Every year, on the occasion of Dussehra, millions of Indian industrialists & manufacturers gear up to perform “Aayudh Pooja”, to usher productivity and prosperity into their plants. The modern Industry is plagued with many a demons hindering the productivity of your factory set up like unplanned downtime, equipment breakdown, excessive inventory, machine bottlenecks, quality rejection, and so on. All of these ultimately result in reduction of throughput, efficiency & productivity.
The root cause of all these problems can be traced to non-availability of real time production data for analysis and proactive decision making thereby. Industry 4.0, the oncoming Industrial revolution exactly aims at solving this problem by using smart technology and real-time data to increase productivity and reduce costs. This is made a reality with IoT technology which connects machines, systems, people and products via the internet, creating smart factories. Industry 4.0 rests on dual pillars of a technology like IoT which facilitates collection & communication at real time with machines and a highly-scalable, real-time, big-data analytics engine and alerting and monitoring services that can be used to derive insights from the data.
An IoT powered smart enterprise is prepared for any upcoming event, with its predictive analytics and condition based monitoring functionalities. Inventory, asset utilization can be planned in advance along with operator shifts and downtimes. This essentially leads to productivity improvements, energy savings and improvement in labor efficiency. Improvements in equipment maintenance, inventory optimization, and worker health and safety are also sources of value in factories.
With increasing digitization & competition, IoT has long left the list of “good to have” initiative and joined the “should have” list of hygiene factories, irrespective of size of the enterprise. According to Business Insider, it is estimated that global manufacturers will invest $70 billion in IoT solutions in 2020. Manufacturers across the globe in all areas —automotive, electronics, chemical, durable goods, etc. — have invested heavily in IoT devices, and they’re already reaping the benefits. Manufacturers utilizing IoT solutions in 2014 saw an average 28.5% increase in revenues between 2013 and 2014, according to a TATA Consultancy Survey. At Altizon, we specialize in making your enterprises IoT ready with our world’s first Industrial IoT Platform Datonis.
Dussehra is considered as an auspicious start for new initiatives, an occasion for a new beginning. On this Dussehra, how about taking your first step towards killing the demons of inefficiency by starting Industry 4.0 initiatives at your plant? Talk to us how we can help you.
Usher in prosperity in your factory this Dussehra with Datonis!
Wish you happy Dussehra!!