Radwell E Magazine Issue 01 - Page 10



Importance of Data
Collection in Building
Efficiencies
One of the basic functions of IoT in any application
lies in the harvesting, categorising, analysis, and
application of data. Data well used can help
businesses react more precisely and with more
flexibility to market changes. Over one-third of
manufacturers have already implemented IoT
systems for data collection.
IoT based devices can create efficiency through
monitoring production lines as well. Sensors can
keep track of both human and machine productivity
shifts, allowing managers to devise strategies to
maximise productivity or identify problems. Those
problems could relate to either machines
functioning improperly or to employee issues. Data
collected from monitors can also help companies
figure out the most effective manner in which to
organise production.
Data collected from IoT devices can also help to
improve quality control, ensuring that less time and
cost goes into identifying and correcting quality
issues. Those savings relate directly to increased
productivity, which should lead in the end to
increased profit.
More efficient operation equals time and money
saved. Those who do not apply IoT technologies
risk losing valuable ground on competitors. Costs
for those not using IoT will only increase over time
as competitors grow more efficient and productive.
Companies have found that by using IoT, they
reduce costs, increase quality, and improve delivery
time to market.
10
Radwell.co.uk
Basic Applications Can
Save Time and Money
Some companies have found significant savings
in using IoT for even mundane tasks. Large scale
operations require the storage of tools and other
equipment in areas that can be difficult to
navigate.
Remote Monitoring and
Sharing of Information
Large scale manufacturers are often worldspanning organisations that have vital facilities
all over the world. A global manufacturer with a
home base in London, for example, may have
operations in locations such as Los Angeles and
Sydney, in addition to their domestic operations.
If fully connected, managers in the company
headquarters can monitor production
everywhere in real time. Manufacturers who
assemble different components in different
locations can benefit from this real-time
information sharing and can plan more
effectively for logistical and other needs.
Assisting Preventative
Maintenance and
Promoting Safety
IoT-based technology can place sensors and
other devices into essential equipment to monitor
performance over time. If programmed properly,
IoT devices can compare performance data over
time and predict maintenance needs or even
provide warnings of impending breakdowns.
Preventative maintenance can save days or even
weeks in lost production through averting major
equipment malfunctions.

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