The industrial space has emerged as one of the quick and effective adopters of IoT technology. It could be rightly accepted that the advent of IoT in the domain of manufacturing has aided workshops and companies to overcome the issues faced in the production process, thereby garnering benefits from a real-time monitoring system.
Being a proven application belonging to the landscape of Industrial IoT, Machine Monitoring stands to the manufacturing sector’s specific challenges, be it the machines or the processes for shop floor production (Process Monitoring through Machine Monitoring). It facilitates data collection and processing from various industrial machines and equipment to further identify bottlenecks and enhance the facility’s working efficiency.
A Brief Outlook into Machine Monitoring
Let’s take a glimpse as to what the concept of Machine Monitoring stands for, what its market looks like, and how it works as a catalyst to the Manufacturing Industry…
Know Machine Monitoring as a simple idea that focuses on collecting data from machines, transferring the data to the internet to monitor and analyze the same, all in the context of manufacturing, and just to foster efficiency and productivity in the production terms. The data that comes into the picture of Machine Monitoring stays precisely specified. For instance, it could be regarding the Machine Status (ON/OFF, Speed, etc.), the machine’s quality, operator effectiveness, and more.
So, what’s the end result of this process, you would be wondering? Well, it enables real-time production monitoring and advanced analytics of the production data by means of connecting machine data feeds to the internet.
When we had a look at the global market scenario, we learned that its market size is projected to rise at a CAGR of 7.0% by the end of 2025. Being valued at USD 2.6 billion in 2019, its market is estimated to touch the heights of USD 3.9 billion by 2025, as reported by Markets and Markets.
The data, as mentioned earlier itself, quotes for the value instilled by the Machine Monitoring to the industrial space, be it mitigating the operational costs of the company, or boost their production rate while also maintaining optimum plant efficiency.
Unveiling Machine Monitoring as a Catalyst
As we direct our focus on the logic as to how Machine Monitoring stimulates the arena of manufacturing, let’s take a look at the merits provided by it:
Optimizing Equipment Downtime:
Machine Monitoring enriches the manufacturing arena by helping in effectively operating in a streamlined process. It achieves this by tracking the machines’ working time, getting real-time alerts, and taking proactive measures to mitigate downtime. Hence, solving the issues regarding unwanted component breakdowns and machine malfunctions that eventually restricts them to keep their production line running.
Enhancing Facility Efficiency:
Machine Monitoring allows for data processing that enables the machine handlers to find inadequacies that bound machines from operating with optimum efficiency. For instance, companies can observe the amount of energy expended by all of their devices and take adequate actions to control their power quality results. Real-time energy consumption insights empower companies to help them proactively monitor power utilization, allowing them to improve their plant’s performance.
You receive the facility of monitoring industrial apparatus condition, as Machine Monitoring leverages you with different parameters measuring. Machine Monitoring Systems can help you measure parameters like temperature, vibrations, pressure, and more to help companies identify the volume of resources consumed by the machines. Hence enabling better and informed decisions like proper stock level management, etc., to eventually reduce wastage.
There are many other advantages of Machine Monitoring that effectively make it the catalyst to the manufacturing industry. A few of those can be named improved communication within the industry, real-time notifications, and more.
The Final Lines
Considering the above points, it could be finalized that the Machine Monitoring Solution stands to be an effective catalyst of the manufacturing domain as it provides for monitoring and creating a next-level communication network within the industry. This network can then be utilized as a useful source for analyzing the whole plant’s activities. To have a crisp glimpse, take an idea of Teksun’s developed Machine Monitoring System – Driven by IoT, it stands to be an embedded system decked with cutting edge sensor technology and smart software algorithms.