APRIL - 2020CONSTRUCTIONBUSINESSREVIEW.COM10CAN WE EXPECT SAFER HEAVY EQUIPMENT IN 2020?The developments in technology have helped mature organizations implement heavy machinery that is automated and enabled with connectivity and big data analyticsHeavy equipment is primarily used in industries such as construction, mining, energy, civil engineering, transportation, and many others. There are many varieties of heavy industrial machines that include construction equipment, wheel loaders, manufacturing equipment, earthmovers, hydraulic cranes, bulldozers, oversized trucks, and more. Companies depend on heavy machinery to boost production and to prevent human errors.With the help of the latest IoT developments, it is possible to reduce equipment downtime while enhancing the efficiency of the product. Organizations that supply industrial machinery and components are witnessing inclinations in connected machinery and parts with IoT integration. IoT-driven asset management solutions provide a host of advantages that includes predictive maintenance to avoid equipment failure, bring increased asset reliability, advanced asset health, accident avoidance in the workplace, and downtime reduction.Protection of personnel and assets, accidents and resulting injuries, and blockage in the supply chain are a few common issues that are widespread in asset-intensive industries such as manufacturing, utilities, and construction. By bringing transparency into day-to-day operations, altering the legacy systems with an integrated solution, and automating manual processes, can help the companies to overcome the challenges.Digitalization, mixed with connected devices with IoT-based solutions, can lend a hand to overcome any challenge. The end-to-end clarity of the equipment brings better decision-making, boosts asset reliability, and also enhances the people and process effectiveness. The technology traits increase the competence of the product development process, in general.A few studies say the size of the heavy construction equipment market is estimated to rise to $180.66 Billion by the end of this year. Wireless technology has an enormous impact on the construction industry, which brings better connectivity for heavy equipment. The machines utilize technology-enabled devices shared with cloud computing, which also allows storage and sharing of data.Besides, IoT plays a significant role in boosting productivity, improving preventive maintenance, reducing downtime, and cutting down repair costs. IoT-integrated sensors with the equipment also detect and send automated alerts concerning the status of the equipment systems and its parts. Furthermore, it can also help with preventive and predictive maintenance by compiling and analyzing the usage and maintenance data. With the increasing number of heavy equipment, the risk also rises, which turns out to be smart and safe with IoT. IN FOCUS
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