It’s time to future proof businesses
The changing trends over the past few years and especially after the outbreak of the Covid-19 pandemic has shown us that adapting to the new normal is necessary for business continuity.
Commercial companies are changing the way they operate and conduct business to meet the evolving customer demands and purchasing behaviours. The more fortunate ones accelerating their efforts to expand their capacities to meet the surge in demand.
On the flipside, industrial businesses are faced with their own set of challenges from managing operations remotely to disruptions in the supply chain. The real winners are companies that have already embarked on their digitisation journey whether in the media, banking, construction or business sector, among others.
Industrial players, who have adopted industry technologies such as automation and predictive maintenance can focus on improving productivity and growth instead.
No matter where the company sits currently in the adoption curve, it is imperative that they look forward and focus on ensuring business resilience and continuity. In their digitisation journey, companies, whether industrial or commercial in nature, will face several hurdles that can be mitigated through the effective integration of operational technology (OT)and IT. The following steps might be useful in this journey.
Managing data explosion: Companies that are spending on artificial intelligence, machine learning, and robotic process automation technologies will see explosive growth over the next few years, with about half of enterprises using the technologies at scale by 2025. With growth and greater adoption of technology comes an explosion of data.
All machines that produce millions of data must be collected, aggregated, and analysed in real-time so that companies can derive value from it. The ability to fully harness information from physical assets and use it to drive informed decisions is important to the full realisation of industry.
Achieving seamless integration between OT&IT : Driven by the accelerated rise of smart technologies, industries are bringing together Industrial Internet of Things (IIoT), connected machine, robots, sensors, smart devices, and real-time data analytics to intergrate and automate various tasks of the manufacturing system. The combination of Edge computing and industrial IoT devices will make it easier to streamline industrial processes, optimise supply chains, and create the “smart” factory.
Having greater visibility of the data you generate. All machines in an industrial or manufacturing facility that generate data need to be controlled and managed effectively . The process starts when sensors collect data from the environment. They feed data into the OT system that then digitises them.These then cross over to IT side for processing before they head to the data centres. This is where edge IT systems, which perform more analysis, come into play.
Edge IT processing systems generally sit in the facility or location that is the closest to the sensors. While it is possible to process the data at the data centre, it does, however, take a longer time. IIoT implementation’s actual ROI value is realised through actionable insights derived from the collected IoT data, in real time. This could only be possible with the help of a high-performance analytics platform and infrastructure at the source at the Edge.
Commercial and industrial companies are driven by the need to transform and embrace digitalisation to keep up with the demands of the marketplace, to stay relevant, and maintain resilience. The low latency, high bandwidth, and trusted computing that comes with industrial edge can power an ‘always on’ ecosystem within any facility.
Caleb Nasasira, Retail investor
