Use Cases Factory Operations Visibility & Intelligence

Factory Operations Visibility & Intelligence

Visualizing factory operations data is a challenge for many manufacturers today. One of the IIoT initiatives some manufacturers are pursuing today is providing real-time visibility in factory operations and the health of machines. The goal is to improve manufacturing efficiency. The challenge is in combining and correlating diverse data sources that greatly vary in nature, origin, and life cycle. Factory Operations Visibility and Intelligence (FOVI) is designed to collect sensor data generated on the factory floor, production-equipment logs, production plans and statistics, operator information, and to integrate all this and other related information in the cloud. In this way, it can be used to bring visibility to production facilities, analyze and predict outcomes, and support better decisions for improvements.
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Pitney Bowes Industrial Internet
Pitney Bowes Industrial Internet
The world's 1st-ever Industrial Internet platform, Predix, becomes a pathway for revenue generation and notable new cost savings for Pitney Bowes' production mail business. An ordinary mail business, this is not. Of the 150 million pieces of mail produced each day in the US, the majority go through Pitney Bowes machines.
KPMG’s Distributed Ledger Services meet Luxembourg
KPMG’s Distributed Ledger Services meet Luxembourg
In the upcoming years, we believe that interest in distributed ledgers will continue to grow around the globe.In Luxembourg, attention on the technology has surged in recent months, with digital players involved in DLT being increasingly attracted to Luxembourg.All industries combined, public institutions and private companies alike, are shifting together towards automating their internal and external processes. This phenomenon is triggering a digital convergence between market participants and will bring new opportunities for collaboration.New modes of transactions and user interactions for current products and services are emerging. We believe that industries should now internally improve their skills and competencies in order to be ready when the technology will reach its full maturity. 
AGM Creates Revolutionary New SCADA Communication Tool with CalAmp Solutions
AGM Creates Revolutionary New SCADA Communication Tool with CalAmp Solutions
Today, interoperability is a challenge. Communicating between programmable logic controllers (PLCs) from different vendors and with other peripheral devices on the same system presents difficulties. Industrial IoT companies rely on remote devices to control, monitor and maintain the health of their systems. The RTU, or remote terminal unit, transmits telemetry data to the PLC via the DCS or SCADA system and uses messages from them to control connected objects. For example, oil and gas companies need to know the status of pressure and volume on their pipeline. They may need to open or close valves depending on the conditions, which operators would do by communicating with the RTUs.When updates to the hardware were required, these companies were faced with limited options. They could either buy more devices from the same vendor, which was restrictive. Or, they could purchase from another manufacturer and then invest more time and money to have their SCADA integrator reprogrammed.

The industrial control and factory automation market are expected to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%.

Source: markets and markets

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