Internet of Things Applications

Manufacturing operations management systems are not going away. In fact, many experts expect them to evolve into key components of Internet of Things applications.

More than 40 percent of organizations expect the Internet of Things (IoT) to transform their business or offer significant new revenue or cost-savings opportunities over the next three years, according to industry analyst firm Gartner. Though IoT is still in the early adoption stage, manufacturers have been integrating data from sensors and instrumentation on the shop floor via manufacturing operations management (MOM) systems for many years. This makes it all the more important that manufacturers have a solid understanding of the differences between MOM systems and industrial IoT platforms. Both have their strengths and play a role in delivering key insights to improve real-time performance and operational visibility to enable the smart, connected manufacturing enterprise.

At first glance, robust MOM solutions provide some of the key functionalities associated with IoT platforms. However, most MOM systems fall short on four components: connectivity, cloud, Big Data analytics and application development. And it is these capabilities that define an industry IoT platform, according to research firm LNS Research in its report, “The Impact of the IoT on MOM Solutions” (this research was sponsored by Epicor Software).

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