The Influential Role of IoT in Accelerating Industry 4.0
Published by : Industrial Automation
Today, the world is on the cusp of digital transformation where businesses across diverse industries are increasingly looking to automate their business processes. The transformation has come a long way, leading enterprises to the new industrial revolution – Industry 4.0. The evolution of this industrial revolution makes it possible to glean and assess data across machines, enabling faster, more agile, and more efficient processes to produce higher-quality goods cost-effectively.
The manufacturing industry is already used advanced digital technology. But Industry 4.0 technology is poised to transform the sector from the bottom. This will lead to greater efficiencies and alter legacy production systems. In this transition of production systems, the Internet of Things (IoT) plays a significant role, enabling workers on the production floor to leverage more smart devices that can make their work smoother and more productive.
As real-world IoT implementations proceeding apace, the world can now see the promise of Industry 4.0 started to take shape in the form of smart factories and digital supply chains powered by data, insights, and automation.
Impact of IoT in Industry 4.0
The implementation of IoT is picking up steam this year as the technology increasingly becomes mainstream. Considering a report, nearly 50 percent of enterprise applications in production will be IoT-powered by 2024. The technology is disrupting industries by creating new opportunities for them to amass data and precisely analyze it.
As more enterprises are now leveraging IoT, its level of sophistication enables them to boost efficiency, meet growing demand, and drive better customer experiences. This results in the transition of a traditional production stack into a digital manufacturing platform that supports fully automated plants, high-volume production, mass customizations, and the lucrative production of personalized products.
We have already approached a new connected world, where everything is connected to the Internet. However, connected devices from the consumer level to the industrial will create and consume more data than ever before. Some reports claim that the number of IoT devices will outpace the world’s population, where Gartner predicts that one million new IoT devices will be purchased every hour.
We will further see IoT devices and embedded systems become more and more rampant in our daily lives as the fourth industrial revolution and home automation activities garner more traction. With intelligence driven by IoT, devices can be programmed to perform in conjunction to generate outputs on an assembly line. It can accumulate data according to the environment and equipment that enables fail-safes and smart technologies to be put in place that provides the ability for proactive maintenance or automated recovery after failures.
Moreover, robotic devices powered by the internet of things used on the factory floor can also be configured so they are identified and classified on the system. These connected robots involve complex sensor networks to collect information about everything from humidity levels, temperature, vibration, and acoustic levels which feed back information about real-time machine effectiveness.
So, according to our viewpoint, the way humans work in industrial and production settings may get changed as IoT devices will continue to rise. Advancements and new breakthroughs in this technology will impact the supply chain management across industry verticals. Also, with IoT, businesses can envisage machine maintenance requirements and take significant actions to thwart downtime. These all will drive the Industry 4.0 to the next level.