IoT for manufacturing

Transcript

1. Industry 4.0 for manufacturing Industry 4.0 change drivers Impact of IoT in manufacturing Applications of IoT in manufacturing Key takeaways z Industry 4.0 – How IoT is revolutionizing Manufacturing Companies that are leveraging IoT are performing staggeringly even during the Covid-19 pandemic times. However, according to reports only 55-70% of manufacturing companies have realized the potential of leveraging Industry 4.0 solutions like IoT for improvements. If your business is one of the many that hasn’t capitalized on Industry 4.0 solutions, it’s time to wake up before it’s too late. Here are 5 must-know points that will convince you to invest in industry 4.0 solutions and how it contributes to business success.
2. 01 Industry 4.0 and its impact on Manufacturing The Fourth Industrial Revolution (or Industry 4.0) is the ongoing transformation of traditional manufacturing and industrial practices combined with the latest smart technology.
3. 02 Industry 4.0 change drivers The primary drivers remain rooted in business – demand for greater variety, lower cost and improved quality. The answer Industry found was in fully automated production cells and connected manufacturing or Smart Manufacturing. INDUSTRY 4.0 D i m e n s i o n s Value Drivers Process People Organization Infrastructures Results Tactics Smart S olutions Sm ar t Factory Smart Sup ply Chain Smart Inn ovation
4. 03 Industry 4.0 solution – IoT for manufacturing International Data Corporation (IDC) in its research paper – Transforming Manufacturing with Internet of Things – identified the drivers like value chains, market growth, traceability, data transparency, customer needs, technologies which will influence why and how manufacturers invest in IoT. 2016 2017 2018 2019 2020 2021 2022 2023 2024 156.6 North America Europe APAC RoW 71.7 INDUSTRY 4.0 MARKET, BY REGION (USD BILLION) 04
5. Impact of IoT in manufacturing IoT in manufacturing helps your company in the following ways: Interoperability, information transparency, technical assistance, decentralized decision-making. 04
6. Applications of IoT in manufacturing Here are some interesting applications of IoT in manufacturing. IoT for OEE Improvement IoT for Inventory Management IoT for Asset Tracking IoT for Production Quality Improvement IoT for Employee Safety IoT for Predictive Maintenance 05
7. 02 Our takeaways It is not about whether Industry 4.0 (IoT) is impacting manufacturing or not. It already is reshaping manufacturing & supply chain. It is about how quickly you can get equipped to take advantage of and leverage this opportunity and convert this into a competitive advantage. IoT 06