Process Innovation Essential as Industrial IoT Rises
The Industrial Internet of Things (IIoT) has been gaining momentum as organizations work to move data between machines and business systems to optimize productivity. The IoT is a powerful trend as it involves gathering data in real time from diverse sources and putting it to action. This can happen through machine-to-machine communications or devices that report data out to end users within their processes, letting them operate with a greater layer of intelligence.
Business process management software can serve as a key innovation catalyst here as the technology can centralize IoT data and ensure it gets in the hands of users in the most efficient way possible. This is especially vital as the Industrial IoT becomes more prominent moving forward.
The rapid rise of the IIoT
A recent study from Technavio found that the global market for IIoT technologies will expand at a compound annual growth rate of approximately 7.3 percent during the period of 2016 to 2020. This expansion will be seen from a wide range of angles as companies explore how the IoT can impact their operations. The potential functions of the IIoT include:
- Improving asset management as data is collected about the disposition of machines in real time.
- Eliminating unnecessary human intervention by automating many data-based decisions.
- Improve key operations like maintenance to improve uptime.
“The IIoT creates the potential for incredibly intelligent decision-making in industrial settings.”
These key functions in manufacturing are a huge component of the IIoT’s potential, as the automated data streams created by connected devices empowers users to operate at peak efficiency. As data becomes a core part of operations, employees are able to intelligently analyze each situation as it arises with all of the information they need at their fingertips. The resulting situation is one in which strategic innovation becomes the norm as true business flexibility is achieved. All of this potential is easier to take advantage of when process automation and orchestration tools are in place to coordinate operations across business groups.
Taking advantage of BPM in industrial settings
The IIoT creates the potential for incredibly intelligent, streamlined decision-making in industrial settings. However, this potential vision can only be achieved if end users get data at the right time and on the right device. BPM tools empower companies to coordinate and connect their processes while also integrating data into those tasks. The result is a situation in which information created and moved through IoT systems can be of optimal use to employees.