regulatory pressures, rising employer costs, and frequent breakdown of machines. This highlights the robust need for operational efficiency. With the augmented use of sensors, the demand for IoT solutions has also seen an upsurge.
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| IOT Manufacturing |
The IoT in manufacturing ecosystem comprises vendors providing IoT platforms and services to their commercial clients. Companies such as PTC Incorporation (U.S.), Cisco System, Inc. (U.S.), General Electric. (U.S.), IBM Corporation (U.S.), and SAP SE (Germany), and many others have adopted new partnerships, agreements, and collaborations as their key strategy to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.
Smart
manufacturing allows users to track the real-time data of all the manufacturing
processes. The data generated through IoT devices can be integrated and
analyzed with the help of different analytics techniques. The report generated
after data analysis is used by process engineers, yield engineers, and factory
managers for decision making. Hence, smart manufacturing is instrumental in
transforming businesses into pre-emptive, autonomic organizations that can
forecast & resolve disruptive issues, develop operations & delight
customers, while increasing the bottom line and productivity.
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