Impacts and opportunities: The industrial Internet of things
Industrial development is driven by new, innovative, and even radical ways of thinking. That is why the most notable phases of technological development in history are described as industrial revolutions. What are the impacts and opportunities for a company like Metso and what’s in it for customers, the users of the technologies?
Most people agree that we have entered the 4th Industrial Revolution, thanks to the invention of the Internet. Now the related phenomenon of connected devices, systems and services is called the Internet of Things (IoT) or the Industrial Internet of Things (IIoT), for industrial applications.
The future of IoT and IIoT will be connecting everything from small household equipment to industrial machinery to the Internet so they can interact and change behavior as needed. This brings a dramatic change to manufacturing, energy, agriculture, transportation and other industrial sectors, considerably affecting the way companies work. And Metso is no exception.
Studies show that IIoT will impact two-thirds of the world’s economies and can reach real GPD contributions of USD 10.6 trillion by 2030.
The basics of IIoT
IIoT technology is based on sensors, computers, the Internet, software and advanced analytics. Today, there are no barriers to IIoT – all the necessary technologies already exist.
To transmit the collected data, sensors require control units and connectivity. To predict and adapt the behavior of a thing, the data gathered by sensors must be analyzed and modeled. Software is another basic element needed to make IIoT work, being the glue that holds all the devices together. The last fundamental aspect of IIoT is security. Systems where security is extended to the edge of the networks and ecosystems of the IIoT are actively being developed to improve protection.
IIoT impact on work
IIoT solutions enable much better use of systems by collecting and using the information directly from the source. The capability of IIoT devices to process and analyze large volumes of data means better business decisions. New or corrective actions can be executed proactively, faster and closer to the actual equipment.
IIoT devices are energy efficient, adaptive and increasingly autonomous. This allows the work that can be defined by rules to be performed automatically, truly revolutionizing the way companies work. Everyday routine work will be replaced with a more ad-hoc approach to problem-solving, more analytical and people-oriented work.
IIoT capability from Metso and others
IIoT is spreading steadily across countries and industries. Examples are as diverse as the aviation and agriculture business. In Finland, Enovo has developed a smart garbage system in which wireless sensors are placed into garbage containers to monitor how full they are. The information is used to schedule bin emptying so that garbage trucks do not have to drive to bins that do not need to be emptied.
Metso, too, has been integrating IIoT solutions into its systems and devices. Each year, Metso delivers tens of thousands of intelligent valve controllers. Each installed intelligent positioner provides the valve it is attached to with IIoT capability. Such intelligent valves present the end user with a huge potential for savings in terms of money and time by providing historical and real-time data to allow for the efficient shutdown planning needed for predictive maintenance. This is an area of true expertise at Metso.
Metso is the only intelligent valve controller supplier with the capability to analyze valve performance during normal operations and store this information within the positioner itself. This intelligence and IIoT potential then is inherent to each and every valve at the plant.
Seizing the IIoT
IIoT offers both opportunities and challenges. Companies like Metso that have already embraced IIoT have dedicated strategic programs in place to improve their asset and equipment performance and get the best out of the solution.
IIoT presents industrial equipment companies with an increasing number of opportunities to expand their business by providing IIoT solutions based on intelligent devices to new customer groups. Still, these opportunities require a better, deeper and wider understanding of customer needs.
Instead of simply delivering equipment, an industrial equipment company needs to truly understand how to better deliver services that match their customers’ desired outcomes. For those who get it, they’ll be the ones who will fully welcome the 4th Industrial Revolution and the Industrial Internet of Things.
Juha Yli-Petäys Metso Flow Control adds:
Each year Metso delivers tens of thousands of intelligent valve controllers. They are put to work in a wide range of industrial applications all around the world. Each installed and operational intelligent positioner provides the valve it is attached to with IIoT capability. Such intelligent valves present the end user with a huge potential for savings in terms of money and time by providing historical and real-time data, which allows for the efficient planning of shutdowns needed for predictive maintenance. This is an area of expertize at Metso, and we are more than willing to assist our customers in utilizing these capabilities to their fullest extent.
Metso is the only intelligent valve controller supplier who has the capability to analyze valve performance during normal operations and store this information within the positioner itself. This way IIoT potential is immediately present upon installation and startup. This intelligence then sits on top of each and every valve at the plant.
Full article was previously published in Results Flow Control magazine, June 2015 issue, pages 8 – 11, as ‘The epitome of the current Industrial Revolution Industrial Internet of Things’. >>
It is the first article in a series that looks into the opportunities that the Industrial Internet of Things (IIoT) presents to companies such as Metso.
Read the following articles in the series:
- 3D Printing: The ultimate supply chain
- The future of work: Humans and machines working in cooperation
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