The simple answer is “cost”. The embedded system technology stated earlier isn’t the simplest thing in the world, and also not the most inexpensive. Internet of Things breathes new life into the cost-effectiveness of remote monitoring/control/automation technologies thanks to major developments in ubiquitous computing. Companies can finally achieve all the benefits associated with remote connectivity for a lower price, greatly expanding the range of IoT applications and implementations.
Monitoring mechanical equipment is the biggest concern within a range of industries, i.e. manufacturing, drilling, oil & gas, etc. It has always required top-notch delivery of three major yet sophisticated technologies, at prices that are always “too much” for companies. For starters, IoT will strike at the heart of these technologies:
The lower cost concept originates from the ubiquitous nature of IoT technologies, similar to that of smartphones. For the engineering profession, this means that clients’ requirements will drastically increase. They will expect unplanned downtimes to be cut down, assuming their equipment’s health will be tracked in real-time. Along with this, they will expect that the system will warn them of maintenance activities beforehand, banking on the concept of predictive maintenance. Clients will also look for greater visibility in their equipment and area of operation. For instance, an HVAC system will be expected to take into account multiple factors such as air temperature, power quality, sound levels, vibrations, etc. before adjusting its outputs.
Finally, engineers will require the data to be presented in workflows that can be remotely accessed and viewed on multiple devices so that troubleshooting and rectification of faults can be performed easily.
All these expectations and requirements will become standards for the engineering industry, making it essential for machine builders to leverage IoT technologies within their products to stay competitive and maintain their profits in the years to come.
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