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Wednesday, 15 July 2020
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The News and Media Division of The Insight Partners
Tuesday, 16 Jun 2020 07:00 pm

New Technological Innovations Eliminating Silos in Manufacturing Industry

The IoT (Internet of Things) has had a substantial effect on the manufacturing industry. The inter-dependability of sensors, equipment, machines, materials, processing units, plants, software, cloud technology, mobile devices, departments, and processes is aiding attain innovative outcomes along with driving value within the manufacturing industry.

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IoT is disrupting a lot of industries; however, it is the manufacturing sector that is gaining a maximum of it.Here are some of the ways in which IoT is aiding manufacturing industry to advance:

  • Supply chain Visibility

Supply chain visibility is important as well as challenging due to the number of regulatory compliances. Covid-19 has disrupted the complex web supply chain that has hampered every industry. To solve this issue, Melton Technologies Inc announced a new solution called HorizonGo. It helps companies keep up with the complexities and adapt, by giving customers the power of fleet management in the cloud. The company head Chuck Melton said, "The impact on the economy has been devastating. In spite of this crisis, or maybe because of this crisis, we have to look forward. HorizonGo is our way of lifting our industry partners and reinvigorating the supply chain."

  • Data Storage

The new oil – data – isvery important. It is essential to keep the data collected from sensors as well as machines secured for analysis and application. The cloud facilitates resilience and productivity in leveraging the data to create actionable solutions for manufacturing companies.

  • Smart assembly

To fill the gap between enterprise networks and manufacturing, some organizations have started deploying smart networks. This helps them reduce the downtime by allowingremote access to the systems as well as partners, followed by delivering precision, resilience and reliability from plant to enterprise.

  • Enhanced visibility

It is crucial for every manufacturing company to improve visibility in terms of requirement of resources, performance of the equipment and safety threats. IoT helps in building dashboards showcasing the details of plant ecology, efficiency, safety, as well as ROI (return on investments).

  • Extensive Plant view

Integrated systems of production are very crucial for manufacturers along with geographically scattered sites. IoT enables in reducing the lead times. Moreover, now for quick data transfer, improved responsiveness of the market, and prompt decision-making, people can leverage IP (Internal Protocol) network technology that connects enterprise applications along with the device-level production data within real-time.

Tags Manufacturing Data IoT Technology Innovation Software

Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


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