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Network Infrastructure Magazine | Tuesday, June 27, 2023
The IoT-driven information value loop enables manufacturers to gain valuable insights and create new revenue streams. Additionally, network resilience is essential for maintaining operational efficiency and business continuity in the manufacturing industry.
FREMONT, CA: The global Internet of Things (IoT) industry is expanding at a rapid rate. Manufacturing is one of the industries that is displaying this exponential progress concerning the IoT market.
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The Information Value Loop
IoT provides manufacturers with a clearer understanding of the products they sell to their customer bases, such as cars, internet-connected fridges, or other types of smart devices. These have the potential to continually feed information to the manufacturer on their status while also providing the power to them to offer new services as well as support packages, resulting in increased revenue streams from their customers.
The process is called the information value loop and it comprises three interconnected components, namely, stages, value drivers, and technologies. For data to complete the loop and bring value, it is required to move through all the stages of the loop and every single one of them is assisted by a certain technology.
Information is generated by a sensor that monitors an action. That data is passed through a network such that it can be communicated, either through legal, technical, regulatory, or social standards. Then the information is allowed to be aggregated through space and time. The loop is closed by augmented behaviour technologies that either empower automated autonomous actions or influence human decisions, effectively resulting in enhanced actions.
By utilising a blend of various technologies, manufacturers can maintain an active information value loop, ensuring a continuous flow of vital insights regarding customers, product performance, and operational efficiencies. Consequently, this empowers them to leverage these insights for gaining a business advantage and a competitive edge.
Using the information value loop efficiently is vital for manufacturing success, just as it is to understanding that being systematic also depends on the maintenance of a complete resilient network.
The Importance of Resilience
Regardless of whether a business has one plant or numerous factories across the globe, being streamlined in the context of network infrastructures is crucial to maximise operational efforts and reduce downtime and bottlenecks while keeping the information value loop. When a device inside the network fails, quick and precise troubleshooting is important. Every minute of downtime influences profits and production.
This is the reason why manufacturers immediately necessitate a resilient network; to ascertain the business continuity required for optimised functioning of operations. Manufacturing organisations are in control of numerous plants, often across the globe. Therefore, engineers must ensure that they can manage their networks remotely, allowing for a larger amount of uptime.
Network resilience refers to the capability to offer and maintain an acceptable level of service during adversity that poses obstacles to normal operations. Aside from boosting uptime or building in redundancy, network resilience provides an additional layer of intelligence to the backbone of a company, also known as the IT infrastructure.
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