43 Percent of Manufactures Embrace IIoT: Study

43 Percent of Manufactures Embrace IIoT: Study

The move toward IIoT enables real-time visibility and decision making across the supply chain. (image source: pixabay.com)

A study conducted by Zebra Technologies Corporation has revealed that nearly two-thirds of manufacturers are embracing smart technologies to achieve a fully connected factory by 2022.

According to the Manufacturing Vision Study, 43 percent of manufacturers embrace smart technologies. The manufacturers are adopting the industrial Internet of Things (IIoT) to enhance visibility and improve quality. Smart manufacturing is a new reality that manufacturers face and those that don’t integrate automation and smart technologies over the next few years risk becoming irrelevant.

The move toward smart technologies, sometimes referred to as the Industrial Internet of Things (IIoT), enables real-time visibility and decision making across the supply chain.

The study indicates that 62 percent of manufacturers use pen and paper to track vital manufacturing steps, putting companies at risk for error. Ultimately, this number is expected to drop to one in five by 2022.

At the heart of IIoT is the way companies capture and share data. The ability to have data immediately available in the cloud offers unheard-of visibility that heightens operational performance. However, few manufacturers are harnessing the power of their data. Zebra’s study found only 27 percent are currently collecting data from production, supply chain and workers.

Having instant access to data is essential to making real-time adjustments that ensure that the production process operates smoothly. It gives suppliers the ability to react to the changing needs of their customers while also keeping less inventory on hand and eliminating points of failure. In fact, 50 percent of manufacturers stated that improving their ability to adjust to fluctuating market demands is one of their top business growth strategies.

In addition to data, the shift toward a more automated environment is also putting technologies like voice solutions and RFID at the forefront. According to Zebra’s study, 51 percent of manufacturers are planning to expand the use of voice technology in the next five years, while 60 percent will expand the use of real-time location tracking to drive greater visibility and growth across their operations.

The smart factory of the future will be here before we know it. Now is the time for manufacturers to start integrating visibility solutions into the plant floor to increase quality, expedite production and reduce costs.

Edited by Fundisiwe Maseko
Follow Fundisiwe Maseko on Twitter
Follow IT News Africa on Twitter

Powered by WPeMatico

Leave a Reply

Your email address will not be published. Required fields are marked *