14 Benefits of IIoT & Digital Transformation for the Industry, tested by the OEG.
The benefits of Industrial Digital Transformation include better flexibility and agility, improved productivity and efficiency, and increased profitability. IIoT & Digital Transformation also contribute on the improvement of the customer experience.
When you start an "industrial digital transformation" project or programme, the core capability you need to consider is the Industrial Internet of Things (IIoT). If you don’t consider IoT as a part of your technology stack then you will not totally embrace digital. In the industrial and manufacturing sectors, it’s vital to make the most of the data provided by all your systems and devices. The usefulness of this information depends on its real-time availability and reliability, allowing smart choices to be made. Integrating data to decide in an agile manner on processes and actions depends on a network infrastructure that breaks down traditional “silos of information.”
In fact, industrial digital transformation includes several technologies and capabilities within a digital architecture. You have, for instance, Industrial Networks, Sensors, IIoT, Edge-Computing, Cloud Solutions, Asset Tracking, Automation & Robotics, Cybersecurity, sometimes 3-D printing, and definitely the convergence of IT with Operational Technologies (OT).
IIoT will help industrial organisations transition from reactive to predictive maintenance and optimise asset management strategies to improve operations and reduce costs, amongst other benefits. The goal is to use digitally available information from existing, installed field instruments to improve safety, operations, and reliability.
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Management of industrial operations has become increasingly demanding. It’s a case of going through the tangle of new data to find the needle in the haystack. Industrial companies need to create reliable production plans to meet market demands, and synchronise maintenance plans and operations execution – with the mandate to be more productive. Just as important, plant owner/operators need to understand how well they are able to improve the process of managing the performance of these tasks, and continuously deliver improved productivity and effectiveness.
For process industry firms, there is a real need to digitally transform operations, with real-time instrumentation delivering better information and allowing faster implementation of decisions. An essential requirement for every company is to ensure the safety of people, assets and the environment, while optimising the performance of processes and facilities (e.g., uptime, reliability, safety and compliance), and that cannot be done without comprehensive IT & Operational Technology (OT) Integration.
During the past 20 years, the growth and diversification of the Internet has changed how industries operate. In the following 5 years, it will dramatically alter manufacturing, energy and other industrial sectors of the economy. The so-called Industrial Internet of Things (IIoT), and in tandem with Industrial Digital Transformation practices, are the latest wave of technological change that will bring unprecedented opportunities to the industry and to society. It combines the global reach of the Internet with a new ability to directly control the physical world, including machines, facilities and infrastructure.
14 tested benefits of IIoT & Digital Transformation for the Industry
An IIoT-enabled Digital Transformation programme offers a wide range of potential applications and benefits. Research performed by officers at the OEG (Organizational Engineering Group), tested the performance of new technologies, providing a background to advance in the research on actual benefits of IIoT & Industrial Digital Transformation for Manufacturers and the Industry in general.