Top 5 Reasons Manufacturers Choose IIoT

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A recent survey from the Aberdeen Group reveals that companies are, indeed, interested in the benefits that can be achieved by implementing IIoT (industrial internet of things). The top five being:

  1. Reduced costs
  2. Improved operational equipment uptime and availability
  3. Increased operational speed
  4. Improved product quality
  5. Improved safety

But, what organization doesn’t want to reap those benefits? These benefits are a given (and goal) across most industries. Yet, here we all are – in a time where it has never been more critical to find ways to do business that will cut operating costs, lengthen operational uptime, boost operation speeds, enhance quality control, and mitigate safety risks. As we’ve briefly touched in a previous post, the ever-evolving changes in society spark each new phase of the industrial revolution. So, while we understand the technology drivers that brought us Industry 1.0, 2.0, and 3.0, we must understand the technologies involved in getting to Industry 4.0.

To that point, steam power, electric power, and computer power aren’t nearly as complex as the kind of power that fuels Industry 4.0. For one thing, it’s not concrete or tangible. Also, And, because we know more about how helping our manufacturing clients use technology to do more with their business, we were able to develop the right suite of solutions for IIoT.

We know more, and we’re prepared to help you do more.

Top Innovations in the History of the Manufacturing Industry (Until Now)

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Simply put, Industry 4.0 represents the next step in the evolution of both manufacturing and the global supply chain.  But, before we take a deep dive into Industry 4.0, which we’ll do in upcoming posts, (get your scuba gear ready) let’s review the past three generations of our industry.

 Industry 1.0 = Water & Steam Power

Innovators harnessed the power of heat energy to water, thereby creating steam. In turn, the steam exerted pressure and created momentum to do work. Steam power reduced the need to be close to bodies of water – creating new opportunities for businesses, employment, and more inventions. This technology advancement was such a game changer – or so revolutionary – it became known as the Industrial Revolution.

Industry 2.0 = Electricity

 With the dawn of the twentieth century, electricity became the primary source of power. It was much easier to use than water and steam, and it enabled manufacturers to channel power sources to individual machines. This innovation gave way to a host of new, efficient machinery – including those used for the mass production of goods (and, in our area of interest, automobiles) on assembly lines.

 Industry 3.0 = Electronic hardware & software

 The second half of the twentieth century ushered in a wave of innovation, resulting in the invention and mass manufacturing of electronic devices and integrated circuit chips. The possibilities for ingenuity became endless as scientists began developing software systems to integrate with electric hardware.

This (super) quick look at our history reminds us that as society continues to evolve, so does technology – and our way of doing business. Each evolution enabled us to work with more efficiency, flexibility, and energy.

What’s next? You know what’s next – Industry 4.0, and it’s happening NOW.

Welcome to MORE – our exclusive blog by Sonaria on everything IIoT and Blockchain

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Welcome to MORE, your newest source for industry information brought to you by Lowry Solutions!  Our goal is to provide valued customers like you with technology insights related specifically to the manufacturing industry. Here is where you’ll find the most relevant information on emerging technologies, trends, and opportunities that can affect your organization – positively and (for those unprepared) negatively.

 

To that end, we believe that when you know more, you can do more. And, as we anticipate significant disruption in the coming months, we want to provide you with every piece of information you need to make informed decisions about how to best prepare your organization for nothing but positive outcomes.

 

Check back often – there is so much more to come.