Top Industrial IoT Solutions Solving Big Challenges for Manufacturers, Utilities, and Building Operators

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Top Industrial IoT Solutions Solving Big Challenges for Manufacturers, Utilities, and Building Operators

Investments in Internet of Things (IoT) projects are set to increase this year, with a significant portion of that spending focused on the manufacturing industry. Research firm IDC predicts that companies in the manufacturing sector will outspend other industries, with a total expenditure of $805.7 billion by 2023, representing a 10.6 percent increase from the previous year.

To address the growing need for industrial IoT solutions in manufacturing operations and production asset management, CRN has compiled a list of top vendors that are solving major challenges for manufacturers, utilities, and building operators. These vendors include Hitachi Vantara, Johnson Controls, Litmus, PTC, and Siemens.

Hitachi Vantara is offering utilities a new way to protect power grids from climate-related challenges. Through their Lumada Inspection Insights portfolio, Hitachi provides applications that leverage artificial intelligence to analyze photographs, videos, and satellite imagery. These applications enable utilities to automate asset inspection, improve sustainability, enhance physical security, and reduce risks and impacts related to storms or fires.

Johnson Controls is helping organizations reduce the carbon footprint of their buildings through their OpenBlue Enterprise Manager platform. The platform offers a suite of apps to monitor and improve energy efficiency. It allows organizations to track, manage, and analyze energy use while calculating greenhouse gas emissions. Organizations can set emissions reduction goals and receive recommendations on achieving these goals at the building level.

Litmus is enabling manufacturers to enhance their operations by quickly connecting industrial assets and collecting machine data for analysis and integration with other systems. Their Litmus Edge platform provides over 275 pre-built industrial drivers that can connect to a wide range of assets. This data is then collected, normalized, and contextualized for real-time analytics, integration with other applications, and running machine learning models to optimize operations.

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PTC’s ThingWorx platform empowers industrial companies to increase productivity, lower costs, improve quality, and maximize revenue. It offers comprehensive capabilities to connect industrial devices, build applications, analyze data, control systems, and provide field staff with safer and more effective ways to engage with physical objects and systems. The platform includes digital performance management, which identifies bottlenecks, critical issues, and areas for improvement within a company’s operations.

Siemens is developing solutions that utilize data from industrial assets to improve processes and reduce costs for manufacturers. Their Insights Hub platform enables real-time monitoring of asset or factory line performance, benchmarking equipment effectiveness, predicting quality through machine learning models, and minimizing downtime related to materials. Furthermore, Siemens allows organizations to build digital twin simulations of factory floors using IoT data, allowing them to experiment with process changes in software to optimize operations.

These industrial IoT solutions address significant challenges faced by manufacturers, utilities, and building operators. By leveraging the power of IoT technology, these vendors empower organizations to enhance their operations, reduce costs, improve efficiency, and make data-driven decisions. As businesses worldwide ramp up their investments in IoT projects, these solutions are poised to play a crucial role in shaping the future of manufacturing and industrial operations.

Frequently Asked Questions (FAQs) Related to the Above News

What is the significance of industrial IoT solutions in the manufacturing industry?

Industrial IoT solutions are crucial in the manufacturing industry as they address major challenges, improve efficiency, reduce costs, and enable data-driven decision-making.

Which research firm predicts an increase in investments in IoT projects?

Research firm IDC predicts an increase in investments in IoT projects, with a particular focus on the manufacturing industry.

Which industry is expected to outspend others in IoT projects?

The manufacturing sector is expected to outspend other industries in IoT projects, with a predicted total expenditure of $805.7 billion by 2023.

Which vendors are highlighted as top industrial IoT solution providers for manufacturers, utilities, and building operators?

The vendors highlighted in this article include Hitachi Vantara, Johnson Controls, Litmus, PTC, and Siemens.

How does Hitachi Vantara's Lumada Inspection Insights help utilities?

Hitachi Vantara's Lumada Inspection Insights portfolio utilizes AI to automate asset inspection, improve sustainability, enhance physical security, and reduce risks related to climate-driven challenges such as storms or fires.

What does Johnson Controls' OpenBlue Enterprise Manager platform offer for organizations?

Johnson Controls' OpenBlue Enterprise Manager platform helps organizations reduce their buildings' carbon footprint by monitoring and improving energy efficiency. It allows tracking, managing, analyzing energy use, calculating greenhouse gas emissions, setting reduction goals, and providing recommendations for achieving them.

What does Litmus offer to enhance operations for manufacturers?

Litmus offers the Litmus Edge platform, which connects industrial assets, collects machine data for analysis, and integrates it with other systems. With over 275 pre-built industrial drivers, it enables real-time analytics, integration with applications, and the optimization of operations through machine learning models.

What are the capabilities of PTC's ThingWorx platform?

PTC's ThingWorx platform empowers industrial companies by connecting devices, building applications, analyzing data, controlling systems, and offering safer and more effective ways for staff to interact with physical objects. It also includes digital performance management to identify bottlenecks, critical issues, and areas for improvement in operations.

How does Siemens utilize data from industrial assets to benefit manufacturers?

Siemens utilizes data from industrial assets through their Insights Hub platform to monitor real-time performance, benchmark equipment effectiveness, predict quality, and minimize downtime. They also allow organizations to create digital twin simulations of factory floors for process optimization.

What is the potential impact of these industrial IoT solutions on manufacturing and industrial operations?

These industrial IoT solutions have the potential to enhance operations, reduce costs, improve efficiency, and enable data-driven decision-making, making them crucial for the future of manufacturing and industrial operations.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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