Manufacturers are under increasing pressure to optimize profits and efficiencies while simultaneously reducing costs – a daunting challenge. However, the emergence of digitalization and its associated technologies is making this feat possible for the manufacturing industry. Specifically, the market has seen the convergence of information technology (IT) and operational technology (OT) due to advances and synergies between the respective areas. This has resulted in the industrial Internet of Things (IoT), which is a solution that collects and centralizes mass amounts of machine data gathered from industrial environments. Applications built on these IoT platforms collect, analyze and enable you to quickly act on the data to fundamentally boost operational efficiency and production. The IoT has already gained traction within countless industries, including food and beverage, oil and gas, healthcare, automotive and more. For machine builders, it is quickly becoming a business imperative. According to an IDG and Siemens IoT survey, 53 percent of companies have started an IoT initiative. To keep pace with leaders in the industry, you need to start acting now.
Aerospace companies are faced with the challenge of:
- Proactively identify production line issues and start remedial actions prior to asset failure, which reduces unscheduled downtime
- Maximize the uptime of critical assets
- Gain transparency into asset health and performance across global locations.