IOT the future of manufacturing
–Nathan Knight, General Manager ANZ, Lenovo DCG With Australia’s 5G networks set to go live this year, we can expect a new wave of possibilities in the manufacturing industry to usher in a new era of economic growth and hyper-connectivity. 5G isn’t just about consuming more content faster, but also how high-speed connectivity supports new work from home arrangements, smart vehicles, devices and factories where plenty of data are exchanged in the network every second. This looks set to propel the adoption of the Internet of Things (IoT) and catalyse connectivity beyond recognition. IoT is the future of manufacturing IoT and 5G together are key for manufacturing companies to connect all stages of the planning-to-sales process, offering a holistic view of real-time benefits. They allow data to flow back and forth through multi-dimensional ecosystems, enabling suppliers, manufacturers and customers to conduct business more efficiently. IoT-enabled devices collect masses of data, allowing manufacturers to achieve higher product quality, better-informed decision making and greater foresight with predictive maintenance. At a supply chain level, IoT streamlines processes where various shipments coming in daily need to be synced into the production schedule and tracked until the final delivery stages. This entire process needs to be arranged with precision so entire factories are being IoT-enabled with smart devices that track the position of each employee and machine. While the benefits of the technology are vast, a quick summary of what enterprises can hope to achieve through the creation of IoT enabled networks includes: Identification of issues before they occur, for example, potential breakdowns Optimisation of supply and reduction of costs through closer observation of the production network Improved analytics and decision making through relevant, real-time data Enable efficiencies of scale in areas such as inventory, production, logistics, etc. Increased consumer loyalty through improved products Prediction of issues and optimisation of inventory management by closely monitoring materials and products throughout the manufacturing process Getting the most out of IoT with Cloud and Edge IoT generates mass amounts of data that manufacturers are required to store, secure, manage and analyse in order to gain business insights. Not only do cloud-based solutions perform these essential functions, but they also allow for better collaboration with developers and analysts who are able to store and access data remotely while managing workloads in response to operational cycle demands. Further to this, by incorporating IoT into the cloud, manufacturers can better connect different plants and storage clouds across a variety of locations, and the use of artificial intelligence in this network can help manufacturers capture new growth opportunities. It’s no wonder that manufacturers are now more interested than ever to leverage the cloud to intelligently […]