IoT-While we discuss on IoT we think of the consumer world that we experienced very few like Smart fridges, smartphones. But In the industrial field where IoT has the greatest benefits. It helps to reduce the amount of energy and Raw materials that manufacturers use to make products, As per the consumerâs demand it is helping better to reach the production and it helping to coordinate with their supply chains. It is helping to avoid unplanned downtime to adds up to great increases in productivity.
Again IOT technology authorizes the manufacturing companies to deploy new business templates as better able to guarantee, to control manufacturing line and product performance. While you are in the manufacturing sector such as automotive, semiconductors chemicals etc. so IoT technologies help to change the products are made.
IoT is already delivery billion dollars of value. When we connect to production lines, machines and all the factory software that we able to manage and analyze the industrial data in a variety of productivity gains.this because we can guess machine downtime so, optimize maintenance schedules more efficiently we can get right facts to the right level to an organization.
IoT projects are not that much of cost but its an investment.
There are main challenges for manufacturers to affect a successful level of digital readiness.they are Cultural and technical:
1. In Cultural challenges, Digital transformation and readiness more widely, but many industrial companies are not produced to reorganize quickly. This friction placed between a digital culture where products and projects are implemented in fast, imperfection iterations. In industrial culture projects and products are implements slowly. An organization essential to get digitally ware and the people to get adapt and to accept increasing complexity also to accept to do different things.
Decision-makers need to create a business structure that is adaptive to speed up changes to bring together the organization as IT and Operational technology parts of an organization.
2. In Technical challenges, because of value transformation happens, companies to have a clear vision in mind which avoids wasted resources, demonstrating fast is important, companies should move quickly to ope rationalize.