Unlocking the Value of Stranded Data: The Power of IoT in Industrial Facilities

The Industrial Internet of Things (IIoT) has the potential to liberate valuable stranded data that is currently locked away in various systems and devices in industrial facilities. Stranded data refers to data that is not being used to its full potential, either because it is not being captured at all, or because it is being captured but not being analyzed or acted upon in a meaningful way.

The IIoT can help liberate this stranded data by connecting various devices and systems in an industrial facility, allowing data to be collected from a wide range of sources. This data can then be analyzed and used to drive improvements in processes, equipment, and operations.

For example, by connecting sensors on equipment such as pumps and motors, data can be collected on factors such as temperature, vibration, and energy consumption. This data can then be analyzed to identify patterns and trends, which can be used to predict when maintenance is required or to optimize the performance of the equipment.

Similarly, by connecting different systems such as production management, maintenance management, and quality management, data can be collected and analyzed to identify areas where improvements can be made. For example, data on production rates, downtime, and quality can be used to identify bottlenecks in the production process and to optimize production schedules.

Overall, the IIoT has the potential to liberate valuable stranded data and to drive significant improvements in industrial operations. By connecting devices and systems, and by analyzing the data that is collected, industrial facilities can improve efficiency, reduce costs, and enhance safety and reliability.