The Industrial Internet of Things
Using Pervasive Communication Infrastructure to bring secure, safe and synergistic solutions to your business
Many of us live our daily lives connected to the Internet of Things (IoT) as a consumer. IDC forecasts 30 billion connected devices will be in use by consumers and business by 2020 and IoT spending will surpass $1 trillion by 2022.
Our lives are becoming increasingly more connected from fitness wearables, smart appliances to home automation.
We can check on our homes from anywhere, our hand-held devices track our fitness, know where we are going, how we are getting there, and how long it will take us to return home. Our cars tell us how much farther we can go before running out of gas, and where the closest gas station is located.
The next major leap, and the largest industry revolution of the internet era, is the advancement of the Industrial Internet of Things (IIoT), where data generated by connected devices will improve business efficiencies.
The Industrial Internet of Things integrates sensing, communication and analytic capabilities to enhance manufacturing and industrial processes, bringing machines, computers and people together to make industrial operations more efficient.
Smart machines and devices accurately and consistently capture and communicate real-time data computed at the edge, from multiple assets, locations and people allowing businesses to turn data into insights and capitalize on efficiencies and cost savings, bringing a competitive advantage to organisations.
Leading the way in oil and gas development, ExxonMobil just announced their integration with IIoT technology to securely collect real-time data and increase their profitability and competitive advantage in the Permian Basin, Texas.
Texmark has been working on developing the Refinery of the Future through a consortium of strategic partners that includes Rigstar, to improve process analytics, increase up-time and provide uninterrupted productivity while maintaining customer satisfaction and safer workers.
Through this consortium, Rigstar is capable of propelling your existing facilities into an IIoT ready network that will help you achieve all of the value of this digital age infrastructure.
Industries such as Energy, Agriculture, Public Safety, Manufacturing, Transportation, Healthcare, and the creation of Smart Cities are transforming the way they do business, allowing for smarter business decisions, faster. IDC forecasts show the top industries for growth will be:
- discrete manufacturing; asset management and operations
- process management
- transportation; freight monitoring and fleet management
- utilities; smart grids, gas, water
The largest compound annual growth rates (CAGR) will be in insurance (17.1%), government (16.1%) and healthcare (15.4%).
While many business owners may be looking to solve one particular problem, the value chain and benefits of full integration to the IIoT is layered and dynamic, capable of generating large returns through:
- operational synergies and efficiencies
- cost reductions
- increased environmental health and safety
- reduced maintenance costs through predictive maintenance
- increased workforce productivity
Businesses can successfully transform their Information and Operations Technology infrastructure to be IoT ready at the edge. Where IT and OT data has not previously intersected, the Internet of Things is capable of bridging the gap to provide an integrated approach to previously siloed departments. These two areas converge using edge computing to process and analyse data, allowing your business to gain meaningful insights and take-action as a future-ready organisation.
Edge Servers Capture Big Data
Through Rigstar Industrial Telecom’s pervasive communication infrastructure and edge computing technology, organizations can securely capture stranded data from practically anywhere, analyse the data rapidly at the edge, take action to optimize operations, and transport valuable information back to the corporate network data lake.
The financial impact and operational benefits from enterprise implementation of the Industrial Internet of Things is synergistic. Some benefits include:
- Asset tracking
- Capturing Stranded Data
- Value-Chain Automation
- Enhanced Industry Health Safety and Environment
- Increased efficiencies and reduced waste = cost and time savings
- Reduced maintenance cost through predictive maintenance
- Increased workforce productivity
- Reduced trouble-shooting from days to minutes
- Optimization of production
- Increased productivity, optimized supply chain
- Competitive advantage: more data, faster allowing for timely and better business decisions
The Compounding Financial Benefits of Predictive Maintenance
To gain further insight on the compounding business and economic benefits of the industrial internet of things, let’s use predictive maintenance as an example:
Rather than having a set schedule where your field engineer provides preventative
maintenance, they maintain equipment based on analytics sent from sensors to edge devices that have analyzed data telling them how well the equipment is functioning and whether it will need maintenance soon.
This frees the operator’s time, allowing them to focus their attention and manpower on tasks
that are more important. Additionally, this saves your business:
- the costs of operational downtown
- unnecessary maintenance and material costs
- keeps production steady with lower operational risk
- increases HS&E
- mitigates concerns of unplanned downtime at critical periods
In highly remote locations, Rigstar provides remote connectivity through edge servers and our pervasive communication infrastructure, which have been constructed for the harshest conditions. Data is uploaded to the field operator’s edge device, through the cloud when they arrive on site for inspection, then downloaded to a hand-held device, or desktop when they return to the office, for use in the data integration and management platform.
Rigstar protects your data against emerging cyber-threats utilizing world-class cyber AI intrusion and threat protection software, DarkTrace, addressing this very important issue for your company.
The benefits of real-time Cloud Security Cameras and Remote Monitoring Units
Rigstar provides real-time video monitoring in a broad range of industries including pipeline construction, industrial and commercial builders, to remote government assets and parks.
It was recently reported copper theft resulted in $300,000 in damages to oilfield wells near Calgary, AB. This could have been mitigated with real-time monitoring using Rigstar’s Cloud Security Camera that immediately alerts headquarters and our NOC of visitors using edge-based analytics. Engineered to withstand any climate, Rigstar’s extremely rugged and robust Remote Monitoring Units use HD cameras to monitor your assets 24/7.
Benefiting from industry leading software and using edge-based analytics and cloud image storage, you can monitor all of your sites safely and remotely with one device, protecting your personnel, physical assets, and infrastructure, and preventing unnecessary costs to your business.
Make your business future-ready
From Cloud Security Cameras to full-scale engineered IIoT solutions designed for any industry, Rigstar can match your specific business needs at a pace suitable for you.