Published Date: November 24, 2017 Author: Satarupa De
Persistently being channelized by rigorous technological breakthroughs, the penetration of IoT in manufacturing industry has triggered a consequential transformation in the production landscape of major end-use sectors with regards to operational efficiency, supply chain management, asset tracking and safety & security. While having a reputation of practically revolutionizing almost every business spheres, the dynamic impact of IoT in manufacturing space seems to be a rather profound one. Statistics further affirm the aforementioned declaration- the overall IoT in manufacturing industry size in the year 2016, was almost USD 27 billion. Needless to say, influence of technological breakthroughs and innovations has played a pivotal role in proliferating the industry trends, enabling a seamless connectivity of all devices and systems involved in the plant and ensuring an optimized operational process.
The potential for cyber-physical systems to improve productivity in the manufacturing process is vast, a fundamental aspect that can be credited for IoT in manufacturing industry proceeds. The Internet of Things, quite evidently has set in motion the idea of fourth industrial revolution (Industry 4.0) with the influx of a new array of technological advancements that primarily focus on decentralizing the production control and maximizing the industrial throughput.