What the Internet of Things Means for Electronic Manufacturing

There’s a lot of talk about the Internet of Things (IoT) these days and for good reason. The IoT refers to electronic devices communicating and sharing data through wireless connections. For example, your clothes dryer will be able to send an alert to your phone letting you know your clothes are ready.  Not only is the IoT set to change our daily lives but it will also transform electronics manufacturing.

Automated Equipment Monitoring

Instead of requiring constant monitoring from workers, equipment will, in many ways, be self-monitoring. The IoT allows equipment to automatically collect and communicate data such as the number of items produced, down time, and malfunctions to production managers. Using this data, production managers will be able to make real-time decisions to increase efficiency and reduce down time. The end result of manufacturing equipment connected to the IoT will be increased production.

Increased Demand For Connected Devices

While the IoT will likely make manufacturing processes more efficient it will also cause a spike in demand for connected devices. While the IoT is making headlines the demand for connected devices still hasn’t reached a fever pitch. As more end users learn about the benefits of the IoT demand will only rise, driving growth in the electronics manufacturing industry. In fact, “According to new research from International Data Corporation (IDC), the worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%”.

A Partner For The Future

At bisco industries we believe the past informs the future. With over 40 years of experience bisco understands the challenges of technological change. A franchised distributor of electronic components, specialty fasteners, and hardware, bisco industries offers e-commerce shopping as well as a large staff of customer representatives. We’ll help you locate the components you need and more importantly provide the value added services to make your supply chain even more efficient.  Make sure you have reliable a supply partner as you navigate the rapid expansion of the IoT. Contact bisco industries today!