Industrial IOT benefits in the new normal
Four Durable Shifts for a Great Reset in Manufacturing – WEF
Since its inception in 2018, the World Economic Forum’s Global Lighthouse Network of advanced manufacturers has demonstrated how leading companies can work towards realizing the full potential of the innovations and advances at the core of the Fourth Industrial Revolution. Beginning with a select collection of leading-edge organizations, the network has seen how lighthouse factories can help entire organizations navigate their modernization journey, inspiring and catalysing change among partner organizations along the way. That is why the Global Lighthouse Network now comprises 54 sites, with 10 sites added in the third quarter of 2020. These manufacturers have excelled at Fourth Industrial Revolution transformation at scale while others have fallen behind, still stuck in “pilot purgatory”.
Production
- Factory output increase – 4% to 200%
- Productivity increase – 5% to 160%
- OEE increase – 3% to 90%
- Product cost reduction – 5% to 40%
- Operating cost reduction – 2% to 45%
- Quality cost reduction – 5% to 90%
Sustainability
- Waste reduction – 2% to 90%
- Water consumption reduction – 10% to 30%
- Energy efficiency – 1% to 50%
Agility
- Inventory reduction – 10% to 90%
- Lead time reduction – 7% to 90%
- Changeover shortening – 30 – 70
Speed to market & Customization
- Configuration accuracy – 30% to 90%
- Increase Lot size reduction – 15% to 66%
- Speed to market reduction – 15% to 20%
- Design iteration time reduction – 55% to 98%
Retrofitting is the only practical solution to equip manufacturers for industry 4.0 and our Industrial sensors and solutions simplify industrial IOT benefits through low-cost of ownership adoption models. The Return on Investment is evolving as deployments are gathering pace across industries.
The data aggregated using Ripples IOT platform facilitates workflow efficiencies, business process streamlining, and supply chain logistics visibility. The flexibility provided by the solution enables interdisciplinary collaboration. Integration with WMS, BMS, and PLC systems can also be explored.
Lean inventory: Optimise your inventory with connected storage and materials for IOT benefits in factories. Ripples IOT solution enables remote monitoring of the warehouse.
Proactive maintenance: Cut costs and improve productivity by identifying equipment failures ahead of time – eliminating unscheduled and expensive equipment downtime that would disrupt production and dispatches.
Secured product delivery: Achieve high customer satisfaction with connected product delivery. Ripples IOT solution can be used to track your high-value products in a shipyard during transportation eliminating any possibility of theft, abuse, and damage.
Interdisciplinary Collaboration: Ripples IOT solutions manufacturing provides the flexibility to collaborate with multiple departments and systems which is critical considering the quantity of the type of data aggregated. The robust technology partnership provides a reliable solution to monitor thousands of assets.
Operation visibility and control: Enhance higher visibility and control on operations with connected physical assets. Insights on shop floor operations can reveal eye-opening details facilitating higher optimization.
Physical distancing : Ensure workforce safety through indoor social distancing technology. Alerts and notification when people stand in groups of 5 or more within the stipulated timeframe.
Real-time machine operating data: Get data beyond machine usage with Ripples. Critical parameters like vibration and temperature of key components of a machine can be monitored in real-time.
Real-time machine operating data: Get data beyond machine usage with Ripples. Critical parameters like vibration and temperature of key components of a machine can be monitored in real-time.
The warehousing & manufacturing industries are all set for a major revolution with industry 4.0. The major players in this industry are drafting their IOT road map already. With the number of assets, operations, and supply chain involved, there is an entire ocean of untapped data in the manufacturing industry. Industrial IOT solutions in production management offer endless possibilities with connected physical objects deployed on a wireless mesh network.
No wiring, no installation procedures. Just deploy and enjoy the benefits of remote monitoring solutions for factories, warehouses, and eCommerce facilities. Many of these smart industries involve a huge volume of capital intensive assets. A major portion of these assets includes sophisticated machinery which addresses the need for precision and volume. For an established manufacturer, the cost of upgrading these machinery becomes unthinkable considering the cost and implementation.
Call us to know more about IOT benefits and deploying Industrial IOT use cases
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