How IIoT is Helping Employees Effectively Achieve Value
With recent advances in machine learning, machine-to-machine communication (M2M) and big data, the Industrial Internet of Things (IIoT) is rapidly impacting every industry. In a recent report, this utilization of IIoT “could add US $14.2 trillion to the global economy by 2030.” One of the biggest contributors to this increase is in how IIoT enables employees to effectively achieve value and reach their highest potential. Connecting your company’s devices with sensors and collecting data is just the beginning. Where the true value of IIoT emerges is when employees leverage this new data to improve current processes and better perform their duties.
Through connected products, IIoT can automate monotonous tasks that have historically been completed by employees, or significantly reduce the time required to complete them. This allows employees to focus on the more important aspects of their jobs in order to provide more value to the company. For instance, Bosch is leveraging IIoT to cut operating expenses by developing MEMS sensors that detect micro vibrations. These MEMS sensors will generate data that employees can utilize for preventative maintenance rather than spending a portion of their day manually running checks on equipment. With IIoT projects like these, Bosch is said to “have the potential to cut operating expenses by up to 30%”. Now employees are able to utilize their time more efficiently, focusing on machines in need, rather than regularly scheduled check-ins that often prove unnecessary.
Despite companies like Bosch making strides with IIoT, many organizations have yet to realize the potential savings and increased revenue opportunities gained from IIoT. For example, one employee at Hershey hoped to optimize the Twizzler production process and began setting up sensors at several important steps of the process. Once he collected and analyzed the data, he was able to utilize his findings to identify inefficiencies and significantly optimize the candy production. For Twizzlers alone, Hershey has saved $500,000 for every 1% of improved efficiency. A senior manager at Hershey said, “We literally were able to build this without a data scientist.” If Hershey expands these efforts to their other candy products, they could save tens of millions of dollars with little investment other than enabling their employees with access to the right data.
Computing technology has been revolutionizing the workplace for decades. Now, IIoT has the potential to bring companies and their employees to the next level of efficiency. The immense amount of raw data being generated by these connected devices can now be analyzed in real-time and translated into actionable information, thus allowing your employees to proactively catch and resolve problems quickly and more efficiently.