Few people probably realize it now, but back in 1999 Kevin Ashton, a renowned British technologist, coined the term Internet of Things (IoT), and people thought it was just an emerging technology buzzword. But 23 years later, IoT solutions are now mainstream, with Statista projecting there will be over 29 billion IoT devices by 2030.
While IoT has infiltrated many industries, its greatest impact may be in the manufacturing sector, particularly in the construction equipment manufacturing (CEM) industry with a digital transformation. The Industrial Internet of Things (IIoT) is causing significant disruptions in the CEM industry, and companies must optimize their manufacturing to stay ahead of the curve.
WHY IS IIOT GAINING TRACTION IN THE (CEM) INDUSTRY?
There are several reasons why IIoT is gaining ground in the CEM industry.
- IIoT offers a way for construction equipment manufacturing companies to collect data on their products’ use in the field. This real-time data will improve the design of future products and customize maintenance schedules for individual machines.
- IIoT will be used to provide customers with real-time updates on the status of their equipment. This lets customers make informed decisions about when to schedule maintenance or repairs.
- In addition, IIoT can be used to improve equipment safety. By understanding how equipment is being used, CEM companies can make changes to improve safety and reduce the likelihood of accidents.
- Finally, IIoT offers opportunities for CEM companies to partner with other companies to create connected ecosystems that can provide even more value to customers.
These are just a few reasons IIoT is gaining traction in the CEM industry. As the technology continues to evolve, even more applications will likely be found in the manufacturing industry.
CEM COMPANIES NEED HIGH-QUALITY ELECTRONIC COMPONENTS TO CREATE A RELIABLE IOT ECOSYSTEM
An IoT ecosystem has four key components, but the electronic components are arguably the most important. They form the backbone of the system, providing the essential connections and communications that allow devices to interact with each other (machine to machine). That’s why construction equipment manufacturing companies must partner with a reliable and highly skilled electronics component manufacturer.
The manufacturer should have a proven track record of delivering quality components on time and within budget. Furthermore, they should be able to provide a wide range of products that are compatible with the manufacturer’s construction equipment. Most importantly, CEM companies should partner with an electronics component manufacturer who has also implemented IoT not only in their processes but in their business model as well:
1. GOOD QUALITY CONTROL
One of the main reasons for CEM companies to partner with an IoT-enabled electronic components manufacturer is improved quality. An IoT-enabled electronic components manufacturer will have visibility into their entire supply chain, from raw materials to finished goods. This will allow them to identify potential issues and correct them before they become problems.
2. INCREASED PRODUCTION SPEED
By using IoT-enabled machines and processes, electronic components manufacturers can significantly increase the manufacturing process speed, allowing CEMs to meet consumer demand more quickly.
3. SAVES MONEY
Partnering with IoT-enabled electronic components manufacturers can help CEM companies avoid the high costs associated with developing their IoT infrastructure. By leveraging the existing infrastructure of their partner, CEM companies can save significant time and money.
4. IMPROVED CUSTOMER SATISFACTION
CEM companies that partner with IoT-enabled electronic components manufacturers can also benefit from improved customer satisfaction due to the faster production of high-quality products. This can lead to increased sales and repeat business from satisfied customers.
5. NEW PRODUCT DEVELOPMENT
Working with an IoT-enabled electronic components manufacturer can also give CEM companies access to cutting-edge technology and expertise that can be used for new product development. This can help CEM companies stay ahead of the curve and maintain a competitive edge in the marketplace.
QUALITIES OF AN IOT-READY MANUFACTURING OPERATION
While many electronic components manufacturers have adopted IoT, unfortunately, not all have been able to implement it effectively into their processes and business models. This can lead to inefficiencies and a lack of visibility which can, in turn, cause longer delivery times and decreased customer satisfaction. So what makes a great IoT-Ready Manufacturing Operation?
- The manufacturing operation must have appropriate domain knowledge in both operation technology (OT) and information technology (IT). This includes understanding how the two domains interact and how they can be used together to improve operational efficiency.
- The manufacturing operation must have the ability to adapt rapidly to new business models. This means that the operation must be able to quickly change its production processes and capabilities to meet the needs of new markets and products.
- They must have the ability to predict maintenance. To do this, the operation must have data collection capabilities to track various aspects of the manufacturing process. This data can then be analyzed to identify trends and predictive maintenance needs. Additionally, the operation must have the ability to communicate this information to the appropriate personnel promptly.
USE AMTECH FOR YOUR IOT MANUFACTURING PROCESS
There are many benefits to partnering with an IoT-enabled electronic components manufacturer. We invite you to contact Amtech if you are looking for a reliable and reputable electronic components manufacturer. We have been in business for years and have a proven track record of providing quality products and services to our customers. Contact us today for your manufacturing needs.