The Advantages and Trends in Asset Management with IoT - Inteliiot

 

Asset management is critical for manufacturing companies looking to gain a competitive edge. As a result, adopting IoT-based innovations for asset management has become increasingly popular. It helps improve overall equipment effectiveness (OEE) by monitoring availability, performance, and quality.

Poor asset management and production can cause delays in the supply chain and hinder successful business operations. However, IoT-powered asset tracking offers effective and efficient management, ultimately enhancing operational efficiency and facilitating the development of business models for tracking asset performance throughout its life cycle.

What advantages does IoT-based asset management offer?

IoT-based asset management allows companies to streamline operations and increase profits. Here are some benefits of using IoT-powered asset management:

Real-time visibility: IoT-based asset management offers real-time visibility into the location, health, and performance of assets, optimizing operations, reducing downtime, and increasing productivity. Read more....

Source Link:- https://www.inteliiot.com/blogs/the-advantages-and-trends-in-asset-management-with-iot/

IOT in Press and Stamping processes - Inteliiot

 

Press and stamping processes are manufacturing processes used to shape and form metal sheets or parts using a press or stamping machine. In these processes, a metal sheet or coil is fed into the machine, and a die (or set of dies) is used to shape or cut the metal into the desired shape or form.

The press or stamping machine applies force to the metal, which causes it to deform and take the shape of the die. The dies are typically made of hardened steel and can be customized to produce a wide variety of shapes and forms.

There are several types of press and stamping processes, including:

Blanking: A process where a flat piece of metal is cut into a specific shape, such as a circle or rectangle.

Punching: A process where a hole or other shape is punched out of a metal sheet or part.

Drawing: A process where a metal sheet or part is pulled through a die to create a cylindrical or other complex shape.

Forming: A process where a metal sheet or part is bent or shaped to create a specific form or profile. Read more....

Source Link:- https://www.inteliiot.com/blogs/iot-in-press-and-stamping-processes/

Leveraging IOT for Business Intelligence in Manufacturing - Inteliiot

 

Business intelligence (BI) refers to the technologies, processes, and practices that organisations use to collect, integrate, analyse, and present data in order to make better-informed business decisions. BI helps organisations gain insights into their internal, and external trends, which can then be used to identify opportunities, optimise performance, and drive growth.

The goal of business intelligence is to provide decision-makers with the information and insights they need to make more informed and strategic decisions, ultimately leading to improved business performance and competitiveness.

Manufacturing Intelligence (MI) is a specific application of BI to the manufacturing industry. In other words, MI is a subset of BI that is focused on collecting and analysing data generated by manufacturing operations. BI encompasses a wide range of activities, including data mining, data warehousing, data analysis, reporting, and visualisation.

MI enables enterprises to gather and analyse real-time data from their operations, identify inefficiencies and opportunities for improvement, optimise production processes, and improve product quality. Read more....

Source link:- https://www.inteliiot.com/blogs/leveraging-iot-for-business-intelligence-in-manufacturing/

How Businesses Leverage IoT For Asset Management - Inteliiot

 

The Internet of Things, also known as IoT, essentially links everyday objects, processes, and environments, to the internet.

Its uses are vast and diverse – it has revolutionized industries far and wide, from home automation to agriculture, from urban planning of smart cities to healthcare. Businesses worldwide also use IoT to digitalize industrial processes and make everyday objects smarter.

The technology also automates inventory management and gets rid of laborious manual tasks. It provides your business with many benefits, including optimizing daily tasks and planned maintenance, abolishing out-of-stock and overstock scenarios, and improving customer experiences. Read more...

Source Link:- https://www.inteliiot.com/blogs/how-businesses-leverage-iot-for-asset-management/