How IoT-enabled maintenance solutions can elevate the performance of assets in the field, the fleet, and the plant
Since early 2020, organizations that rely on industrial machinery have faced labor shortages, disconnected markets, and disrupted supply chains. We know that the impact is more pronounced for organizations that operate on different machinery and assets. So how can companies move forward? To thrive for the remainder of 2022, companies should adopt the Internet of Things (IoT)-enabled automation not only as insurance for mitigating future risk—but also as a fundamental business strategy. Primary issues must be addressed for asset-intensive operations and industries: Knowing exactly which type of (and how much) equipment their plants or operations own and leaseAcknowledging what parameters...
Machine as a Service + IIOT = Flexibility + Real Opportunity for American Manufacturing: An equation that can’t be ignored
American manufacturers cannot do anything about the pandemic, but they do have one economic arrow in their quiver to use to counteract the downward economic direction – that is, adopting the Machine as a Service approach toward deploying additional machinery. American manufacturers who cannot come up with the capital to purchase new machinery can still gain a competitive advantage by using the same machinery on a MaaS basis. Taking advantage of the flexibility to deploy machinery via MaaS really changes the equation. When the Industrial Internet of Things (IIOT) is added to this equation, the American manufacturer benefits in another...
Why Asset-Heavy Manufacturers Must Make Better Use IoT Data
In manufacturing plants, a high-performing, reliable asset base is critical. Maintenance staff must keep machines running and operating at peak efficiency. They can achieve this by using the data available to repair machines and systems before they break down and to fine-tune performance while they are running. That’s where the Internet of Things (IoT) comes in. Manufacturing is the industry that spent the most on IoT this year. IoT spending among manufacturers is largely focused on solutions that support manufacturing operations and production asset management. And for a good reason. IoT can deliver significant benefits by providing real-time status information...