The Internet of Things (IoT) continues to evolve at a rapid pace. Businesses of all shapes and sizes, including manufacturers, are taking advantage of the technology’s ability to network, collect, share and act on data from their operations and their customers. The technology has been a cultural and economic boon to consumers, too. Households are increasingly deploying web-enabled thermostats, security cameras with mobile access, and door locks with virtual encryption.
In manufacturing, one of the most common applications of IoT technology is maintenance and equipment monitoring. Computer imaging and wearable devices are helping manufacturers solve their most disruptive business problems. For example, some manufacturers are using IoT sensors on machines to help pinpoint a failure or breakdown. These sensors can also be used for predictive maintenance, sending an alert to the supervisor when a machine on the plant floor needs servicing. By moving away from a regular maintenance schedule, manufacturers can increase uptime and lower costs.