Radwell E Magazine Issue 01 - Page 11



These sensors and devices can also enhance
worker safety. Machine malfunctions alone can
create conditions that harm workers. Sensors can
detect when workers are using machinery
improperly and alert supervisors. They can detect
the presence of unwanted liquids, gases, radiation, or other issues that can harm the health and
safety of employees.
Best of all, IoT technology can include fail-safes
that can shut down affected equipment if necessary. When seconds can make the difference
between safety and injury, automatic shutoffs (as
opposed to waiting for human reaction) can save
lives and prevent property damage.
Will the IoT Bring an
Economy That Needs
Fewer Jobs?
One of the main criticisms of adopting the IoT lies
in a perceived threat to jobs, especially in the UK
and other industrialised nations.
History shows that the adoption of labour saving
technology actually increases the number of jobs
overall in manufacturing. When companies can
save money and time in one sector, they usually
invest the added capital into operational
expansion.
Experts have pointed out that the impact of the
Second Industrial Revolution, for example, brought
exponentially more jobs to
manufacturing, but the IoT could result in even
more dramatic growth.
In truth, the IoT will help to bring manufacturing
jobs back to the UK and other industrialised
countries through restoring each nations'
competitive advantage over less industrialised
nations with lower labour costs.
In the last century, companies with labourintensive manufacturing found that they could
only maintain a competitive advantage by
moving operations overseas or outsourcing to
foreign companies. Labour costs in Vietnam,
China, and even many parts of the United States
undercut those in the UK considerably. IoT
replacement of certain categories of workers
reduces the labour cost edge, making British
advantages, such as reliable infrastructure,
political stability, and closeness to market, more
important.
When combined with the 2017 cuts in corporate
taxes, efficiencies brought in by the IoT have
made the United Kingdom a much more
favourable location to build or expand
manufacturing.
Martin Thomas, European Marketing Manager
at Radwell said “Just like companies a century
and a half ago considering whether or not to
invest in Second Industrial Revolution
technology, businesses today cannot ignore
advancements if they want to grow or even
survive. The IoT and all of its applications
represent a vital investment. Some companies
may choose to ignore it, but they will fall
behind competitors, losing market share and
profit.”
11

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