Manufacturers have been connecting manufacturing assets together for a long time. Since the advent of programmable logic controllers (PLCs) and distributed control systems (DCSs) almost 50-years ago, the digital age and machine-to-machine (M2M) communication has permeated the plant floor. This has led to incremental improvements in productivity, quality, and equipment reliability as increased data has led to better insight into manufacturing processes.
Manufacturing and allied asset intensive industries like mining, energy, and utilities are on the verge of radical changes brought on by the convergence of information technology (IT) with a host of operational technologies (OT). The industrial IoT, big data, and predictive analytics is impacting the way manufacturers and asset intensive industries pursue operational excellence. Asset performance management (APM) has become a core competency thanks to smart, connected assets. The industrial IoT allows enterprises to gain more insight from their assets, better manage operational risk, and improve their overall effectiveness.
The Covisint IoT Platform enables manufacturing and asset intensive industries to manage and implement predictive and prescriptive maintenance programs and pursue operational excellence – connecting ecosystems of people, systems and things across the connected initiative.