Significant Role of IoT in Revamping the Manufacturing Sector!

Significant Role of IoT in Revamping the Manufacturing Sector!
IoT in Manufacturing
By 2021, the global spending on the Internet of Things is forecasted to cross $1.4 Trillion, as per the reports generated by a reputed online portal- Information Matters.
One more report by Statista, another famous market research portal, depicts that the market revenue of IoT in 2017 was $100 billion and by 2025, it will cross $1.6 trillion.
These figures are huge and growing at a fast pace due to the usefulness of IoT in various industrial sectors. The transparency, real-time visibility, automation, smart data insights, and much more that IoT offers, have helped sectors like manufacturing, transportation, healthcare, supply chain management, agriculture, etc. to become more efficient and profitable.
This blog-post focuses on the significant ways how IoT app solutions have influenced the manufacturing sector and helped companies accelerate productivity, reduce costs, enhance product quality, and deliver on time. But before getting started, let us quickly look at the challenges faced in this sector.

Challenges in the Manufacturing Industries!

  • Stronger demand for customization
  • Rising customer expectations
  • Concerns regarding employee safety
  • Inability to develop high-quality products
  • Slower time to market
  • Complexity in the supply chain on a global level
  • Data interoperability issues while migrating from legacy systems

IoT in Manufacturing Industries!

Maintaining Product Quality
During production, identifying defects and inspecting process flows, etc. is essential for maintaining the best possible quality of products. Implementation of IoT helps in the identification of defective products and also helps monitor the process cycle. This data allows the managers to take proactive manufacturing decisions, thereby preventing quality issues and thus, maintaining the brand value by developing high-quality products.
Smart Asset Monitoring and Management
If carried out manually, asset tracking can consume a lot of time and there are high chances of errors or missing data at times. But with IoT devices and technologies like Barcode, RFID, NFC, etc. traditional methods can be replaced by smart tracking methods. It helps to gather real-time accurate data from assets like a crane, machines, smart totes, smart shelves, equipment, etc. It gathers data like their locations, their quantity, their movements, etc., and this data is sent to employees through IoT app solutions for utilization.
For implementing asset tracking, every asset in the company is labeled with an RFID tag that acts as an asset identifier. Every tag comes with a unique ID and whenever an asset moves in or out of a defined area, the tag is scanned and records are saved on the system for the concerned employees to use this data. This helps the manufacturers achieve asset visibility and accountability while saving a huge amount of time for employees.
Monitoring Employee Safety
Workplace safety in sectors like oil and gas, transport, mining, and other manufacturing companies is critical for a healthy environment in the company. IoT sensors, wearable devices, RFID, etc. play a significant role here. The safety teams can rely on IoT-based systems to identify sudden or unknown safety risks to take the required measures proactively. Such efforts will also help to reduce compliance claims and costs associated with the risks.
In several companies, workers are provided with RFID tags and wearable devices to keep monitoring their locations, as well as data like temperature, heart rate, galvanic skin response, etc. This data is relayed to the cloud to identify any unusual patterns like fluctuations in the heart rate, sudden vertical movements, overheating effects, etc., and used for preventing the workers from any threats or injuries.
Remote Control and Outsourced Operations
Centralized supervision is possible with IoT systems and several giants in the manufacturing sector are using them. Vital data can be collected through distant control and it provides intelligent insights into the actual production field. Thus, IoT enables monitoring the workflows, controlling the switches of the machines, and thus, ensuring safe automated production.
Also, in case a company sets up their manufacturing company in a different state or city, it is vital to maintain the same product quality. In this case, too, the remote controlling ability of IoT systems can be brought to use. These methods help the manufacturers keep an eye on the efficiency of the products in real-time from a distant location.
For example, COREIoT Workforce Management Solution is a turnkey project that provides advanced tracking and monitoring facility thereby ensuring complete visibility of the workforce in the organization.
Predictive Maintenance
A study by Deloitte says that IoT-based predictive maintenance solutions can reduce maintenance costs of the factory equipment by about 40% and by 2025, it can generate an economic value of $630 billion per year. It is obvious from these numbers why IoT is being adopted by countless businesses for maintenance.
It is of utmost importance for the companies to track the abnormalities in the machinery or monitor any machine failures, well in advance. In case these are not tracked beforehand, they can cost a fortune to the company. In this scenario, predictive maintenance with IoT or Conditions Based Maintenance (CBM) comes into the picture. IoT sensors can be employed to continuously monitor the actual conditions of the machines and send the data to IoT- applications. As a result, any signs of machine failure can be detected in advance by the concerned staff and its maintenance can be scheduled accordingly; thus saving the company from huge monetary losses in the future.
Inventory Management
IoT-powered inventory management solutions can help track and locate products/equipment/raw material from large warehouses in a very short time. These solutions help the manufacturers to ensure constant visibility into locations, quantity, and statuses of the inventory, automatically track them and send reports to the mobile apps or company systems, and properly optimize the time between the order and delivery of the inventory items. It minimizes inventory out-of-stock situations, as it helps to re-order the inventory at the appropriate time.
Thus, IoT simplifies inventory management and does it with higher accuracy while saving vital time for the company.

Final Words:

Maciej Kranz, Vice President of Strategic Innovation, Cisco quoted, “[Leading manufacturers] are getting ROI primarily from applying IoT for connected operations, remote operations, predictive analytics, and preventive maintenance.”
As said in this quote, several firms have been radically transforming their operations and improving their bottom line with IoT app solutions. By successfully integrating the right IoT applications, manufacturer scan resolve complex challenges in the sector, and thus, serve their customers in a better way. Owing to this, the industrial sector is witnessing a rising number of IoT application development companies and smart IoT app developers all over the world.
That’s it for this post.
Hope you liked it. Do share your views with us.
Also, is there any other vital application of IoT in the manufacturing sector that you know, do let us know by commenting below.

How IoT has ushered in a wave of success in Healthcare Services?

How IoT has ushered in a wave of success in Healthcare Services?
IoT in Healthcare
IoT (Internet of Things) is one of those technological marvels of the modern era that has digitally transformed the Healthcare sector by introducing smart healthcare apps. These healthcare IoT applications have helped the medical industry to overcome the existent roadblocks and limitations in its functioning. IoT App Development Companies have empowered the practitioners, patients, and service providers to unfold new horizons. This has resulted in simplified access to medical facilities through remote communication and reduced mortality rate on account of avant-garde treatment methodologies. Needless to say, the rate of adoption of IoT App Solutions has sky-rocketed and an upward demand curve has been observed.
Take a look at this interesting statistical data released by Statistica, indicating the estimated size of the IoT Healthcare market (in billion US $) between 2016 and 2025.
IoT in Healthcare market
Fortune Business Insights predicts that the IoT in Healthcare market size will soar up to USD 176.82 Billion by the end of 2026.
In this blog, I have penned down how IoT in Healthcare has revolutionized the fundamental tenets of this domain and the immense benefits of IoT Application Development reaped by the patients, doctors, and service providers unanimously.

IoT in a nutshell

Internet of Things comprises of a network of devices and software applications, interconnected via computer networks and wireless communication channels. This ingenious eco-system is meant for collecting and sharing real-time data. Data is stored in cloud platforms and can be remotely accessed by authorized users from any part of the globe. IoT in Healthcare has worked wonders in domains like telehealth, mHealth, telemedicine, etc. Let’s dive into some of the use cases in the healthcare domain.

Popular Use cases of IoT in Healthcare

IoT Smart Healthcare Solutions

Remote patient Diagnoses and Observation

IoT empowered solutions record the necessary health parameters to facilitate remote patient diagnoses and monitoring. This is one of the important features of IoT in telemedicine apps.
Doctor-patient consultations take place through live audio and video call, and other advanced communication channels, without the need for patients to pay a visit to the hospital. IoT powered external devices such as digital stethoscopes, oximeters, etc are being used by patients during digital telemedicine consultations.
IoT activity monitoring devices such as heart rate monitoring cuffs, glucometers, pulse meters, etc. used by the patients enable the doctors to remotely observe the health of elderly patients and those with chronic conditions. The data obtained from these devices aid the physicians to identify the correct course of treatment for patients.

Mobile Health and Wellness

IoT mobile app development has elevated wellness to a completely new level. Wearables like Apple watches, Fitbits, etc transmit patient’s vital health parameters through Bluetooth, Wifi, GPRS Networks and display the results in the smartphones. This proves immensely beneficial in keeping a track of the body vitals and other wellness parameters such as sleep patterns, body temperature, heart rate, blood sugar level, activity tracking, etc. and providing real-time data to the patient, their doctors, and caregivers. For example, a Holter monitor device is a wearable that tracks abnormalities in a patient’s heartbeat. This helps in timely preventive care. Click here to gain more insights on wearable technology.

IoT powered ingestible devices

These ingenious ingestible sensors available in the form of pills can be swallowed and it remains inside the human body and stay at a particular spot and sends data to mobile applications. The sensors embedded inside these pills detect drug doses taken and missed by the patient. Some of these pills have an in-built camera that provides visibility of the internal organs. Thus, ingestible devices prevent life-threatening conditions.

Emergency handling

IoT facilitates the accurate collection of patient data in case of medical emergencies and transmission of this data in real-time to the Emergency Response medical staff. This allows the ER staff to stay prepared while the patient is being brought to the hospital and no time is wasted after the patient’s arrival.

Aiding surgeries

IoT powered tools and applications provide handy assistance during surgeries and in handling post-surgery care. The IoT sensors accumulate data, transmit it, and analyze the same, resulting in finding out even the tiniest problem, and thereby preventing surgical complications.

Efficient Tracking of Patients, Staff, and Inventory

Smart IoT healthcare solutions contribute in the following ways:  
  • Wireless ID cards for staff and patients enhance security, effectively manage admissions, and simplify staff management.
  • RFID tags are used to track patients such as babies and elderly patients with Alzheimer’s disease and even staff members in case of urgency.
  • IoT integrates with Real-time location systems (RTLS) to manage the assets of healthcare enterprises. It employs BLE (Bluetooth Low Energy) and iBeacon to track supplies in the operating rooms and inventory.

Virtual Monitoring of medical equipment

The contemporary healthcare services require avant-garde software and hardware equipment and their continuous monitoring, to prevent them from system failures and cyber-attacks. IoT powered solutions virtually monitor them and provide alerts to the medical staff if some anomaly is detected.

Managing Pharmacy

Managing the drugs in a hospital and transferring the same safely to storage facilities is a herculean task with chances of errors. Pharmacies managed by IoT application enable faster delivery of medicines and takes care of drug-preservation issues while transfer.

Handling insurance procedures

Insurance companies leverage IoT devices to validate claims and detect fraudulent practices with the help of the data captured by these devices. Such devices also enhance the transparency between insurance providers and customers regarding processes like pricing, underwriting, handling claims, and assessing risks.

Architecting an IoT Environment in healthcare

Steps to be followed by Digital healthcare service providers for the implementation of IoT are as follows:
  • Deploying devices possessing sensors, monitors, actuators, camera systems, actuators, and detectors to accumulate data.
  • Conversion of received data to the digital format and store the same in a data center.
  • Managing and analyzing the medical data with the help of data analytics based on which the correct course of action is decided.

Key Advantages of IoT powered Healthcare IT services

Easy access to healthcare facilities

Remote doctor monitoring and consultation facilities make healthcare and wellness easily accessible to patients with less mobility, the ones residing in remote areas with no hospitals nearby, and the super-busy professionals who hardly find time to visit the clinic. Moreover, the patients have a plethora of options at their disposal while choosing doctors.

Misdiagnosis of diseases

IoT system with the help of computer vision, sensors can collect data from several IoT devices and leverages advanced analytics enabling providers to know the course of the disease and thus avoid the wrong diagnosis of diseases. Faster and error-free diagnoses of diseases, continuous patient monitoring, and proactive treatment methodologies are some of the major gains for patients opting for digital healthcare services.

Lesser negligence and better adherence to treatment plans

Thanks to the IoT healthcare monitoring solutions encourage patients to stick to their treatment procedures and help the doctors to stay informed about the patient’s condition without much ado.

Operational Flexibility

Online diagnoses with the help of IoT Mobile apps allows doctors to enjoy flexible schedules without having to visit the clinic in case of non-emergencies.

Lesser crowd in hospital spaces

Digitally smart healthcare centers can do away with over-crowded waiting rooms, and as such can manage with lesser spaces and fewer administrative staff. Furthermore, the chances of healthcare staff getting infected with contagious diseases lessen.

Cost-efficiency

  • IoT healthcare solutions enable doctors to scale up the patient count by diagnosing more patients in a day.
  • On account of digital real-time consultation and monitoring, patients save on the cost by avoiding unnecessary hospital visits, longer hospital stays, and readmissions.

Augments Brand value

Implementing IoT powered smart solutions and motivating the patients to adopt these technologies enhances the brand value of a company and provides them a competitive edge over others and improves overall patient satisfaction too.

Final Verdict

IoT in Healthcare has redefined healthcare services altogether by opening up a wide range of convenient options for patients, practitioners, and healthcare service providers. It’s high time that the healthcare operators incorporate IoT healthcare solutions in their practice operations if they would like to make a mark in today’s dynamic and competitive market.
With this, we come to the end of this write-up. We hope this blog was helpful. Do comment and let us know your thoughts.