Smart going-on: When Social Innovation meets the IoT

The Internet of Things

When we talk about the Internet of Things (IoT), we tend to think of connected homes and smart devices making our lives easier and more efficient through technology. However when the IoT is applied to manufacturing, the potential for improvements are immense. By connecting multiple machines, a manufacturer can create an intelligent network reducing the need for intervention by operators. This transformation in manufacturing, through the application of IoT sensors, system logic and big data, is known as Industry 4.0 and has even been dubbed ‘the fourth industrial revolution’, says Klaus Dieter Rennert of Hitachi.

Companies are now using IT to improve their operations and better address the challenges that traditional industries are facing. Research conducted by Frost & Sullivan on the topic of social innovation and technology highlights how Industry 4.0 is an opportunity for businesses to develop innovative novel technological solutions which streamline processes, optimises collaboration, saves time and energy, and optimise learning through feedback loops in circular value chains.

When Social Innovation meets the IoT

Social Innovation in manufacturing and construction comprises of the IoT, data analytics and cloud computing coming together to enable smarter manufacturing and process digitisation and alongside the emergence of Industry 4.0 which is driving efficiency and sustainability. It’s now clear that using IT to enable smart manufacturing in industries will bring about significant positive change at every level. For example, on an urban level it will allow for near sourcing and sustainable manufacturing whilst at a personal level, the wellness of workers and reduction of emissions.Read more

Source: m2mnow.biz