As clearly
seen from, a minor issue that is not caught in its infancy
can have huge bearings on the overall operations of a company. Just imagine a
parallel situation, in which, the same pump is connected with an IoT sensor and
sending data frequently to a cloud-platform where it is monitored by a manager.
This manager has access to all the historical data generated by the pump up
till now. When he receives the new data and compares it with the historical
data, he immediately learns about damage to a component inside the pump. He
swaps the pump with a new one and the problem never happens. How is that for
nipping the problem in the bud? All thanks to IoT sensors and M2M connectivity.
Most companies in the manufacturing industry employ monitoring equipment, however, these systems do not provide feedback in real-time. On the other hand, IoT sensors embedded in manufacturing devices provide real-time updates, which are vital for proactively identifying faults in machines. By discovering a fault early, it is possible to eradicate the problem before it malfunctions or causes an accident.
With profits receding due to excessive competition, it becomes essential for an entrepreneur to produce according to the demand. An IoT network developed with the help of an adept
IoT Connectivity provider can be used for keeping track of the requirements. With accurate insights about manufacturing demands, it is possible to manage the supply chain optimally for best financial results.
Why M2M Connectivity Is Required in Manufacturing Industry?
Such are the
dynamics of businesses these days that a small malfunction can have huge
financial repercussions. A recent event, in which, a pharmaceutical company
lost product worth nearly 20 million dollars due to a malfunctioning humidity
pump brings to light the unforeseen challenges faced by businesses. Considering
that the pump was valued at a mere 3500 dollars makes the situation all the
more painful.
Although
this event does look surprising, it is not an aberration. On the contrary, it
is pretty much the norm and such incidents do take place and far too often.
However, not all such events are brought to light or captured by media as businesses
prefer to suffer in silence instead of admitting their mistake. To prevent such
issues from resurfacing again, companies pump in millions of dollars in testing
their equipment. Although timely testing of products does reduce such
malfunctions, it is not completely foolproof. While on the other hand, there is
a much better and economically viable solution that comes in the form of M2M connectivity, or more precisely IoT (Internet of Things).
Advantages of M2M Connectivity
There are many advantages of M2M connectivity that make it highly suitable for use in the manufacturing industry:- Real-time updates
Most companies in the manufacturing industry employ monitoring equipment, however, these systems do not provide feedback in real-time. On the other hand, IoT sensors embedded in manufacturing devices provide real-time updates, which are vital for proactively identifying faults in machines. By discovering a fault early, it is possible to eradicate the problem before it malfunctions or causes an accident.
- Ideal for tracking inventory
When an order is received, the
items are scanned in the inventory, identified and marked for delivery. IoT sensors can facilitate this process and offer real value addition in inventory
tracking process. For example, in pharmaceutical industry where counterfeiting
of drugs is a real problem, IoT technology can help identify the source of the
medicine and ensure quality of the product before delivery.
- Supply chain management
With profits receding due to excessive competition, it becomes essential for an entrepreneur to produce according to the demand. An IoT network developed with the help of an adept
IoT Connectivity provider can be used for keeping track of the requirements. With accurate insights about manufacturing demands, it is possible to manage the supply chain optimally for best financial results.
Comments
Post a Comment