Can Modern Industrial Applications Increase Cost Savings and Lessen Unplanned Downtime?

Newly introduced modern applications can facilitate a cost-effective operational flow in industries while reducing the prospect of productions downtime. This trend can bring about a massive turn around in respect to equipment maintenance, staff safety, work efficiency, and profit maximisation.

The positive impact of technology in industrial operations over the years has been enormous, and as technology continues to experience steady growth and advancements, industries and manufacturers can only look forward to more benefits that can be gleaned from the next technological milestone

Currently, the emergence of new applications through the Industrial Internet of Things shows great promise concerning saving costs and mitigating unplanned production downtimes. With interconnected components and devices, avoidable production fatalities that has halted operations and caused devastating effects over the years can now be proactively curbed, thanks to adoption of the Internet of Things in industrial operations.

Procuring quality industrial equipment and services is a fundamental policy adopted by industries in order to operate efficiently, and adding a more proactive approach towards maintenance, can boost this efficiency further.

Many firms are already reaping, and more others are looking towards this trend as the future of improved industrial operation and manufacturing processes. But let us expound what the Industrial Internet of Things portrays and how far its application can aid industries in saving costs and boosting uptime.

What is the Industrial Internet of Things?

The Industrial Internet of Things (IIoT), is the adaption of the Internet of Things (IoT) in industrial purposes. The process of the Internet of Things which involves interconnecting physical computing devices embedded in day-to-day objects to make them share information, has always been geared towards the optimisation of consumer experience.

But it has since been recognised as a profitable introduction to industrial purposes. Not just manufacturing processes, even other industries like healthcare, construction, transportation and more, can benefit from the huge advantages the Industrial Internet has to offer.

What are the applications of the industrial internet of things?

With the IoT, sensors will be added to machinery used in everyday industrial operations and they will be connected to software and services such as, predictive maintenance tracking, automation and analytics. With an application interface, processes can be closely monitored and analyzed to predict faults in machinery and proactively prevent further damage or fatality.

How can these applications save cost and unplanned downtime?

With machinery, tools, processes and handling interconnected and monitored through a network-based operational software, analysis can be drawn to engage a more predictive approach towards maintenance rather than a reactionary one. What this means is that, equipment don’t necessarily have to blow up before a fault can be detected and fixed, therebybsaving the cost of replacing parts or the entire machinery affected.

Secondly, since the application requires the interconnectivity of all industrial components related to operations, mobile equipment can be tracked and analysed to draw up a more effective handling approach that can enable durability of said equipment.

Why should these applications be adopted?

With the analytic systems and predictive abilities that the application of the Industrial Internet of Things has to offer, production downtime can be curbed to the minimum, staff safety can be improved, and more enjoyably, revenue can be maximally turned up.

Research has found that proactive analytics can help industries reduce cost of maintenance by 30%, save more than 12% on planned repairs and mitigate downtime by a whopping 70%.

What this shows is that modern applications should be embraced by industries in ensuring that they enjoy not just a more cost-effective means of operation, but one that comes with low cases of downtime and human injuries.