Studies show that 86% of manufacturers are investing in the Internet of Things (IoT) as they go after an estimated $4 trillion in benefits for manufacturing applications. Why now?
The cost of sensors, networking, storage and computing have dropped dramatically. New architecture models and technologies have emerged that ease deployment and accelerate time to value. Operations can increase overall equipment effectiveness (OEE) and create new value through insights locked in both existing control systems and by adding new sensors to track asset health and processing conditions.
Panduit’s Jack Tison discusses the evolving automation network architecture, and how IT and OT are converging on the plant floor to help organizations stay competitive in the age of the Internet of Things (IoT). Watch the video
Traditional automation architectures will continue to evolve to make machines and process skids grow ever smarter. However, there is a complication: these equipment assets need to be connected to the plantwide enterprise in order to unlock data and allow for wider scale and more innovative analytic approaches. This plantwide network fabric is critical for advancing IoT.
Meanwhile, new approaches to acquiring sensor data through wireless mesh networks have been developed. These sensor networks do not directly connect to critical automation control systems, but instead connect to computing resources close to the edge and to private/hybrid cloud resources. These new network architecture models advance what we can collaboratively achieve together as end users and vendor communities.
What is the key to faster and larger return on investment (ROI)? It lies in leveraging reference models, architectures, and ecosystems to go from opportunity assessment, to pilot project, to full scale value creation. The exciting part about these new IoT approaches is the potential to innovate on an ongoing, sustainable basis with access to deeper, richer data and more powerful, flexible, data analytics for system level insights.