IIOT: More investment than expense

IIOT: More an investment than an expense

11:36 AM, 28th August 2017
Vivek Gupta, General Manager & Head Instrument, DCM Shriram Ltd
Vivek Gupta, General Manager & Head Instrument, DCM Shriram Ltd.

In an interview, Vivek Gupta, General Manager & Head Instrument, DCM Shriram Ltd with Chemical Today Magazine talks about IIOT in the process industry.   

By Debarati Das

IIOT in Process industry.

As of now, IIOT acceptance has been more in the manufacturing sector. As far as the process industry is concerned, there are quite a number of hazardous chemicals to deal with where one small mistake can result into havoc. That’s the reason there is still a hesitancy in acceptance of something new, and thus the technology is seeping in very slowly. However, we have begun with digitizing compressors, motors, pumps, etc.

IIOT in the process industry is being used more for predictive maintenance. IIOT can be very useful for having information like when a particular machine needs maintenance and when a scheduled shutdown should be made. This can help in having the plant run flawlessly with well-maintained machines without any breakdowns and losses to the company.

IIOT for SMEs.

When big companies adopt certain technologies, it gives confidence to smaller companies to adopt those technologies too. However, these technologies are costly. The small industries need some off the shelf technologies that will suit their need and are in their budget. There is also a dire need to make these small companies understand the need for digital solutions. There needs to be an effort to explain that the investment on these digital solutions will be much less when compared to the losses incurred due to breakdowns and unplanned shutdowns. The mind set needs to change and it has to come from the top.

© Chemical Today Magazine


See the Interview in Chemical Today magazine


View the magazine on Mobile, download the Chemical Today magazine app





Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Enhancing safety, cost-effectiveness in high precision component cleaning

Hymatic Engineering Coy Ltd, part of Honeywell Aerospace, based in Redditch in the UK, specialises in the design, development and manufacture of cryog ...

Read more
Adhesives & sealants to make cars lighter, tougher

Adhesives and sealants are the most versatile bonding agents available today and are used by automakers to make cars lighter and tougher. Adhesives ar ...

Read more
Changing mindset before changing technology

In an interview, Himanshu Vyas, Sr Vice President (Technology), Aditya Birla Group with Chemical Today Magazine talks about making IIOT a reality for ...

Read more
Growing business with digital connectivity

In an interview, Vikas Deshmukh, Vice President, Technology Center of Excellence, Reliance Industries with Chemical Today Magazine talks about digital ...

Read more
Shell starts production at Gbaran-Ubie project in Nigeria

LAGOS, NIGERIA: The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie phase 2, a key project in N ...

Read more
Quaker presents mining solutions to suppress dust, reduce downtime

CONSHOHOCKEN, US: Quaker Chemical Corporation (KWR) said that it will be presenting how its DUSTGRIP dust suppressants and MI ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X