The upstream Oil and Gas industry had several knottier issues to be solved when the era of Digital Transformation started flourishing. Many supply management systems were manual and outdated. A vast ocean of data was unutilized.
The advent of IoT has brought a revolution in the manufacturing industry. With more focus on improvement of processes, legacy systems have been replaced with automated systems and at the same time, the blend of Information Technology (IT) and Operational Technology (OT) has led to the growth of specialized Industrial IoT (IIoT) solutions. The industry has leveraged the use of RFID, real-time sensing, and advanced control devices to track factory or assembly-line components.
By 2020, manufacturing industries are expected to make greater investments in Industrial IoT (IIoT) and drive greater efficiency by virtue of a connected factory. A connected factory completely transforms the manufacturing processes with:
- Business Intelligence (BI) due to Level 4 integration of IT and OT infrastructure
- Automated computation of KPIs and operational dashboards
- Reports on security checks and digital inspections powered by Industrial Wi-Fi
- RFID-enabled asset tracking of vital factory components like valves and actuators
- Wearable devices for workers that transmit real-time equipment and asset data
- Insights for timely action by various managers