What is Industrial IoT Platform?
IoT refers to a network of devices that are connected to the Internet and can “communicate” with each other. These devices include smartphones, wearables, smart home devices, and industrial devices such as smart devices. These smart connected devices are able to collect, share and analyze data and perform certain operations. In the sector of personal consumer goods, portable devices have undergone a transformation from old cell phones to smartphones. With cell phones connected to the Internet, people’s lifestyles have changed totally. A large number of sensors are integrated in a cell phone, such as those for monitoring position, altitude, air pressure, magnetic field, etc. Through these data, various functions are realized, transferring information in time, making people’s life convenient and cultivating all kinds of digital industries. This is the power of the network, and research shows that in 2025 there will be more than 75 billion devices connected to the Internet.
Meanwhile, in the industrial sector, there are still a large number of isolated devices which cannot communicate through the network and must be controlled manually or through simple control systems. Some devices even require manual regular data recording. Therefore, it is difficult to obtain real-time information about the status of the devices and to accurately predict the capacity of the devices and the time when the devices need maintenance before they fail. When a traditional industrial enterprise gets an order, its personnel need to evaluate whether the existing equipment capacity can meet the requirements of the order and to manually collect statistics. Sales department will forecast and arrange production according to the order data, which may take about days or even weeks to finish. As a business manager, when a shop floor supervisor applies to you a request for purchasing production equipment, how do you determine if the purchase demand and quantity are reasonable and comprehensive enough without statistical “survivorship bias“?
In this circumstance, if you connect the equipment to the network through connectors and integrate them in ERP, CRM and other related systems for managing orders and customer data, you can easily make quick forecasts of equipment status, capacity and costs, and evaluate whether the existing equipment can meet the customer demand. No matter whether you are a small enterprise or a large enterprise with multiple factories, you can integrate all the factories into one platform through industrial Internet technologies to monitor the status and working environment of each piece of equipment in real time, and deploy production resources to improve the utilization rate of equipment. All this can be easily achieved through an Industrial IoT Platform.