IIoT allows for digital inventory management that is always updated and available. It enables manufacturers to trace the location of every tracked item. Manufacturers can better manage inventory, make data-driven purchasing decisions, and reduce the need for costly and labor-intensive manual inventory checks.
What Is IIoT? The Industrial Internet of Things (IIoT) is the use of smart sensors and actuators to improve manufacturing and industrial processes. IIoT is an important part of what is described as the Fourth Industrial Revolution, or Industry 4.0. IIoT utilises the power of smart machines and real-time analysis to take advantage of the data that machines have produced in industrial settings for years. The driver behind IIoT is that smart machines are not only better than people at capturing and analysing data in real-time, but that they are also better at communicating important information faster and more accurately.
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.