INTERNET OF THINGS : PAVING WAY FOR SMART MANUFACTURING
Manufacturing sector is on the verge of transformation. As the manufacturers are finding it more difficult to open new manufacturing facilities in India, they are trying to identify solutions that can help them to manufacture more with the existing facilities. The environment is pushing manufacturers to adopt new technology and automate processes in order to have better control over manufacturing. Internet of things (IoT) technology can be a blessing in disguise for the Indian manufacturers under the existing conditions.
Technology driven innovation has started a new era in manufacturing called manufacturing 4.0 (SMART Manufacturing). IoT is the heart of manufacturing 4.0. Internet of things (IoT) is impacting the manufacturing like never before in terms of increasing output, automating processes, mitigating risk/loss, optimizing costs etc. It is estimated that the IoT technology and services market for discrete and process manufacturing will grow from $1.3Bn in 2016 to $3.9Bn by 2020 in India.
Potential of IoT in manufacturing in India
Manufacturers are leveraging the potential of IoT to address the issues of operational efficiencies and enhance product features to add more value to customers.
In manufacturing, the IoT enabling technologies like security sensors, wifi, RTLS (Real time location system), barcodes and passive RFIDs can help in achieving the following:
- Improved efficiency due to the real time workforce communication
- Monitoring the status of products during transportation in terms of quality and safety standards
- Keeping track of inventories to ensure its availability at right place at right time
- Delivering quality service by connecting field operators to one another and supply chain team
- Detection of maintenance requirement and prediction of failure of tool/equipment
The companies are also incorporating new features in their product. A manufacturing company (worth $37 billion) has created sensor enabled tractors. This added feature enables farmer to detect the failure of the parts a month before so that he can take preventive action beforehand.
Roadblocks for IoT in India’s manufacturing scenario
The major roadblocks in IoT implementation include lack of clear vision from senior management, infrastructure for internet connectivity, power/electricity availability, trained workforce and data security.
The Indian manufacturing firms are at the nascent stages of their IoT expedition. IoT can help to ensure machine to machine communication and continuous data generation. It requires supplementary use of analytics to derive actionable insights. Hence the supplementary technology like Big Data that support analytics needs to be adopted by Indian manufacturing firms in order to accept IoT in its true sense.
IoT technology can bring disruption in manufacturing. It has capability to change business model and create long term differentiation for a manufacturing company. The successful early adopter will be the leader in competition.
CGN Global is working in the field of SoLoMo (Social-Local-Mobile) technology to determine the footfalls in various events. This information can give valuable insight when coupled with an analytics platform about the success of event, resource management, optimization of opening hours etc.
https://yourstory.com/2016/05/industrial-iot-smart-factory-india/ https://assets.kpmg.com/content/dam/kpmg/in/pdf/2016/09/Internet-of-things.pdf http://www.themachinist.in/worldwidemedia/insights/1366/india-ready-smart-manufacturing/page/1
What we found interesting
"Here is an interesting video on how manufacturers solve their businessproblem with the help of IoT:"