Canvas Category Consultancy : Trade Group : International
The Industry IoT Consortium delivers transformative business value to industry, organizations, and society by accelerating adoption of a trustworthy internet of things. The Industry IoT Consortium is a program of the Object Management Group (OMG).
Optimizing manufacturing processing and quality management with digital twins, IIoT
The application of IIoT and digital twin technologies in production process and quality management in steel production processes with the following characteristics:
- Integrate process design data, quality specification data, equipment operational real time data, quality measurement data into a holistic end-to-end closed-loop system, enabling comprehensive online monitoring and analytics of production process and supporting product quality traceability.
- Combine digital twin and Industrial Internet technology seamlessly into a holistic platform to support such an application.
- Enable digital twin for both equipment and product alike, dynamically bind product digital twins with equipment digital twins to enabling product process and quality online tracking, monitoring and traceability.
- Combine online data and analytic technologies with Lean management and Six Sigma concepts and best practice for production process and quality management, creating a digital Lean capability.
How Companies Oversee IoT Device Management
Companies have been using Internet of Things (IoT) devices for a long time, from agricultural companies monitoring weather and crop conditions to industrial companies tracking the output and safety within manufacturing facilities.
IoT can accelerate processes by giving companies real-time data and visibility, but having a lot of devices can be a maintenance and security headache. In those cases, it’s even more important to have the right procedures in place for IoT management.
Evolution of Machine Autonomy in Factory Transactions
So while we’ve not completely entered the age of the machine economy, defined as a network of smart, connected, and self-sufficient machines that are economically independent and can autonomously execute transactions within a market with little to no human intervention, we are getting close.
The building blocks to create the factory of the future are here, including the Internet of Things (IoT), artificial intelligence (AI), and blockchain. This trifecta of technology has the potential to disrupt the industrial space, but it needs to be connected with a few more things, such as digital twin technology, mobile robots, a standardized way for machines to communicate, and smart services, like sharing machine capacity in a distributed ecosystem.
“The biggest obstacle is culture,” said IIC’s Mellor. “The average age of the industrial plant is 19 years. These are huge investments that last for decades. The organizations that run these facilities are very cautious. Even a 0.5% chance of failure can cost millions of dollars.”