The Fundamentals Of Embracing IIoT For Your Company

Marketing Team
Published on December 20, 2020

The emergence of the Industrial Internet of Things (IIoT) in the threshold of mainstream technological disruption doesn’t only focus upon uprooting the traditional ways of doing things. This journey is synonymous with evolution, rather than a revolution. The refrigeration industry, for instance, has embraced IIoT in its truest sense. Instead of completely ripping out and replacing the existing systems, it is integrating the latest technologies with them and resultantly, enveloping the physical world with agile digitization. Doing away with hundreds and thousands of fully-functioning refrigerators would not only have been impractical, but incredibly costly and hazardous too. However, by simply upgrading the prevalent systems, the refrigeration companies are being able to gather and analyze data that are already stored in these systems, and uncover valuable patterns and insights.

Similarly, for the other sectors to adopt IIoT, they must realize that the road to this destination is not as complicated as it is believed to be. The fact that the companies would have to gear up for a few major changes in the ways they operated cannot be disregarded altogether. Nevertheless, all of it depends on how well the organizations could strike a balance between digitizing their existing systems and establishing new ones and keeping up with the ever-changing customer demands and market trends.

Everything that belongs to the domain of IIoT, revolves around using sensor-equipped devices to extract, decipher, and analyze data from multiple relevant sources. If needed, the technology could also automatically suggest or take actions based on these analyses and the unique requirements of the business. This is how predictive analytics becomes capable of spotting issues in an industrial setup early on and schedules preventive maintenance or optimizing inventory capacity in case of increased production.

In order to ensure that your business is making the most out of IIoT through in the forms of seamless growth, cost reduction, quality enhancement, and gain competitive advantage, there are a few things that must be kept in mind. Here are the three fundamental steps that every organization should follow to transform itself into a successful IIoT-powered enterprise.

Have the Right Team

Selecting the right set of people who are familiar with the functionalities and advantages of digital integration could be a challenging task. Therefore, to steer away from this complication, your organization must employ experts who have been in this industry for quite a few years and recognize how crucial it is to implement the building blocks of IIoT in their appropriate spots. These professionals are acquainted with software that collects and assess large volumes of data, and can also design cloud solutions for cutting down the additional costs and improving performance, security, and resilience of the entire network. The specialists can precisely examine the health of your company’s conventional system and accordingly, combine IIoT with the most flexible digital technologies like big data, blockchain, cloud computing, AI and automation, and more. Integrating the existing systems with advanced technologies doesn't only guarantee cost reduction but, also delivers clearer and better business results.

Have a Well-thought Plan Ready

It is imperative to note that deploying IIoT in your business is not a single-day project. It is a long-term consignment that calls for commitment, solid planning, and the ability to mold your strategies as and when required. This is why your company should have a well-thought plan at hand prior to the journey that keeps a track of the step-by-step implementation process and recommends alternative approaches if something falls out of place. The chief metrics of the upcoming stages can be defined following the success or failure of the previous steps and backed by the historical data regarding your organization’s performance. To be on the safer side and make certain that the deployment of IIoT seems attainable from afar, it is vital to include the aspects of resource allocation and uninterrupted funding in the plan and leave some room for unexpected changes.

Run a Trial Before Executing IIoT

Even if you have a group of well-skilled professionals working with IIoT for your company, we would suggest you run a trial before the full-fledged execution of the solutions. Remember that an unsuccessful IIoT deployment can inflict a string of repercussions such as increase of wastages, loss of sponsorship, unfruitful investments, and most importantly, production downtime. Thus, the stimulation applications must be fully tested to narrow down the chances of going wrong during on-field deployment of IIoT.