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With technology in an industrial organization rapidly evolving and growing, it’s important to look internally and determine if having your own digital division makes sense in a business capacity. What are some areas to consider when making this decision?

The Internet of Things

The Internet of Things, commonly known as IoT, is all about businesses leveraging the interconnectivity of machines and systems with built-in sensors, data, and analytics designed with the purpose of providing businesses insight into processes and issues as they occur. It gives industrial businesses an insider’s view of how their machines are performing, what efficiencies can be improved on, and overall how they are impacting workflow. It has great potential in this and many other industries because it can improve productivity, product quality, and profitability.

Projected Growth

Despite most respondents expressing very real concerns around IoT adoption, the industrial sector is expected to steadily move in the direction of a connected work environment. 77 percent of survey respondents cited Industrial IoT as something that can spur growth, and 75 percent said that they believed agility is a benefit of proper IoT adoption. While adoption rates may be slow in these early days, businesses are starting to put their money where their mouth is, and we will likely see normalized IoT in the very near future.

The Future of Industrial Robotics

Event-triggered control systems are responsive to situations and initiated by an event. For example, a machine (or even an entire factory) responds to an event only when it occurs rather than at a designated point in time. So, when a machine is required to perform the next action in a manufacturing process, the step only occurs when the previous step is complete. This method allows for more complex communication between various machines and processes that simultaneously collect information as they produce the product.

Robotic systems can be built for daily inspections, maintenance, and troubleshooting tasks in remote locations. They can be used to crawl into locations that humans could not otherwise access. Autonomous driving robots can transport large battery systems to other robots within a factory. The automation of processes with reduced human error can provide substantial benefits to an energy facility. The possibilities are nearly endless, and the impact of event-triggered processes will increase profits, reduce waste, improve efficiency and take manufacturing fully into the modern age. Industrial IoT provides the opportunity for connected devices to respond to events occurring across the network, expanding an otherwise limited functionality greatly.

Investing in the Digital Future

There is no easy answer to the wide variety of challenges faced in the industrial market, even with some of these great new technologies becoming widely available. Regardless, now is the right time to reexamine your company’s portfolio through the lens of the new set of conditions you face and the new technologies available. The payoff for a digitally oriented organization, adapting quickly to new technologies, is very real. Data shows that across all industries, companies that earmark money for R&D spending on software earlier than their competitors enjoy greater revenue gains. To be a disruptor in your market requires invested time and money, but also some risk-taking. If you can be bold in the light of IoT, you will be the company others strive to catch up to.

Partner with Williams Industrial

Are you struggling to find the right talent for your open positions? Williams Industrial Services has more than 50 years of experience in the industry to help find the right workers for your company. Contact our team today to get started!

 

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