As technology has increased, within the manufacturing industry assembly jobs once done by employed people are now being assembled by robots in order increase production and efficiency.

Over recent years Internet of Things (IOT) technology has infiltrated through the workplace and into our homes, allowing standard white goods and everyday products to become more interactive whilst we are in or away from the workplace or home.

Subsequently to this, it now seems that within the manufacturing industry, that robotics together with IOT technology is emerging to offer a more streamlined approach. By integrating the two types of technology it gains to improve efficiency, production capacity and cost savings throughout the workplace. So how and where are these improvements being made?

IOT and the production process

IOT technology in the production process allows machinery to operate systematically depending on what it has been programmed to do. IOT can send back lots of important information to floor managers and company owners which can help fine tune processes.

Regularly downloading software updates to machines, running equipment using smart energy and feeding back important stats are just some of the methods which are helping businesses to improve their efficiency and reducing overheads.

IOT in the supply chain

IOT can be integrated to monitor products once they have left the manufacturing industry plant. Overseeing their performance, times of the day / week when they are used and their location, plus their condition is vital information that can be fed back at the manufacturers to improve their prototype for the future.

Future challenges for the manufacturing industry in using IOT

Whilst all the above sounds very exciting for the future of IOT, there are draw backs! Cyber security is the biggest headache. Protecting the way in which data is captured can be difficult to control once the product has left the manufacturing plant because products can be intercepted through vulnerabilities by hackers which are not always known to the manufacturer. In order to overcome this, cyber security requires the greatest investment so that we can create secure products that can be successfully utilised in the future.

For more information on cyber security or the issues which the IOT manufacturing industry is currently facing, please contact our IOT insurance specialists. Here at Crendon Insurance, our team are constantly monitoring the industry to assess where support is required for businesses and organisations.

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