As Industrial Internet of Things (IIoT) gains momentum in the automotive and defense industry many are calculating the risk-reward ratio of becoming early adopters. However, just as many are unsure of where to start and how to incorporate machine learning and artificial intelligence (AI) technology into their data collection strategy. In this session, you will learn why the process data and analytics provided by IIoT solutions are the most important part of machine learning and AI, and the cumulative benefits of investing in a solution that does it all.
- Learn about the relationship between AI, machine learning and IIoT
- Gain a complete understanding of IIoT, artificial intelligence and machine learning and what it means for OEMs
- Discover how to launch your organization’s new technology journey and how to avoid the common barriers to adoption
Why Is It Important?
OEMs are critical partners to manufacturers, and IIoT technology provides analytical tools that help them understand the mechanical factors and environmental conditions that lead to machine failures. Whether it’s vibration, temperature, pressure or other performance indicators, OEMs can use this technology to analyze machine data gathered from their IoT-enabled machines to perform predictive maintenance.
Predictive analytics helps OEMs plan for repairs, so they have parts on hand only when and where they need it. In turn, they minimize the cost of carrying excess equipment inventory and can accurately schedule repairs around customer production schedules to avoid any disruptions.
Also, by leveraging IIoT technology, OEMs will be able to analyze how customers are using their machines in the field to improve product designs. Data from the equipment can feed directly to the product development process so OEMs can improve designs of existing products or create entirely new machines based on the information. In some cases, they may be able to use the information to customize products based on usage patterns or other factors observed in the field.
This new business model fostered by IIoT will drive ongoing revenue, enhanced customer service and future-ready products. It’s a winning formula that secures forward-thinking OEMs the competitive advantage through differentiated products based on customer usage and improved services.