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IoT in Industry – Why Use It and What can be Done Now?

Miles Austine by Miles Austine
July 7, 2021
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The Internet of Things, a technology that allows establishing connections between machines and objects, is increasingly present. Industry IoT, what we call IIoT (Industrial Internet of Things), is also growing by leaps and bounds. There are even more machines connected than cell phones. That’s 8.4 billion around the world!

These connections are most popular in card machines and vehicle trackers. But, just like the rest of the world, we have also connected means of transport, robots, and a multitude of machines in industries.

This transformation is part of Industry 4.0 or the Fourth Industrial Revolution. The forecast is that this technological revolution will forever change the way products are manufactured, impacting sectors of the economy and the market.

The Industrial Internet (IIoT)

The Internet of Things is a technology composed of a network of physical objects (products, buildings, vehicles, appliances, among others) that have sensors and a network connection, thus being able to collect and transmit data. This technology allows you to perform tasks such as remote control of machines and objects.

IIoT, in turn, is the application of this technology in the context of industries. In this context, the Internet of Things unites intelligent machines and advanced data analytics to develop faster and more efficient systems that are capable of monitoring, collecting, changing, analyzing, and delivering data and information that are fundamental for industries to make quick and accurate decisions.

In this scenario, the Internet of Things plays a key role. From there, it is possible to develop or improve machines, making them “smart” and enabling them to perform functions such as Big Data collection and analysis, production tracking, preventive maintenance, among others.

No wonder industries are investing heavily in this technology: 86% of industries are already deploying, at least to some extent, IIoT devices, systems, and solutions.

The advantages of IoT in the Industry

Among the main advantages offered by the application of the Internet of Things to industry, three stand out:

Improving diagnostics

The first is improved diagnostics. Thanks to sensors built into the machines, it is possible to detect and analyze internal and external factors of production, making a complete analysis of the process.

Production control

Second, the industrial internet allows for greater control of machines, as, in smart factories, they are able to communicate their status in real-time to a central server. In addition, machines can provide data that ensures more visibility and control of the production process.

Tuning in with market demands

Finally, industries equipped with IIoT will no longer need to rely so heavily on product demand expectations and forecasts. Combining data, analysis, good planning, and IOT in retail, it is possible to develop a production model that is always in tune with market demands.

IoT in Industry – What Can Really Be Done?

As in-home and commercial environments, there are endless possibilities for applying IoT in industry. It is possible that many of them have not yet been discovered. There are endless opportunities with IoT. Discover some of them for your business with Euristiq.  

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