The development of the Internet of Things industry is in full swing, and smart manufacturing has become a popular application field.

Nowadays, the interconnection of all things has become a general trend, and countries around the world have invested a lot of manpower and material resources in the research and development of cutting-edge IoT technologies. With the joint efforts of scientific researchers from various countries, emerging Internet of Things technologies have emerged one after another and have been applied in the development of transportation, construction, medical, logistics and other industries.

In the diversified application scenarios of the Internet of Things, its application in the manufacturing field is increasingly deepened, and it has injected new impetus into the industrial structure adjustment and accelerated industrial structure upgrading of the entire manufacturing industry.

The global Internet of Things industry is developing in full swing

In recent years, countries such as China, the United Kingdom, and the United States have promulgated a series of policies to support the development of the Internet of Things industry. As countries around the world continue to increase policies to support the development of the Internet of Things industry and the research and development of emerging technologies continues to accelerate, innovative application models for the Internet of Things are emerging at an accelerated pace, and the development models of many industries are also speeding up adjustments to adapt to new development needs. At the same time, cutting-edge IoT technologies are also accelerating their integration and application with technologies such as artificial intelligence, edge computing, blockchain, and big data.

At present, it has become an industry consensus to accelerate the exploration of the commercial value of the Internet of Things and use it to promote cross-domain development of related industries. Driven by the joint efforts of countries around the world, the development speed of the Internet of Things industry continues to accelerate, and the market scale continues to expand. According to statistics from the “Market Demand and Investment Forecast Analysis Report in the Application Field of the Internet of Things Industry” released by the Qianzhan Industry Research Institute, the global Internet of Things market size reached US$79.8 billion in 2017, a year-on-year increase of more than 13%; it is expected that in 2018, the global Internet of Things market will reach US$79.8 billion. The scale of the Internet market will exceed US$100 billion, with year-on-year growth expected to exceed 28%.

In fact, as the scale of the Internet of Things market continues to expand, its value in the industrial development process has gradually been released and has been recognized by more and more people in the industry. At present, many researchers have begun to actively explore new ways to efficiently apply the Internet of Things to agriculture, medical care, manufacturing and other fields, which has accelerated the actual application of the Internet of Things.

Manufacturing becomes a hot application area of ​​IoT

Recently, IDC released the “Global IoT Spending Guide for the First Half of 2018”. This guide provides a comprehensive analysis and summary of the development of the IoT market in the first half of 2018 from the dimensions of technology, industry, and application scenarios. After continuous tracking and research on multiple industries, IDC believes that the upgrading and transformation of the manufacturing industry will be a key factor in determining the development of China’s Internet of Things market. Once this guide was released, it aroused thinking and heated discussions among industry insiders: What impact will the Internet of Things have on the development of the manufacturing industry? What are the significant advantages of the Internet of Things?

Overall, the Internet of Things is not only one of the key technologies for smart manufacturing, but also an important way for manufacturing companies to achieve digital transformation; with the help of Internet of Things technology, companies can efficiently collect and integrate analysis of multiple types of data to provide customers with Provide value-added services such as remote fault diagnosis, predictive operation and maintenance, and realize new revenue growth from data monetization through in-depth exploration of data value, turning product manufacturers into comprehensive service providers.

Specifically, the Internet of Things can help companies build a relatively complete industrial chain system including product manufacturing, transportation, sales, etc., thereby helping companies reduce production and operation and maintenance costs, and improve their modern service levels. For example, by remotely monitoring all aspects of product production, enterprise production managers can promptly discover problems in the production process and make improvements. This will undoubtedly be of great help in optimizing the product production process and improving product productivity. In addition, the Internet of Things also has certain advantages in shortening the development cycle of manufacturing products and reducing the cost of new product development.

In the future, the Internet of Things will inject more vitality into the development of manufacturing industry

In recent years, cutting-edge technologies such as the Internet of Things, big data, and cloud computing have been increasingly used in the manufacturing industry. Driven by these technologies, the manufacturing industry has accelerated its transformation and upgrading towards intelligence and efficiency, and has achieved certain results. development results. At the same time, problems such as low output value and low material utilization in the development process of the manufacturing industry also deserve attention.

Although the manufacturing industry faces many challenges as it moves forward, many people in the industry are still confident about the development prospects of the manufacturing industry. In the future, driven by government industrial upgrading policies and the wave of corporate digital transformation, the Internet of Things will be more deeply applied in the manufacturing field, and the manufacturing industry will also play a more important role in the intelligent upgrading of traditional industries.

By then, the accelerated construction of infrastructure such as 5G low-power wide area networks and the access of trillions of new manufacturing equipment to the Internet of Things platform will promote new development results in the manufacturing industry, such as artificial intelligence, edge computing, and blockchain. The integration and application of technology acceleration and the Internet of Things will also become a major trend.