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3 key steps to implement the Industrial Internet of Things
Aging infrastructure, cost pressures, margin fluctuations, and regulatory reviews are driving the need for more efficient and powerful maintenance technologies. Fortunately, industrial maintenance can be improved through data analysis, predictive maintenance, artificial intelligence, and connected infrastructure, but determining where to start can be a difficult part of the process. A failed deployment of a new technology could frustrate managers in further efforts. This article describes some of the key steps that industrial facilities should take when starting their digital journey to ensure success.
The importance of the Industrial Internet of Things
The World Economic Forum estimates that "the digital transformation of the oil and gas industry can bring about $ 1.6 trillion in economic impact to the industry, its customers, and the wider society." Given these changes, the industry will be in the next 5 to 10 years Of digital spending is expected to grow to more than $ 30 billion per year. These digital efforts are part of a larger fourth industrial revolution, and this technological revolution is changing the way we live and work.
A key element of the Fourth Industrial Revolution is the Internet of Things (IoT), a network of connected devices embedded in everyday objects such as cars and appliances. It is expected that in the next 5 years, the Internet of Things will create an economic value of 4-11 trillion US dollars, a large part of which will come from the Industrial Internet of Things (IIoT) applications.
Data-rich and time-sensitive industries can benefit a lot from the potential of the Industrial Internet of Things. Oil and gas companies have huge data pools in their upstream and downstream assets, but this data is hidden by siloed, paper-based processes, provides little real-time data, and has little sense of responsibility at the individual worker level. Lack of data transparency can lead to accidents, rework, and unplanned downtime, which can cost tens of billions of dollars to plants every year. The Industrial Internet of Things can help leverage new data sources to improve maintenance processes and save significant costs.
Why industry lags behind digital
Digital technology is not new. Companies began using these technologies in the 1980s to better understand production potential, improve health and safety, and increase operational efficiency. However, in recent years, industry has lagged far behind other industries on the digital road.
The adoption of the Industrial Internet of Things and other digital technologies is often hampered by outdated regulatory frameworks, lack of standards in data formats, inability to share information across the entire ecosystem, and the generally conservative or cost-oriented attitude of industry leaders. Because of these outdated modes of operation, data is often shelved and not connected to internal management systems. As senior leaders with decades of expertise retire, digitalization has become even more important to help bridge the technology and experience gap.
How to implement an industrial IoT solution
The Industrial Internet of Things is considered as the interface between the physical world and the virtual world. When workers are on-site, they can use their device, whether it's a smartphone, tablet or augmented reality glasses, to see the data hidden in front of their eyes.
Despite this, the adoption rate of Industrial IoT tools is still low unless these systems are designed so that anyone can use them with less training. If you have a data scientist working in a factory, your system design must be terrible.
There are three key steps that can make the adoption of the Industrial Internet of Things easier: data structure, connectivity, and the human-machine interface ecosystem.
data structure
Start with the data structure. You should use a consistent naming convention to identify all systems. The data should also be in an easily digitized format rather than locked in a filing cabinet.
Connectivity
The entire plant must have a consistent and reliable network connection. This can be a Wi-Fi network, a mobile network that the device can use at any time, or work in offline mode and then periodically collect and synchronize the data stored on the device.
Human-machine interface ecosystem
As remote monitoring becomes possible, the third and final step is to develop an ecosystem to manage data and provide valuable insights. Businesses will need common dashboards to integrate, display, and analyze data from the field, as well as easy-to-use human-machine interface ecosystems such as smartphones and tablets.
Once your data is digitized and easily accessible, the benefits will quickly become apparent to everyone in the organization, not just the facility owner. (From the Internet of Things Home Network) From improving operational efficiency and better communication between owners and contractors, to reducing environmental and security risks, the data transparency brought by integrated networked devices will help almost everyone.
Going forward, industrial facilities cannot afford to miss the opportunity that comes from using data and technology in meaningful ways. The road to digitalization is inevitable, but accelerating the pace can significantly improve efficiency and security.