Challenges manufacturers face with too many single use IOT applications
As we engage more with manufacturers, especially our larger enterprise customers, we realize some of the difficulties associated with not having 𝐚 centralized platform for their sensor and manufacturing data.
Manufacturers face a number of challenges when it comes to having too many single use case IOT (Internet of Things) and sensor applications, including:
- Managing the fast increase in data: As manufacturers add more IoT devices and sensors to their operations, they may struggle to manage and process the large amounts of data generated by these devices, as these devices are collecting data in real-time. This can lead to issues with data storage, processing power, and network bandwidth.
- Scaling their devices and systems: As manufacturers adopt new IoT and sensor technologies from different vendors, they end up with more disparate and disconnected system of devices, making it costly to upgrade, connect these systems, and achieve interoperability (is the capacity for multiple components within an IoT and sensor deployment to effectively communicate, share data and perform together to achieve a shared outcome. )
- Limited customization capabilities: Some IoT and sensor applications may be inflexible and difficult to customize or may not bring all their operations data together, making it hard to connect their operational workflows
- Lack of data, from other sources, for stronger ML/AI Modeling: Many manufacturers may lack access to the rich data sets needed to train machine learning (ML) and artificial intelligence (AI) models because they have a mix of closed legacy and new systems which hold important data and are not easy to integrate with.
Benefits of implementing an IOT Platform
- Scalability: An IoT platform can support a large number of connected devices and sensors which automatically adapts as the number of devices increases over time. This allows organizations to expand their IoT initiatives at speed, without having to constantly implement new applications, from multiple vendors.
- Easily Customizable: An IoT platform can integrate with various types of devices and sensors and be easily adapted to meet the specific needs of an organization with no-code tools for the creation of custom workflows and integration with other systems. This allows organizations to customize their IoT solutions to fit their unique requirements.
- Advanced data analysis, storage, and insights: An IoT platform provides a centralized location for data storage, management, and analysis. This allows organizations to easily access and analyze data from multiple devices, sensors, and systems in one place, making it easier to identify trends, patterns, and insights.
- Centralized Security Management: An industrial IoT platform allows for centralized security management, which makes it easier to enforce standardized security policies and procedures across all devices and applications in the network.
Manufacturers can finally take the next step in digital transformation by bringing all their data into one place with a centralized platform. Instead of being reactive to problems, AI models can be used against multiple data sources to let manufacturers know where exactly their problems are and how to fix them. Additionally, with the ability to easily integrate with other systems and create workflows, manufacturers can further automate their operations. For manufacturers, this will lead to reduced downtime, less waste, reduced operational costs, increased yields, and improved safety. To learn more about how an IOT platform can improve your business, feel free out to us below!