With Industry 4.0, the manufacturing world is embracing the very significant efficiencies and cost benefits to be gained through sensing, collecting and analysing data through many disparate sensors out in the field. The advantages are clear: adopting IoT brings about a more connected ecosystem with data gathered every second of the day or night by small autonomous devices, in real time. Analysis of this data then brings about continuous improvements to processes within the “Smart Factory”.
Connecting production stages, streamlining management processes, refining logistics, optimising safety, benefitting from predictive maintenance and bringing down operational costs can all contribute to huge overall performance increases.
Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.