As an industrial business leader, you understand that machine health and asset performance are critical to keeping operations running efficiently. Managing complex equipment on your production line can be both time-consuming and costly when done manually or not at all.
Enter Industrial IoT asset monitoring – a digital platform for collecting near real-time data from assets across an operation’s industrial landscape to boost productivity and capability, as well as improve safety and compliance standards.
In this blog post, you’ll discover how these innovative IoT solutions enable businesses in the industrial sector to monitor their machines from anywhere and ensure optimal functioning performance in each step of the manufacturing process while proactively reducing costs and driving operational efficiencies.
What Is Industrial Asset Monitoring?
Industrial asset monitoring is a revolutionary IIoT technology that enables companies to gain real-time insights into the health of machines across their industrial networks.
By tracking key performance metrics such as energy consumption, operating temperature, and vibration through IoT sensors attached to industrial assets, industrial asset monitoring facilitates an effective approach to predictive maintenance, reducing downtime and preventing unplanned interruptions in operations.
With industrial asset management and monitoring, companies can anticipate problems before they arise and proactively respond by making operational adjustments or scheduling preventive maintenance activities.
As such, industrial asset monitoring solutions are being adopted by industrial facilities worldwide due to their ability to enable more efficient management of industrial assets while improving safety and reducing operational costs.
How Does Industrial Asset Monitoring Help In Improving Machine Health?
Industrial asset monitoring can help industrial plants and other businesses improve machine health in a few ways.
Firstly, industrial asset monitor systems provide information about the usage, performance, and condition of industrial machinery. This data helps to alert staff when there is an issue with any part of the machinery, allowing them to take prompt maintenance action to ensure operating efficiency and avoid breakdowns.
Secondly, industrial asset monitoring systems come with advanced analytics capabilities that allow personnel to identify trends in machine usage, which they can use to anticipate issues before they arise and plan preventative maintenance activities accordingly.
By combining real-time data with actionable insights, industrial plant operators can significantly reduce equipment downtime and extend their machines’ lifespans.
Types Of Asset Data That Can Be Monitored To Improve Machine Health
There are three main types of industrial asset data collected by IoT asset monitoring – asset performance data, usage data, and environmental data.
- Performance metrics measure the operational information of a machine, including run time and other operational factors.
- Usage data looks at how an industrial asset is used in the production environment, such as operating temperature or speed.
- Lastly, environmental data monitors any additional external factors that can affect industrial assets, such as wind direction or humidity.
All these types of industrial asset data must be monitored together to improve machine health with IoT asset monitoring.
The Benefits Of Industrial Asset Monitoring
Industrial asset monitoring provides industrial businesses with an invaluable resource due to its many benefits, including:
- Reduced Downtime: One of the primary benefits of industrial asset monitoring is that it can help to reduce downtime. Downtime is the period of time when a machine or system is not operational. When industrial assets are properly monitored, it can help to identify potential problems before they occur, which can minimize the amount of unplanned downtime that occurs.
- Operational Efficiency: Another benefit of industrial asset monitoring is that it can help to increase operational efficiency. When assets are properly monitored, it can help to ensure that they are being used in the most efficient manner possible. Additionally, by eliminating unplanned downtime, industrial asset monitoring can also help to increase overall production levels.
- Improved Safety: Industrial asset monitoring can also help to improve safety in the workplace. Identifying potential hazards and problems before they occur, condition monitoring can help to prevent accidents and injuries. For example, if you notice that a machine is vibrating excessively, you can take steps to fix the problem before it causes an injury. Additionally, by monitoring employee behavior, industrial asset monitoring can also help to ensure that employees are following safety procedures and protocols.
- Lower Maintenance Costs: Machine health monitoring can also help to lower maintenance costs. Identifying potential problems before they occur, IoT asset monitoring can help to reduce the need for repairs or replacements. Additionally, monitoring equipment usage can help to extend the life of the asset and further reduce maintenance costs.
- Increased Asset Life Span: Industrial asset monitoring can also help to increase the life span of your assets. By tracking the performance of your assets, you can identify areas where improvements can be made to extend their life span. For example, if you notice that a machine is consistently operating at high levels of stress, you may be able to make adjustments to reduce its stress levels and extend its life span.
- Better Informed Decision Making: Industrial asset monitoring can also help to improve decision-making within your organization. By tracking your asset data, you can gain insights into your operations that would not be apparent without data analysis. Additionally, by using data from asset monitoring to improve your processes, you can make better decisions about allocating your resources.
Ultimately, industrial asset monitoring is a powerful tool for industrial businesses looking to stay competitive in this changing market.
How To Get Started With Industrial Asset Monitoring
Improving the health of your machines can be as simple as understanding what data to collect and how it can impact your decision-making. The benefits of industrial asset monitoring are numerous, but the key is to focus on the data that will help you make proactive maintenance decisions about your equipment.
If you’re ready to start with industrial asset monitoring, we can help. Our IoT solution enables you to collect and analyze data from your machines in real-time to improve machine health and prevent downtime. Request a demo below to see how our solution works.
Last Updated on January 30, 2023 by Radiant