4 Tips for Reducing the Costs of Industrial IOT Networks – ListDen

The use of Internet of Things technologies in industries is known as industrial IoT. In the last few years, the concept of the Internet of Things (IoT) has become quite popular. It covers a large territory including physical devices, vehicles, machinery, and other items lodged with electronics. But in reality it is much more than this, it is being used in many fields and industries is one of them.

When companies start with IIOT, it is advisable to focus on the basics first. But over time, the needs will grow and eventually, the need for complex and advanced systems will arise. This will demand an investment of time and capital resources. Having an advanced system is not a joke and demands constant attention. There are many costs associated and if not kept under control, they can balloon up quickly.

So here are 4 simple tips for reducing the costs of maintaining the costs of industrial IOT networks –

Installation Costs

The first step is to make sure your network is up to the paces for working with IOT solutions. In most cases, the IIOT platforms are run on the existing network infrastructure. If your old setup is capable of the upgrade then the costs will be lower from the first day.

When getting new hardware to manage with the old setup, use equipment that supports a wide band of voltage and power conditions. It will be slightly expensive at the initial stages but will cover up the costs later in the process.

Configuration Costs

The configuration of the devices and the complete network is one of the most important, time-consuming and expensive parts of the setup. Some devices come with basic options which make customs procedures a necessity. These devices are usually the cheaper ones. On the other hand, the more expensive devices usually have a full-fledged GUI based setup which allows for easier management in larger projects. They also have mass management and configuration options which make large deployments a lot more hassle-free.

Operational Costs

The more automation you introduce to your network options and setup, the lower will be your operational costs. Having devices with self-management features will be more cost-effective in the long run. Another factor that determines the longevity and in return lower operational costs is the use of industrial grade components.

They will much more reliable than domestic options. The initial purchase costs will be higher with such devices but prevent any downtime and failures.

Downtime Costs

Having tools that immediately provide information about the root cause of the failure is a cost-saving option. This way, the downtime can be reduced to significant extents. A system with smart and automatic backup options is also desirable as it will help save time and reduce costs when the systems will be back up and running.

Adding redundancy to your network profiles is also beneficial but this will add significant upfront costs for which may or may not be possible for every organization.

 

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