Lior Yafe
Economic Counselor
Embassy of Israel in Mexico

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IoT Applications in the Industrial World

By Lior Yafe | Mon, 05/30/2022 - 09:00

The Internet of Things, referring to the digital interconnection of everyday objects with the internet, has come to revolutionize processes in all industries. IoT applications are numerous and have pushed a growing number of companies to promote this new paradigm to improve their productivity and optimize their costs and benefits. It is a market in constant expansion, in which the main players have already joined.

In the industrial field, the network of devices, machinery and sensors are connected to each other and to the internet to collect data that can then be analyzed and the information applied to improve processes. Although it is a global trend, in the case of the industrial sector, companies must be aware of the usefulness of Industrial IoT applications to generate processes that remain relevant in the coming years.

One of the main IoT applications has to do with the automated management of equipment, so that through a centralized system it is possible to control and monitor all the processes of a company. The IoT provides the ability to remotely control plants located in different cities or geographical points through digital equipment and software. As a result, companies now have the ability to see the progress of their production in real time and use this data for process improvement and to create an environment in which informed decisions are a priority.

On the other hand, through the IoT, it is possible to detect the needs of a piece of equipment to undergo maintenance before a crisis occurs and production must be stopped urgently. This is one of the reasons for implementing a data acquisition, analysis and data management system for predictive maintenance. This system consists of one of the most effective Industrial IoT applications and works through sensors that, installed in the equipment and operating platforms, are capable of sending alerts if certain risk parameters are met. Israeli companies have developed statistical algorithms designed to detect evolving faults in mechanical systems and pipelines before they become a problem. Through sensors and controllers, these technologies learn, analyze and make decisions about abnormalities in the entire mechanical system.

Other uses in the industrial area of ​​Industrial IoT systems is the monitoring of inventory automatically to maintain constant and efficient workflows. In turn, the situation of a company's supply chain can be known in real time and in transit. In this way, it is possible to detect possible hidden opportunities for improvement or to point out those problems that are complicating the processes and reducing profits.

The IoT is not just an evolution of current situations where devices can be remotely controlled, but a major disruption to industrial development in many ways. To improve internal processes and business service, as well as reduce costs and increase profits, the implementation of IoT is essential. This continuous penetration of advanced information and communication technologies with novel approaches helps to overcome the current limitations within the industrial system.

Photo by:   Lior Yafe