Top 5 IIoT Trends that We Witnessed in 2021
As we draw the curtain on 2021, Future Algorithms, the leading provider of industrial IoT solutions in India takes a look at the various IIoT trends that impacted industries over the last twelve months.
Covid-19 continued to deal a major impact this year as well and the second wave of the pandemic forced businesses to cut costs, trim their workforce and halt production for a good part of this year. However, the silver lining is that the Covid-19 outbreak accelerated the adoption of IIoT (Industrial Internet of Things) across sectors.
IIoT helps manufacturers and other businesses achieve operational efficiency by automating processes. With IIoT, businesses gained more control over production and also enjoyed reduced costs. Industrial IIoT is expected to become a huge influence in 2022 and the coming years. More and more companies are quickly moving towards industry 4.0.
Let’s take a look at the top 5 industrial IIoT trends that shaped this year.
Increasing Preference for Sustainable Manufacturing
Net neutrality, COP 26, net zero emissions, climate change reversal, resource efficiency were some of the biggest global topics this year. Governments across the world are realigning their strategies to achieve climate neutrality. Just like all other industries, the manufacturing industrial sector is also embracing sustainability faster than ever before.
India has committed to meet 50% of the energy consumed from sustainable sources by 2030 and hopes to achieve net-zero emissions by 2070. There was more focus on E3: Economy, Energy and Environment, whereby manufacturers aim to increase productivity while reducing energy costs and environmental effects.
More and more manufacturers are looking for innovative ways to increase sustainability in their operations. To stay globally competitive, manufacturers have to work on solutions that make their machines run more efficiently, while reducing energy consumption and waste generated.
Smart Tip from Future Algorithms: While sustainability may seem complex and complicated, getting started with sustainable manufacturing is quite easy. By switching to a smart IIoT dashboard, you can get real-time insights at your fingers. This helps you operate machines more efficiently, thereby reducing energy consumption significantly. Get in touch with our team to know more.
Demand for Custom Smart Solutions
The problem with IIoT is that it doesn’t offer a one-size-fits-all solution. With so many factors to consider, custom IIoT solutions were huge in demand this year. Customisation plays a key role in successful IoT implementation. IIoT is more than a tool or technology. It’s a solution-focused product, helping manufacturers find the right solutions that matches their needs perfectly.
Smart Tip from Future Algorithms: To keep up with the fast-changing market demands and technologies, your IIoT solutions have to be flexible, nimble and scalable. While choosing industrial IoT solutions, look for providers who keep on innovating and help you stay up-to-date with the latest technologies like Future Algorithms.
The Rise in Implementation of Predictive Technologies
One of the biggest hurdles for manufacturers is – unexpected downtime. Unexpected downtime not only disrupts the production cycle but also impacts the bottom line as it increases operational and labour costs. Additionally, unexpected repairs adversely impact equipment life span and product output qualities.
With advanced sensors in manufacturing, real-time monitoring was made easier and more accurate than ever before. Predictive maintenance made a major breakthrough in 2021 and several manufacturers implemented IIoT solutions to help them with predictive maintenance. Predictive maintenance offers several benefits like:
- Identify problems ahead of time
- Schedule planned downtime
- Keep operations running as planned
- Enhance the lifespan of equipment
- Improve productivity and outputs
Smart Tip from Future Algorithms: Implementing predictive maintenance is a huge boon for manufacturers as it helps in cutting down repair costs significantly. Get in touch with our team to find out how predictive maintenance can help in improving your output quality.
Digital Twins
Remote access of machinery was another major trend in 2021. Remote access becomes essential not only for convenience but also to ensure the health and safety of floor workers during the pandemic. Digital twins are digital models that use IoT sensors to update the digital model based on real-time changes happening at the source project.
We saw several manufacturers implementing digital twins during 2021. They offer real-time status updates and workforce flexibility, which is a win-win for both manufacturers and workers.
Smart Tip from Future Algorithms: By using multiple sensors, today it’s possible to track and analyse real-time data more effectively than ever before. Technologies like AI and IIoT when combined together can help in improving the accuracy of planning and forecasting, all without the need to be physically present on the factory floor.
Increased Spending on Cybersecurity
Just like every other feature powered by the internet, IIoT is also vulnerable to cyberthreats and attacks. In 2019, over 90% of customers expressed a distrust in IoT networks due to their vulnerability to digital attacks. It is to be noted that over 100 million breaches were executed on IoT endpoints in 2019.
Smart Tip from Future Algorithms: It’s always a great idea to integrate cybersecurity from the beginning instead of adding it on as an afterthought. Increasing your cybersecurity defences are no longer a choice but a compulsion.
Step into IIoT and Digital Transformation in 2022 with Future Algorithms
Do you need help on taking your first steps in IIoT implementation? Get in touch with our team to brainstorm an expert strategy for your digital transformation. Begin the new year with the best IIoT solutions and take your business to the next level.
