The manufacturing sector is the center of innovative Industrial Internet of Things (IIoT) advancements. The Internet of Things (IoT) is central to industrial innovation efforts of numerous varieties in regions across the globe, like the I.T. services sector in Tulsa. Manufacturing emerges above every other industry when it comes to IoT. IDC data released earlier this year shows $178 billion was spent on IoT in this sector of the economy across 2016. This figure is more than double that of the sector that comes in second (transportation).
Anticipated IoT Spending in Manufacturing
Manufacturing is positioned to remain number one in IoT spending and advancements through 2020. These improvements will undoubtedly lead to enhanced automation and a dramatic uptick in efficiency for manufacturers in Tulsa and elsewhere. Consider the Asia Pacific region in which nearly one-third of IoT spending will be spent in the manufacturing industry in the next three years. IoT spending encompasses money spent on services, connectivity, software, and hardware combined.
Why the Manufacturing Industry is a Hotbed for IoT
There are several reasons why IoT is making considerable headway in the manufacturing sector. There is another industrial revolution brewing in this sector. IoT provides a quick return on investment, spurs new revenue streams and empowers manufacturers to enjoy digital transformations that improve automation and efficiency.
IoT for Manufacturing Operations
Manufacturing operations are the focal point of IoT. This is the largest use case in all industries across the world. Manufacturing operations represented $102.5 billion in IoT spending in 2016 alone. The emphasis on IoT is largely attributed to its improvement of manufacturing companies’ competitive advantages: 66 percent of the manufacturing industry’s early-movers report IoT is essential to obtaining a competitive edge.
IoT Manufacturing use Cases
The manufacturing sector’s breadth shows an array of IoT use cases in I.T. services in Tulsa. More than three-quarters of the sector’s early movers report IoT is heightening insight in regard to customer behaviors and desires. IoT is used to make factories functional in a digital and web-connected context, improve facility management, boost security and enhance operations and logistics.
IoT is also central to production asset management. This is the second most common IoT use case in the manufacturing sector. IoT is being implemented for Tulsa manufacturers’ production asset tracking and monitoring, improving performance, quality, and the mitigation breakdowns/bottlenecks.
Data’s Role in Smart Manufacturing
IoT is essential to maximizing manufacturers’ optimization as well as factory visibility and digitization. The end result is enhanced processes and services that create a competitive edge. The implementation of IoT and strategic I.T. services ameliorates challenges ranging from production flow monitoring to quality control, packaging, shipping and beyond.
Data pertaining to assets, customers, and connected devices is acquired, measured, analyzed to improve everything from the manufacturing plant to the warehouse, supply chain and so on. Islands of automation are better linked and optimized thanks to IoT. Properly implemented I.T. services combined with IoT allow for the optimization of condition-based maintenance alerts, remote equipment management, production flow monitoring and numerous other aspects of manufacturing centers.
Our I.T. services in Tulsa team is here to ensure your operations operate like a well-oiled machine. Contact JMARK Business Solutions for server management and support, overarching I.T. management, network support, digital security solutions and so much more.