The Industrial Internet of Things (IIoT) is driving transformation in how machine builders deliver maintenance and support services. Connecting smart machinery to the Internet in a secure manner enables machine builders to remotely monitor the condition and performance of their customers' machinery on a continuous basis. IIoT also enables machine builders to apply analytics for adaptive control and predictive maintenance. With this remote, continuous monitoring by experts, the manufacturers that depend on the machinery should realize increased machine availability and performance. This, in turn, should lead to reduced capital equipment expenditures and improved machine output, labor utilization, and operator productivity.
Machinery Builders Industry Overview
Remote, continuous services represent a business opportunity that provides an economic benefit to both equipment users and suppliers. Using the framework of the Industrial Internet of Things, machine builders are incorporating embedded intelligence in machinery. This extends the diagnostic and data capturing capabilities of the machinery so that connected applications tracking performance and downtime can identify root causes of failure. The combination of embedded machine intelligence, secure connectivity, and analytics facilitates implementation of a remote service offering that improves machine uptime while making more efficient use of both the user's and supplier's resources.
Key Takeaways for Smart Connected Machines
- Connected machinery creates new maintenance service revenue streams for machine builders
- Connected machinery will result in more efficient machinery operation for owner-operators and more responsive maintenance
- Plants with heterogeneous equipment can leverage the principles of IIoT to improve maintenance response
ARC Forum Attendee Quote
"Attending an ARC conference delivered lots of value for me. It’s a great learning experience with great networking opportunities. Very enlightening. The conference was an excellent source of the latest information on IoT, supply chain, and manufacturing techniques and practices. But even more important, was the opportunity to learn about future technologies and opportunities to help us strengthen our business model. This included some good, hands-on information. I thoroughly enjoyed the conference and look forward to attending next year."