SEGi University recently hosted a highly successful event on the transformative impact of the Industrial Internet of Things (IIoT), organised by Dr. Fadzilah, Dr. Go Tze Fong, Dr. Jenny Ong, Ir. Ts. Mathan, and Ir. Dr. Patrick Teo. The event featured an insightful lecture by industrial expert Ir. Tong, attended by 35 students and four lecturers. Ir. Tong, a seasoned professional engineer, shared his extensive experience in automation and digitizing manufacturing processes, providing a comprehensive overview of IIoT and its core principles.
The lecture highlighted the seamless integration of smart devices and sensors in manufacturing, showcasing how IIoT is revolutionising the industry through real-time data collection and analysis. Ir. Tong navigated through case studies that demonstrated the optimization of manufacturing processes, illustrating the significant benefits of IIoT. According to MarketsandMarkets, the global IIoT market is expected to grow from USD 77.3 billion in 2020 to USD 110.6 billion by 2025, emphasising the critical importance of this technology in the future of manufacturing.
Key benefits of IIoT discussed included enhanced efficiency, predictive maintenance, and optimised supply chains. Manufacturers can streamline processes, reduce downtime, and boost productivity by connecting machines and systems into a digital ecosystem. Predictive maintenance, enabled by sensors and analytics, allows for scheduled upkeep, saving both time and money while ensuring operational continuity.
The event also underscored IIoT’s role in improving quality control and energy efficiency. Real-time monitoring ensures consistent product quality, promptly addressing any issues to reduce defects. Additionally, IIoT facilitates smart energy utilisation, helping companies reduce costs and their environmental footprint. These advancements align with global sustainability goals, promoting environmentally responsible manufacturing practices.
Safety in the workplace was another focal point, with IIoT applications enhancing safety protocols through wearable devices and machine monitoring, mitigating potential hazards in real-time. The data-driven nature of IIoT empowers decision-makers with valuable insights, enabling swift adaptations to market changes and optimising processes for better outcomes.
Embracing IIoT technology gives organisations a competitive edge, allowing them to respond more effectively to market demands and customer preferences. The collaboration between traditional manufacturing, IT, and software companies fosters innovation, driving the development of new technologies and solutions. According to a report by McKinsey, digital manufacturing technologies, including IIoT, could create up to USD 3.7 trillion in value by 2025.
SEGi University’s commitment to cutting-edge education and industry-relevant knowledge was evident in this event. By facilitating such engagements, SEGi ensures its students are well-prepared to meet future industry demands, positioning them at the forefront of technological advancements in the manufacturing sector. This event not only showcased SEGi’s dedication to academic excellence but also its role in shaping the future of industrial innovation.
