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

https://www.worldofchemicals.com/digitalissue/chemical-today-august-2017/22

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

http://bit.ly/21W5H0z

http://apple.co/1ZwID77

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