The industrial internet of things (IIoT) is the use of smart software solutions to enhance manufacturing and industrial processes. IIoT uses smart devices and real-time analytics to take legacy equipment to a whole new level.
The new reality is that IIoT is enabling AI to record and analyse data more accurately than humans, and AI is better and faster at communicating crucial information that can be used to optimise business processes.
Smart IIoT solutions allow companies to identify inefficiencies and red flags sooner. This not only saves time but is good for the bottom line
Which industries are using IIoT?
There are countless industries that make use of IIoT. One example is the Healthcare and Research industry. Adoption of IoT in healthcare was initially slow, but the Covid-19 pandemic has led to an increased appetite for global connectivity; in turn, creating an environment more conducive to the success of innovations such as telehealth, digital monitoring and remote monitoring.
According to BusinessWire, the demand for IoT in the healthcare industry has been growing exponentially. The global IoT in the healthcare market is expected to grow with a CAGR (Compound annual growth rate) of 18% from 2020 to 2025; starting from a market value of approximately $104 billion in 2019.
Many biological samples, such as vaccines and pharmaceuticals, must be maintained at very low and carefully controlled temperatures, which makes leading cryogenic equipment imperative within the healthcare and research industry. Smart cryogenic equipment such as pumps and monitors can assist with effectively transferring gases and liquids between a variety of cryogenic storage tanks and cryogenic transport vehicles.
IIoT is also being used extensively in Transport and Cold Chain Monitoring. A cold chain is a temperature-controlled supply chain made up of production, storage and distribution activities. It is imperative that these cold chain systems remain unbroken in order to ensure optimal quality of goods all the way from manufacturing until they reach the end-user.
Monitoring cold chain systems requires specialised equipment and logistics, which maintain and monitor the assets under carefully controlled environmental conditions. In addition, cold chains are prone to mechanical breakdowns, traffic delays, theft, human error and other factors.
By employing IoT cold chain monitoring and GPS tracking systems, companies can have better control and insight into issues in real-time.
IoT systems can help with valuable insights such as reporting, data analytics, and tracking software integration. Thanks to powerful software such as “CryoHub”, it has become possible to uninterruptedly monitor the performance of cold chains in real-time and ensure adherence to guidelines set by regulatory agencies such as the Food & Drug Administration (FDA) and the World Health Organization (WHO).
Thanks to advances in cryogenic ecosystems, made possible by the IIoT, industrial equipment is getting smarter.
What is the key megatrend enabled by IoT? IoT and Global Connectivity, read more.
9 Key ways that the IIoT and AI are creating tangible benefits in the Health, Energy and Transportation Industries.
1. Timely alerts
IoT monitoring devices can assist with ensuring that all key stakeholders receive timely alerts whenever there is an excessive increase or decrease in key metrics such as temperature, pressure, humidity, leaks, or even vibrations and also ensure all the stakeholders are notified each time there is damage to the packaging, delays, or potential theft.
Timely alerts are integral to ensuring that the amount of wastage or the damage done to products or production processes is minimised as much as possible.
2. Macro-level tracking
IoT-enabled devices often have the ability to check in via satellite, register with a network, and use technologies such as GSM, Bluetooth, 5G and other technologies; keeping track of everything that matters to you without interruptions or delayed information.
As the advancements in cellular and wired data communication costs continue to decline; the use of IoT sensors and video/photos to monitor remote sites will continue to increase, and companies will continue to optimise operations by reducing the time employees spend servicing systems in the field.
3. Faster reaction to changes, damages or delays
Use the power of IoT to react to critical changes in any or all of your operations, transit, or production processes. IoT technology gives you the opportunity to manage faults or incidents before they reach a critical stage - reducing the loss, damage and increased costs to your business.
4. Exact temperature readings
Manually monitoring and logging temperatures always leaves great room for human error, and where temperatures need to be precise - errors can be catastrophic.
Use the power of IoT to not only get accurate temperature readings of all your shipments, bio-storage, or gaseous levels - no matter where you are; but also be able to adjust the temperature levels remotely.
5. Accelerated Troubleshooting and Responses
It’s one thing to have all the IoT technology bring ease to your fleet, cryogenics, or bio-storage monitoring; but all that would mean very little if they do not accelerate your troubleshooting and response time.
Having insights into pipeline integrity round-the-clock means that any abnormalities or deviations are instantly reported. Smart sensors can also communicate not only the early stage deviations and damage, but also the location and extent of the damage - assisting with early warning and reducing the time between damage and response.
6. Advanced Maintenance Strategies
The collection of pipeline integrity, operations, or bio-storage data over a period of time can go a long way in assessing, anticipating and predicting failures before they occur, leading to more enhanced predictive maintenance strategies.
Predictive maintenance can also help with long-term planning and reduction of schedule-based routine maintenance checks.
7. Automation of Manual Tasks
Having an IoT-based monitoring network can drastically reduce the need for regular field inspections and data logging; increasing the level of data accuracy and saving companies on costs and giving employees more time to focus on more productive tasks.
8. Optimised Asset Utilisation and Future Design
IoT sensor data gives companies a deeper insight and understanding into their pipelines and how they behave under different conditions such as temperature, moisture, humidity, weather, and other conditions.
This smart data is instrumental in improving future engineering and construction practices for the sake of the all-important bottom line.
9. Enhanced customer satisfaction levels
Smart IIoT solutions improve customer satisfaction. When products are connected to the IIoT, an industrial manufacturer or supplier can record and analyse data about how customers use their products, which enables them to build more customer-centric product roadmaps.
Quantum Cryogenics has developed a range of smart solutions and software that make the benefits of these IoT advancements accessible to businesses across the globe.
We place particular emphasis on making the best use of your existing equipment and designing a seamless solution to really work with your internal organisation. Our engineers are cryogenically trained, and we place great importance on safety and reliability as the basic building block rather than excessive gadgetry.
Quantum has an in-house installation and service team that covers all aspects of cryogenic equipment usage. Our engineers can visit your site (UK & Ireland) and discuss how to integrate your existing equipment with new Quantum electronic monitoring products. Where necessary we partner with cryogenic pipeline suppliers and cryogenic storage manufacturers to allow us to offer a complete and integrated solution.
Our technology including gas detection, cryogenics and logistics monitoring, has been at the forefront of industry, cutting across sectors including healthcare, energy and transport.
Connectivity is the future. That is why we are launching smart technology that is ready to meet industry-specific needs within a highly connected world. We deliver data where and when you need it.
Is your industrial equipment as smart as it should be?
For companies wanting to expand their reach, global connectivity is essential. So, if you’re ready to set yourself apart from your competitors with the latest that the IIoT and AI have to offer.