IoT Technology

How BridgeThings Digitalizes Traditional Industries with IoT Technology?

IoT Technology

Industrial IoT

We presently live in an age of continuous improvement and development. With rising interdependence on technical ideas and revving change, communities slowly became internet-driven and more accepting of the tech space.

Most businesses trust current technology to enhance their firm structure as much as possible. By adopting technologies like the IoT, enterprises are unlocking their possibility, significantly eliminating information protection and privacy concerns. In addition, modern technologies such as Machine learning(ML), the Internet of Things (IoT), and Artificial intelligence (AI) are helping enterprises digitize their processing and increase overall productivity in line with current requirements. Even traditional industries marginalized in history can improve their efficiency and invention through digital connectivity. Moreover, in a rapidly changing world with the help of technology, industries will likely encounter unique challenges that need the best efforts to attain outcomes.

BridgeThings incorporates a team of IoT enthusiasts who tirelessly perform towards acquiring the objective of delivering a one-stop solution to manufacturers. BridgeThings majorly builds a standardized IoT solution that installs within the plant premises and changes the traditional working culture into a gadget-operated innovative format. The solution works full-fledged via the connected machine that captures asset data and drives it further to transform it into a user-friendly format to perform a better analysis. It serves multiple industries like oil & gas, water, and hospitality with state-of-the-art concepts.

Let’s comprehend the primary objective of presenting current technologies to enterprises.

Real-time Management.

Modern technologies such as IoT are creating breakthrough refinements in many industries for asset automation. It provides intelligent monitoring of the manufacturing floor using sensors, gateways, and dashboards that deliver accurate results to manufacturers. It provides significant business development in all aspects, especially real-time management the overall industrial performance.

Smart Data Management.

The rapid market growth in a data-driven world is driving the development of specialized and reliable technology services. Technologies such as IoT are expanding manufacturing processes, allowing users to efficiently track and control their assets, assuring that the work isn’t affected. The Internet of Things facilitates intelligent data management with a secure deployment of the entire architecture within the industrial premises.

Production Visibility.

With the advent of the Internet, industries have evolved rapidly, and the transition to data-driven societies has changed the whole idea of ​​the production scenario. Modern technologies are implemented in industries to improve the health status of assets through actionable information and provide adequate production transparency. The IoT solutions at BridgeThings bring visibility within the system and drive profitability by providing managers with a much-needed end-to-end service.

 Predictive Maintenance

Of all the existing technologies, IoT technology helps industry people through real-time analysis and predictive maintenance. It includes data collection and evaluation to optimize and maximize maintenance operations in the industry. Sensors feed directly into assets, monitoring asset health, capabilities, real-time performance, and suitability, allowing managers to predict maintenance needs. Using sensor devices and connecting to a gateway turns site data into helpful information for managers to make effective decisions.

Improve the Existing Infrastructure.

The technological revolution offers advances in more essential elements of industries. As managers become more familiar with developed technologies, they simplify tedious and complex tasks into seamless operations. The authorities are using modern methods to improve the existing infrastructure by creating a complete architecture to automate the industry for adequate supply and demand. Therefore, Bridgethings develops various solutions, focusing on industrial infrastructure and improving the functioning of existing assets using sensor-based systems.

Advantages of Current Technologies in Industries

Cost Reduction

The demand for efficient technologies in industries can benefit from higher costs in various segments. Many factors affect the industry’s value, such as labor, machinery, resources, and the supply chain. Can reduce all of these excess costs through the use of advanced technologies and automated procedures for manufacturing operations. Technologies such as IoT help improve the accuracy of speed and simplify the exchange and collection of information. It provides performance on a small budget and restores areas of profitability for managers.

ROI

Every business concentrates majorly on making a substantial ROI via its services. Big data and analytics are a few technologies that consume most of their activities, presenting accurate reports of production results that affect managers’ decision-making efficiency. With industrial access to modern technologies expanding in many business areas, service companies are looking at implementing profitable solutions to generate positive ROI when installing IoT to empower, grow and create state-of-the-art capabilities. Adds value to future customers and highlights applicability to existing customers.

Scalable Solution

The introduction of advanced technologies and concepts drives business with sufficient scalability, comprehensive warranty, flexible installation, and high cost-effectiveness. Modern technologies provide tremendous scalability for companies with greater flexibility in resource consumption and cost savings. 

Multiple Alerts capabilities

Modern technology has stand-alone capabilities to launch a connected smart manager gadget with real-time alerts. These alerts are generated via SMS, emails, notifications, etc. Numerous alerting options simplify management tasks by keeping authorities up to date on production conditions. In addition, it enables efficient decision-making based on the situation and allows managers to manage production facilities even remotely, thanks to reliable communication measures.

How IoT is Helpful for Asset management?

IoT is beneficial in terms of asset management.

Iot Assset management

Real-Time Data

IoT can get real-time data which can perform a significant role in future developments and outlining. For instance, let us take an agriculture-based industry. As the human population rises continuously, so does the need for food supply. Smart Agriculture with IoT is one of the fast-growing sectors.

Farmers can use actionable information to improve yields and for enhanced return on investment. Exposing to soil moisture and nutrients, controlling water utilization for plant growth, and selecting Which fertilizers are best for a growing plantation are some simple and effective usages of IoT technology.

Similarly, IoT can provide analytics on fast-selling stocks and thus help in managing assets and developing the business.

Decrease Human Involvement

IoT-enabled asset management uses sensors. This grants organizations to know their assets’ data, eliminating the need for human effort. It actively maintains track of all assets through IoT sensors attached to each asset.

However, selecting the IoT sensor is also important. A variety of them gauge measures such as temperature, humidity, acceleration, proximity, etc. Therefore, the right IoT sensor has to be selected as per the business need. The sensors are attached to the assets used to generate data, and the same is transferred to the Cloud platform. It sends data every 5 or 10 minutes (as programmed by the organization).

Asset Optimization

When an asset is acquired, it is assigned to produce revenue from the asset. Asset managers know the value of maintaining machinery in running condition. When an asset tracking plan executes, keeping a clear picture of assets to make compatible plans is vital.

With IoT-enabled asset management, the company can see if the asset production is in line with the expectations or not. If it is not running efficiently, preventive and predictive maintenance needs to execute for asset optimization.

IoT sensors keep track of asset performance. With such data, the business can make the appropriate decision to save costs and increase the time of an asset.

Asset & Expense Tracking

Asset tracking is crucial to increase the productivity and growth of the company. IoT permits to get real-time data of assets, thereby assuring the security and safety of the asset.

Without reviewing the source from where costs originate, it is difficult for a business to reduce costs. For instance, if the Maintenance Manager is not aware of the main problem of machines,

 they cannot make the right and timely transit to keep the asset in operation.

IoT-empowered assets provide information resulting from the root cause of any problem. It assures that the issues are solved, breakdown costs save, and it can make smart financial decisions in time.

Enhanced Monitoring Maintenance

With IoT technology, the industry can monitor its Machines, assets, equipment, etc., in real-time. For example, when a manufacturing unit examines the health of its asset, it can reduce the related operational costs.

An IoT sensor can notify plant managers when the running parameters of assets such as temperature or environment are not in the permitted range

Conclusion

The requirement for asset tracking IoT gadgets will increase three times by 2022, as per asset management experts. Sectors such as manufacturing, hotels, transportation, agriculture, and retail can benefit from this technology.

Internet of Things (IoT) is the next-generation system for asset management software. Though it is relatively new, it has the potential to transform organizations from traditional to digital. The opportunities produced by IoT are indeed humongous, and it promises to be the latest technology edge that companies can use. This is particularly true for that business who are ready to embrace change – for the better.

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How IoT Can Be Used in Warehouse management

With Advanced IoT Business solutions, Many industries have transitioned operational procedures from manual to digital. As the Sensors, Data storage, Internet, analytics become more agile, affordable, higher-quality, and better integrated. For example, learn about the numerous benefits of utilizing IoT solutions for warehouse management.

What is It and Who Uses It?

Effective Warehouse inventory management aims to organize and control the flow of products within a warehouse’s operations. such actions include

  • Receipting inbound assets
  • Tracking goods activity throughout the warehouse 
  • Managing the quality of products during storage
  • Making sure the couch racking or shelving is up to code

Warehouse management systems are tools that companies purchase and use to satisfy their distribution channels and supply chains when spreadsheet tracks just won’t cut it.

So, then, how Specifically do you implement IoT in Warehouse management? A Warehouse uses innovative Technology to automate methods and diminish labor costs. 

For example, IoT- Integrated RFID Tags can save large data volumes- much more than standard bar codes. When the warehouse executes radio frequency identification readers, up to two hundred tags can be scanned at once. The data gathered from RFID Tags saved in a cloud-based platform and automatically concocted and examined. Now, the manager can compactly see consolidated inventory data through a visual dashboard. Serial numbers, Sizes, Expiration dates, entrepreneurs, and many more goods components can be added to the dashboard without any manual input.

Battery-powered Sensors are another form of IoT Technology that can better warehouse performances-they allow managers to be more careful over the warehouse’s commodities. The warehouse’s Temperature, vibrations, humidity, and light motion can be tracked. therefore diminishing the cost of spoiled goods 

Challenges of Traditional Warehouse Inventory Management – And How IoT System Management Can Help

Various Challenges are intrinsic to traditional (manual) warehouse inventory management. However, IoT Solutions for warehouse management can drastically decrease the circumstances and make it easier to handle them.

Locating Inventory 

Identifying the exact location of every product in the warehouse should be very difficult-especially one with multiple floors. Therefore, IoT Warehouse Management provides for the tracking of products across all floors.

Monitoring 

Do you identify what is coming in and out of your warehouse? Are you projecting and maintaining order strictly? If not, IoT solutions for warehouse management can track product movement and use analytic models to foretell future demand.

Warehouse Space 

Is your inventory being stocked efficiently and in a manner that enables it to be picked off the racks quickly? Setting up the comprehensive storage system manually takes lots of trial and error. However, IoT-integrated systems can configure an excellent and dynamic layout with little effort on your behalf. 

Equipment Maintaining 

If your devices fail, you will have to deal with downtime that will not please your distributors. Luckily, IoT solutions for warehouse management can track the performance and condition of your equipment.

Storing Inventory

Is your warehouse at a maximum temperature for supporting the quality of heat-sensitive products? An IoT warehouse system can monitor temperatures and different environmental parameters, keeping you out of situations where food products drop their freshness.

Benefits of Using IoT for Warehouse Management

We have addressed the difficulties in IoT warehouse management can quiet – now it’s time to take a deeper look at its advantages. 

Reduced labor costs:

An average warehouse with 100 non-supervisory workers might spend up to $3.7 million per year in labor expenses – this adds up to an unusual 65% of their operating budget. However, when you use IoT-integrated warehouse management, you are trimming down the amount of time it takes to organize products, find products, map ideal layouts, check equipment for maintenance, and more. With the automation of tasks comes substantial cost savings. 

Space Utilization:

The average warehouse size is roughly 180,000 square feet. While this may seem vast, nearly half of warehouse managers have difficulty maintaining the space effectively. IoT warehouse management systems help the managers accommodate as many goods as possible with their space. Programs can track the entry and exit of goods and, thus, easily find vacant spots for the allocation of products. 

Real-time data sharing:

let’s say, for occurrence, that your IoT warehouse banks food products that must keep at a specific temperature range. If the warehouse atmosphere gets close to leaving that range, alerts sent to the manager can take preventative actions and evade product wastage. 

Global supply chain visibility:

About one-third of warehouses do not use sufficient data assistance methods. This means that they aren’t obtaining complete data on their market’s supply and demand. With the advanced analytics available in IoT warehouse management software, a manager can view the different logistics levels and take the market status into account when optimizing operations. When you incorporate IoT into your warehouse analytics, you can manage procurement, scheduling, and other procedures based on inventory stock levels.

Optimize Your IoT Smart Warehouse With Bridgethings 

The implementation of IoT in warehouse management systems enables managers to optimize methods and assignments under advanced analytics. As a result, the need for manual intervention has been reduced, and warehouses can fully optimize allotted space for goods. Furthermore, IoT sensors allow the quality maintenance of perishable goods. 

Bridgethings can assist you to deploy the most efficient software integrated with IoT devices of any kind to digitize various operations inside the warehouse facility, including real-time inventory tracking, workflow clarity, and demand prediction algorithms. If you’re ready to automate your warehouse processes and save time and resources, reach out to our team for a consultation.