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Leverage The Internet of Things To Set Up A Smart Factory
Leverage The Internet of Things To Set Up A Smart Factory
of Things to Set Up a
Smart Factory
Table of contents
Executive Summary 3
Industry 4.0 3
Data 3
Automation 3
Precision 3
Industrial Automation 3
Business Benefits 4
Sensors 6
Network Connectivity 6
IoT Platform 7
Types of Sensors 8
Conclusion 9
The IoT system in a factory setting can work autonomously to For example, the company's safety engineers can establish safety
drive and monitor production with minimal human intervention. limits for each piece of equipment. If IoT sensors detect a rise
And equipment longevity is improved by IoT-enabled predictive in equipment temperature that brings it to that safety limit,
maintenance, where IoT sensors can detect faults on the basis the system will record this fact and it will trigger an immediate
of the data collected and independently make decisions to stop shutdown of the affected equipment. Or if the company does
faulty equipment before it fails. not want to implement an automated shutdown system, it can
set up the sensors to transmit data to key personnel with remote
monitoring ability on their desktops, tablets or other devices.
PRECISION These employees can then send instructions to the machine to
IoT sensors and other equipment are designed to sense and shut down, reduce its production rate or carry out any other
measure to an incredible level of precision, making them function in order to take care of the safety issue.
appropriate for almost any factory application, no matter the size
and no matter how exacting.
BUSINESS BENEFITS
Core business processes like billing, field service, product
registration, compliance, consumable management, recalls and Product Tracking
warranty management can all be improved with connected IoT-connected sensors can help manufacturers easily track
product data. On the other side of the IoT market, the selling products such as raw materials, finished goods, parts and more.
and marketing of connected products can deliver a competitive Real-time updates provided by the system can allow companies
advantage and drive revenue growth. to optimize logistics to streamline and accelerate their processes
Following are examples of demonstrating the value that can be and cut unwanted costs. Tracking products in real time allows
derived from enabling IoT in your company. companies to ensure the quality of their finished goods, maintain
inventory levels and even prevent theft.
INCREASED PRODUCT REVENUE For example, a manufacturing company required an advanced
system for tracking their raw materials while they were being
IoT enablement can add value by creating additional revenue transported. Using RFID tags, the company was able to track the
streams. For example, based on the value-added services exact location of the materials, allowing them to prepare for
made possible by IoT, suppose that a company estimates that a production while they were enroute and be ready for production
connected product line could generate an additional revenue immediately after they arrived. Real-time product tracking not
stream. Assuming customers will subscribe to these services only helps the company improve its efficiency, but also helps
within the first year of product ownership, here is a sample them save on time and costs.
calculation of increased revenue:
Step 1: Determine the value. To determine the value of a Predictive Maintenance
connected-product service contract for each product unit, IoT can help you accurately predict the maintenance cycle of
assuming the average selling price is $50 per year per user, and your devices, machines and their components by analyzing
the average number of users per connected product is 20, this historical data. Analysis of connected product data can also
comes to $1,000 per product ($50 x 20 users). uncover patterns that are early indicators of failures, allowing
Step 2: Estimate the total product revenue increase. Assuming you to initialize service. Rather than performing preventive
a 25% attach rate on a total product unit volume of 100,000, the maintenance on a calendar basis when it may not be needed,
increase in product revenue for the new connected application companies can instead track exactly how much a device has been
would be $25,000,000 (100,000 units x 25% x $1,000). used to determine whether it's time for service. This eliminates
unnecessary preventive maintenance calls and premature repairs
SAVING ON LABOR COSTS or component replacement. Service reps can also perform
preventive maintenance during scheduled calls, reducing
IoT can reduce labor costs by streamlining services and replacing unplanned and planned downtime and customer interruption.
some or all field service with remote work. For example, suppose This predictive maintenance knowledge can then feed increased
that each of a company’s field service technicians deployed in revenues by providing increased uptime with premium SLA pricing.
the field has a capacity of ten on-site customer visits per week,
each totaling about 4 hours per visit. For example, IoT-connected vibration and noise sensors on
machines and other high-end assets collect data regarding
Step 1: Visits per week. Determine the number of visits per the working of the machines and their components. The
week, assuming that an average field service visit at a customer collected data is analyzed in real-time to determine when
location is four hours long. Example: 40 hours per week/4 hours machine failure is likely to happen or predict the breakdown of a
per visit = 10 calls on average per field service technician per week. machine component or part. This helps the factory to carry out
maintenance in advance to avoid expensive downtime.
http://www.themanufacturinginstitute.org/~/media/659A17245F6F4375BCCE889079427CB6/Data_Driven_Manufacturing_Whitepaper.pdf
IoTConnect™
Smart Office - Smart Buildings - Smart Energy
Smart Manufacturing - Smart Retail
Smart Occupancy - Smart Healthcare
Predictive Maintenance - Remote Monitoring
DATA VISUALIZATION
CONNECTORS
PHYSICAL THINGS
SMART PORTAL
Smart Rules
Notifications
SMART SDK Things Management
VIRTUAL THINGS
Data API - DataLake
Social Media Feeds
ANALYTICS
SDK BRIDGE
AUTHENTICATIONS MOBILE APPS
& VERIFICATIONS
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