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Smart manufacturing is about harnessing the power of data and using analytics to run your facility better. Internet of Things (IoT) technology can communicate what needs to be done at the exact moment of relevance. Manufacturing equipment can be fitted with sensors to collect data and better understand how machines are operating. Condition based monitoring system is developed for IoT based health monitoring of a dedicated system installed in plants.

For example, let’s say that you’re maintaining an expensive and valuable piece of equipment. In the past, the process involved a few basic steps, including:

·         Measuring how frequently the machinery failed and using a preventive maintenance schedule that was slightly shorter than the average period of failure.

·         Waiting for the equipment to fail.

·         Fixing the equipment.

 

This process is not optimized because it using historical instead of real-time data. Using IoT sensors that are strategically placed on the machines empower companies with more information on equipment health than was previously possible. A large amount of data is collected, but equally important are the insights made available by that data. Now, managers can truly understand when equipment needs maintenance and replacement before urgent situations arise. Here are some important benefits of IoT for the manufacturing industry to consider.

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