IoT For Asset Maintenance: A Move Towards Smart Factory
Achieving excellence in asset management is critical for asset-intensive industries such as utility, energy, chemicals, manufacturing, etc. It is important for them to strive continuously to optimize their asset performance, because the business competitiveness depends on extracting greater value from infrastructure assets.
Enterprises want a 360° view on asset maintenance to have better control of facilities and operations. In order to create connected, digital workplaces, businesses need to have uninterrupted access to maintenance history, telemetrics, and environmental data such as temperature and humidity. The connected digital workplaces enable companies with optimized asset maintenance, connected humans, and enhanced, collaborative experiences.
The Internet of Things (IoT) can take collaboration to entirely new levels. The IoT facilitates aggregation and use of information from several sources and connected products can deliver substantial value for asset maintenance programs. In fact, Deloitte cites recent market research, according to which the industrial IoT market is expected to grow at a CAGR of 16.7 percent from 2019 to reach US$263.4 billion by 2027.
Businesses can benefit from the convergence of technologies and the capability to perform their maintenance functions robustly. When IoT is integrated with asset maintenance, it dramatically shifts the disjointed maintenance activities to an interconnected system of repair operations.
This ability of the connected things to send and receive information makes the maintenance program “smart”. Combining the physical and digital assets through IoT sensors is highly disruptive. Sensors could be of various types like temperature sensors, motion sensors, moisture sensors, Geolocation and Vibration sensors. These sensors, along with a connection, allow us to automatically collect information from the environment which, in turn, allows us to make more intelligent decisions. In short, Leonardo IoT connects all the end devices to the internet and let them communicate with each other over the internet to make intelligent decisions.
IoT devices are basically embedded controllers with a set of connected sensors to grab the data from the physical environment. These IoT devices will send and receive the data through the internet using standard protocols for IoT communication. The transmitted data from the devices are stored in the Leonardo IoT server as time series data. This stored data can be further analysed and apply intelligence to extract insights from the data. We can also make rules and apply to do some actions based on it to trigger a business process. We can also develop UI applications to show the device data in real-time for the users. By applying intelligence to device data, each device will start learning from the experience of other devices.
Since most of the business workflows need backend system integration based on IoT data, we can use one of the data consumption services provided by SAP to integrate with the On-Premise systems. Importantly, integrating shop floor insights with the rest of the maintenance activities will change the way maintenances are done and foster an interconnected business landscape.