Internet of Things in Finnish metal industry
Permanent address of the item is
Metal industry plays a vital role in the economy of any country. It is due to the wide range of customers that this industry serves including mechanical engineering, construction, automobile etc. Metal industry has always been stronger industrial area for Finland and has served as one of the biggest employers. Although there are big names associated with Finnish metal industry, the industry is mainly dominated by SMEs. Changing market demands, high level of quality expectation and at the same time need to ensure lower operational costs, are forcing companies in metal industry to evaluate and improve business processes. Finland has always been ahead of time when it comes to digitization, including research activities, government support and deployments of new technologies. This has ensured the basic IT infrastructure, availability of internet across all industries in Finland, creating a pro-digitization setup. Internet of Things (Iot) and Industrial internet of Things (IIoT) technologies are standardizing in recent couple of years. The successful deployments of IIoT are encouraging and have proven the economic, social, environmental value that it creates, making a good basis for Finnish metal industry to adopt IIoT. This paper focuses on recent developments in IoT and value created by IoT in the context of metal industry. Since confidence on newer technologies like IoT increases with success stories, case study was the most suitable research method for this research. ABB, one of the major player in IIoT space was considered the case company for this research. The research concludes that the value could be created by predictive maintenance and automation, to overcome major challenges in Finnish metal industry and IoT platforms could help SMEs, which makes the major part of Finnish metal industry, for IoT adoption.