Impact of IoT on Industries: Smart Enterprise

Running head: SMART ENTERPRISE
SMART ENTERPRISE
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SMART ENTERPRISE
Introduction
This essay aims to discuss the impact of IoT on the industries. A brief explanation of
smart enterprise is provided. A brief discussion of two different aspects of two different
companies are provided in this essay. Lastly, this report concludes with an appropriate
conclusion for this essay.
The IoT has impacted the modern era at a significant level. It has provided
opportunities for the growth of several sectors. Among one of these sectors, the industrial
sector has gained immense growth with the introduction of IoT in their systems. The growth
of smart enterprises has been on the rise in the industrial sector (Wahi, Medury & Misra
2015, p.5).
Discussion
Smart enterprises are the combination of smart management, knowledge management
IT platform, Multiple data sources, and Real business processes (Townsend et al. 2016, p.
31). The functioning of smart enterprise can be understood as:
 The data from all the sensors are measured by KMIT and it executes the import of
data from several databases.
 The processing of raw data, calculation of all indicators and models of
sales/production/business/distribution, evaluation of results and the status of business
objects (merchandises, clienteles, providers, machineries, economics, public,
environment, value, enterprise as whole) is executed by the KMIT (Key Management
IT platform).
 The results of smart management are sent to the common mobile devices by KMIT
after complete verification of the requirement of information.
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SMART ENTERPRISE
Aspect of smart enterprises
Smart manufacturing aspects
The term “Smart” denotes to the enterprises that use and create information and data during
the course of the life cycle of product with an intention of creating flexible processes of
manufacturing that is aimed to respond efficiently to the changes in the demand of the
customers at the lowest cost without damaging the environment (Kusiak 2013, p. 23). The
aspect of smart manufacturing allows all information about all the processes of
manufacturing that are to be made accessible whenever required. The detailed definition of
smart manufacturing ensures several different technologies. Some major technologies in the
aspect of smart manufacturing movement includes capabilities of big data processing,
services and devices connectivity at industrial level, and developed robotics (Ivezic,
Kulvatunyou & Srinivasan 2014, p. 26).
Airbus
The aspect of smart manufacturing is the broad category of producing with the intention of
optimising concept of generation, manufacture, and product business. As manufacturing is
the multi-phase process of generating products from raw materials, this aspect of smart
enterprises is the subset that empowers computer control as well as higher level of
adaptability . The companies who implemented the process of smart manufacturing has the
goal of taking advantage of manufacturing technologies and advanced information for
enabling flexibility in the physical processes for addressing some dynamic and global market
(Weichhart et al. 2016, p. 36).
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SMART ENTERPRISE
The French airplane company Airbus has been gaining growth by harnessing IoT (Internet of
Things) to increase their revenue and generate more profit. The company claims to have
manufacturing facilities all over the world and most of the facilities have implemented the
IoT to generate more profit (Lee & Lee 2015, p. 335). This new technology has helped in
collecting information from the sensors that are located in all the factories. The company first
used the technology of RFID in the tracking parts and now the company is aiming to utilise
the IoT tools to track the tools residing in a factory (Mehdi et al. 2013, p. 30). The cycle time
of an aircraft stretches over 30 years and if the company is progressing towards the
implementation of automation intelligence then it will need to utilise these tools for the entire
lifetime of an airplane. The business strategy of airbus is divided into three categories:
 ERP (Enterprise Resource Planning)
 Engineering and manufacturing processes
 Shop floor
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