How to Take Your Business to the Next Level by Leveraging IIoT Solutions

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How to Take Your Business to the Next Level by
Leveraging IIoT Solutions
Internet of things is changing the world. In
2008, the number of things connected to the
internet exceeded the number of people on the
earth. And as per the estimation, by 2020, there
will be 50 billion. Today, IoT is not just finite
to smartphones or tablets, it is everything
around us. According to IoT Analytics, by the end
of 2020, for every living person on earth, there
will be between two and six connected things. In
2016, global spending on IoT across all markets
was 737 billion dollars. According to IDC, this
number will reach 1.29 trillion dollars by 2020.
IoT helps wild change for all the market
segments.
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The increasing use of IoT solutions in industries
have made industrial IoT solutions popular. It is
a great way to automate a business. This helps
businesses to use the power of machine-to-machine
(M2M) communication. The data gathered from
sensors make machines smarter and better. There
are a lot of ways industrial IoT services can
help business to grow their efficiency. Amenity
Management We can get condition-based
maintenance alerts with the use of IoT sensors in
manufacturing equipment. There are many machine
tools that work best in certain temperature and
physical conditions only. The sensors can help
you monitor machines and send an alert as and
when the machine deviates from its prescribed
parameters. Setting the criteria prior helps
businesses to increase their efficiency. This
also helps to minimize the downtime and overall
costs of running the machines.
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Inventory Management IIoT Solutions can help
to monitor events across a supply chain.
Industrial IoT solutions maintain and manage
various product inventories. It sends
notifications to users as well as owners as and
when any product needs a renewal. This can help
the owners and managers to efficiently manage
their stock and replenish it. This will ensure
smooth customer interaction. This helps to
understand the trends. One can also expect the
change beforehand. Safety Security IIoT
Solutions with big data analysis can help improve
the security in the plant. A huge disturbance in
manufacturing process results in lost production.
This can cost you a heavy amount of loss per day.
With the help of IIoT Solutions you can prevent
many such instances thereby managing your
resources more efficiently.
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Reliability Most of the giant industrial
systems have the usage cycle of up to 20 years.
The environments they operate in are not always
comfortable. They are often expose to wear and
tear, heat, high vibration, pressure, and dust
conditions. The industrial IoT solutions can work
optimally in the same conditions. Not only that,
they have the potential to better manage the
stress and strain passed to them. Minimize Human
Intervention By leveraging IIoT services, you
can automate pretty much everything from start to
finish. Where would require 20 people to
accomplish any task, IIoT can help you to get it
done by only 1 person. It is the smarter way of
being a step ahead your competitors. IIoT can
help you be smart and efficient by least man
power.
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Quick Processing As all the processes are
automated, this saves a lot of time in completing
the work. The cloud processed information speeds
up the data sharing process. Thus, it creates
synchronisation between different department and
increase the work speed with efficiency. This
way, you accomplish you tasks in quickest time
with utmost efficiency. Centralized
Inter-department Data Sharing on Cloud This is
the major advantage of IIoT solutions. With the
help of them, you can manage data uniformly
throughout the organization. It is accessible to
everyone at the time they need it. With all the
data resources just a click away, it becomes
much too easier to create reports and keep your
customers engaged by delivering better experience.
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Final words these were just a few tips to
leverage IIoT solutions to take your business to
the next level. However, there is a lot more you
can explore in the world of IIoT. You can
intelligently integrate IIoT in your business and
beat your competitors. In fact, by leveraging
IIoT solutions, you can always remain a step
ahead of your competitors. Originally Posted
Here