Industrial Internet of Things
IoT is increasingly being used in manufacturing. For example, it allows companies to monitor indicators remotely. Sensors regularly transmit information from the equipment to operators and signal when values are out of range. The sensors also collect information continuously. The data is sent to the IoT platform. The platform organises, stores and visualises the data for users via a web interface.
The Internet of Things with various sensors and analysis software can determine how equipment is performing, when there is downtime, which shift is best for manufacturing products, and so on. Data analysis helps to optimise the use of resources and improve the efficiency of business processes.
IoT solutions can even predict potential equipment malfunctions before they affect production. This proactive approach has its own benefits - extending the life of equipment, optimising the production process and improving working conditions.
More and more industrial companies are showing an interest in IoT technologies and how they can be applied to their own business processes. Analysts predict that industry will be one of the growth drivers of this market. In particular, according to the forecast of the international consulting company McKinsey & Company, in the near future the main area of application of IoT solutions will be industry, including agriculture - 26% of the market.
- Smart cities - 15%.
- Healthcare - 13%.
- Construction and resource extraction - 12
- Retail - 10%
- Smart homes and smart public transport - 7% each
- Personal vehicles - 6% each
- Office activities - 4%.
IoT by BizUpLab
To accelerate business processes and collect critical operational data, companies around the world are adopting the Internet of Things. BizUpLab works with software embedded in IoT devices with sensors, touchscreens and other input methods capable of capturing real-time data. If you would like more information about implementing the Internet of Things and how we can work together, please contact us using the details on our website.