The potential of the Internet of Things to manage the multiple moving parts of materials handling in the metals industry.
A KPMG survey of executives in the metals industry found that almost three quarters (72%) had some plans to invest in Internet of Things technologies.
The Internet of Things is the idea that it’s not only our computers and phones, but an increasing number of other objects that can be connected online, and this opens up exciting innovations.
For consumers, it’s leading to developments like fridges that can order groceries when you need them. But what does it offer to materials handling in the metals industry?
Materials handling in the metals industry is a complex, fast-moving world. And to stay on top of it, managers need to know the details of what’s going on – not in a week’s time, but right now. If data on fleets, stocks and safety is buried in databases and spreadsheets, it’s of limited use.
This is where the Internet of Things is going to prove invaluable. It connects the different parts in the system and enables them to send information to each other. Which means that you can receive the data you need, when you need it.
In today’s uncertain business conditions, all materials handling managers are looking to cut costs. But the most successful and forward-thinking of them understand that investing in the right technology now can lead to big savings in the longer term.
Find out how businesses are making their forklift fleets work more efficiently. Download: Materials Handling Solutions that Shift the Gear in the Metal Industry: Tough Operations