The management model “lean manufacturing” seeks to minimize losses and it also boosts added value to customers. Furthermore, this model is based on the idea that waste includes every operation that does not add value to the customer’s experience. For example, operations which involve overproduction,…
Manufacturing uses a variety of pieces of equipment that require monitoring and timely checks. IoT technology allows managers to improve manufacturing productivity by making it much easier with sensor-based connectivity. Therefore, this improves efficiency and asset health and provides perks such as instant decision-making and…
IoT in the Oil and Gas Industry The oil and gas industry is responsible for over 61% of global energy production. Fuel losses in the United States amount to $10 billion each year due to thefts and leaks. According to statistics, approximately 2.5 million miles of…