The Internet of Things can increase industrial productivity by 30-50%

30 May 2023

More and more companies around the world are resorting to using the Internet of Things (IoT) to improve the efficiency of production processes. Globally, the industrial IoT market will reach $620 billion by 2030. According to analysts, the use of IoT solutions in industry has reduced production costs by 25%, which has led to a 50% increase in revenue. Operating expenses of companies are reduced by an average of 30%, and the number of unforeseen equipment failures is reduced by 70%. According to the Russian IT company SATEL, the Internet of Things market in Russia is at the stage of development, as only 27% of enterprises in Russia use IoT technologies, while in the United States this figure reaches 69%.

Industrial enterprises can use IoT solutions at all stages of production, from monitoring the condition of equipment to optimizing logistics. For example, sensors can monitor temperature, humidity, liquid level and other parameters. This allows you to quickly respond to possible problems and avoid interruptions in production processes. Employees quickly lose their concentration while watching the monotonous video from surveillance cameras. Already 12 minutes after the start of work, people do not notice 45% of the actions taking place in the frame. After 22 minutes, they are already missing 95% of the actions in the frame. The number of violations of the company's personnel can be reduced tenfold due to the detection of video analytics by the system.

Another category of IoT solutions is automated process control systems (ACS). Such systems make it possible to stabilize the operation of the enterprise in a given mode, monitor the progress of the process (including identifying pre-emergency situations), as well as timely provide engineering and technical personnel with complete information about production processes.

Due to the introduction of automated process control systems, industrial enterprises manage to increase labor productivity by 25% and reduce the number of industrial injuries. This leads to a 20% reduction in health and safety costs. In turn, the number of production line downtime is reduced by 2 times, and maintenance costs are reduced by 40%. SATEL's portfolio includes a number of solutions in the field of automation of production activities. For example, integrated into the production processes of chemical and mining and metallurgical holdings, the SMART industrial enterprise situational management system has made it possible to reduce the likelihood of emergency situations by early detection of possible accidents and incidents.

«Russia has significant potential for the growth of the use of IoT technologies in industry and opportunities to improve production processes and increase the competitiveness of companies in the global market. The greatest need for the introduction of IoT technologies is in such sectors of the Russian economy as fuel and energy, metallurgy, mechanical engineering and pharmaceuticals», says Alexander Taskaev, Head of the Department of Intelligent Automation Systems at SATEL. - Our company's IoT solutions cover the needs of customers representing a wide variety of industries. Flexible adjustment of the functionality of solutions to the specifics of the tasks of a particular case is our important competitive advantage».