What is the role of IoT in the industrial space?
What is IoT?
Everybody talks about IoT. If a physical product is connected to the internet through a wireless sensor and delivers data, we speak of IoT technology. IoT has revolutionized many businesses and business models and is a fundamental part of Industry 4.0. For this reason, it’s vital to stay up to date on this important topic.
As already mentioned, IoT has led to enormous changes in entire business fields. But why implement IoT? First of all, most of your competitors are doing it, and of course you want to be able to compete. Secondly and even more importantly, IoT gives you a huge amount of data which helps you improve your processes, optimize cost structures, refine your products and so on. Therefore, IoT is an important tool to achieve your desired goals and make process improvements. It is essential to follow technological trends to survive in today’s ever tougher business environments.
Examples of IoT advantages in the industry
To help you understand how IoT is used in the industry, below are two general examples and one specific to Bossard.
Radar detection and RFID signals are used to transmit data regarding consumption, remaining container capacity, etc.
IoT allows you to consult machine data analytics anywhere and at any time. For example, you can check how many faulty parts a machine produces in one location and compare it to other locations. Then you can try to repair or optimize a machine to achieve higher throughput, for example. IoT should provide you with a “productivity map” of all your machines as well as structured data so you can use your machines better and more efficiently.
SmartBin is a smart solution from Bossard. This unique, fully automated system with sensor monitoring is ideal for supermarkets and assembly lines. SmartBin manages anything from small parts weighing just a few grams to large parts up to 2,000 pounds per pallet. Weight sensors ensure continuous inventory monitoring. Orders are triggered automatically and enable a seamless supply. This is an example of how Bossard offers you IoT solutions which keep pace with Industry 4.0.
Integration of IoT
A common mistake is not integrating different technologies which supply substantial data. Do you want to know more about the integration of different technologies? Then download our E-Book “How will Industry 4.0 impact your supply chain?” and learn more about other aspects of Industry 4.0 and how they affect your supply chain.
To answer the initial question: IoT plays a vitally important role and opens up endless opportunities. IoT is a must, and you need to implement it.