Humans connected devices in their factories. IIoT greatly helps

Topic: HistoryGreat Depression
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Last updated: August 25, 2019

Humans are rapidly approaching the fourth industrialrevolution. The first industrial revolution started around 1760. The fourthindustrial revolution has been dubbed as Smart Manufacturing in the U.

S, orIndustry 4.0 in Europe. Smart Manufacturing,in simple terms, is the usage of technology and real-time data whenever andwherever, are needed by people and machines.Smart Manufacturing is the abilityto solve existing and future problems via an open infrastructurethat allows solutions to be implemented at the speed of business whilecreating advantaged value.In Smart Manufacturing, everythingis connected via the aid of sensors and RFID chips. More actuate data and better analytics give us much deeper insight intothe root cause of specific shop floor event or process. Forexample, products, transport options, and tools will communicate with eachother and will be organized with the goal of improving the overall production,even over the boundaries of individual companies.

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Smart Manufacturing willcreate an open atmosphere where fact-based decisions can be made and decisionmakers will have the trusted data when it is needed, where it is needed and inthe most useful form needed. SmartManufacturing is made possible mostly due to the use of Industrial Internet ofThing (IIoT) and Big Data.    1.1Industrial Internet of Things (IIoT)The Industrial Internet of Things (IIoT)is the use of Internet of Things (IoT) technologies in manufacturing.

The IoTrefers to the connection of devices to the Internet. The Industrial Internet ofThings (IIoT) is part of a larger concept known as the Internet of Things(IoT).The IIoTrevolutionizes manufacturing by enabling the acquisition and accessibility of fargreater amounts of data, at far greater speeds, and far more efficiently than before.Somecompanies have already started implementing the IIoT by leveraging intelligent,connected devices in their factories. IIoT greatlyhelps to improve connectivity, efficiency, scalability, time savings, and costsavings for industrial organizations. Cost savings due to predictive maintenance,improved safety, and other operational efficiencies have benefited many companies.

  By allowing business leaders a full andaccurate view of how their enterprise is doing, it enable companies to pick upon inefficiencies and problems sooner. Overall, saving time and money andsupporting business intelligence efforts. Furthermore,IIoT allows industrial organizations to break open data silos and connect alltheir people, data, and processes right from the factory floor to the executiveoffices.1.2Big DataBig data describes the largevolume of data that includes structured, semi-structured and unstructured data,from different sources, and in different sizes varying from terabytes tozettabytes.The amount of data beingcreated and stored on a global level is almost unthinkable, and it just keepsgrowing. This allows for much more potential to obtain key insights from businessinformation and yet, only minute percentages of data is actually analyzed.

 The importance of big datadoes not simply just revolve around the amount of data you have, but what isdone with it. Analyzing Big Data allowsanalysts, researchers, and business users to determine root causes of failures,issues and defects in near-real time. Allowing them to make better and fasterdecisions using data that was previously inaccessible or unusable. They arealso able to analyze previously untapped data and recalculate entire riskportfolios in minutes and moreover, detect fraudulent behaviour before thecompany is affected.   2.0Benifits of Smart Manufacturing What is the benefit of SmartManufacturing? That is the question expected from everyone who is consideringgetting involved into Smart Manufacturing. Everyone starting from the suppliersto manufacturers, distributors, solution providers, retailers and the customersinvolve should have the chance of gaining benefit from a totally integratedwork environment that is seamless, affordable and more productive andcompetitive.   2.

1  Supplier Looking from a supplier’s standpoint, it has alwaysmade sense to be as precise as possible with the product produced, and the demandof the product. Smart manufacturing made it possible to approach new heights ofprecision in new ays with data, analytics, information and modeling.Using a real world example, food-processingmanufacturer depens on their extensive supply chain. From their manufacturingperspective, having the certificate of analysis as data before the product isshipped, rather than when the product arrives at the factory’s loading dock, isa big help. The data about the product can be incorporated into the final recipeat the factory so that the factory is configured and ready to go when theproduct arrives, hence saving both time and cost.Overall, from a supplier’s point of view, if they haveinformation on what the manufacturer needs and when, then they can work betterwith their products. Suppliers usually ship to more than one company, so ifthey have this information from multiple businesses, they can be moreresponsive to all of their partners. 2.

2  ManufacturerFor both the supplier and themanufacturer, the benefits result in more efficient and effectivecommunications. The stage is set for greater product transparency and track andtraceability. One can now see ways to use models to predict needs and mitigateproduct variations between the supplier and the manufacturer. A digital certificateof analysis that both parties can access via the SM platform’s cloud technology,is a key step that can lead to an increase in production, quality, visibilityand optimization acrossthe value chain.

 2.3  CustomersCustomers will benefit from the newfound information with moredata collected and interpreted through the value chain. Using the foodmanufacturing example, customer can stay better informed about the originalsource of the product and make value decisions based on how and where theproduct is made. Manufacturers can provide customers better pinpoint track andtraceability when there are issues.

In general, customersbecome a strong voice in establishing features and manufacturingprocesses so that the entire value chain needs to be responsive. Whenresponsive, it becomes a competitive advantage for themanufacturer.  Now, with the ability to display more accurate information toconsumers, customers will make better decisions using their purchasing power. Usingthe concept of demand dynamics,a more informed value chain is able to provide the products that the consumers are demanding. Knowingthat their needs can be addressed quickly, customers are able to purchase withmore confidence.

Furthermore, this can benefit manufacturers as this type ofcustomer-satisfaction driven focus can help build better brand loyalty.2.4  Overall1.    Improved productivity·        Smartmanufacturing processes provide greater access to data across an entire supplychain network. Real-time data outlines what the manufacturer needs and when. Thismakes things more efficient for suppliers and they can easily make adjustmentsto orders.

Suppliers can supply what is needed, not more or less, reducingwaste and any downtime associated with missing parts.

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