The universe of objects connected for communication via Internet — the Internet of Things (IoT) or Industrial Internet — has the potential to change manufacturing through enhanced data collection. In fact, General Electric predicts the efficiencies and data collection IoT enables could mean as much as a $15 trillion boost in global GDP over the next two decades.
For pharmaceutical manufacturers, IoT benefits include facilitating data analysis and remote access to equipment, streamlining efficiencies and even preventing counterfeiting.
Data Collection and Analysis
As the number of devices connected to the Internet increases from 10 billion today to potentially 50 billion by 2020, data will be generated on an incredible scale. However, this data only becomes truly valuable once it is analyzed and turned actionable. Advanced analytics allow manufacturers to achieve this by automatically converting machine data into key performance indicators such as Overall Equipment Effectiveness (OEE).
IoT technology affords manufacturers the ability to monitor a facility, and everything connected within it, remotely from almost anywhere. Plant managers can check the status of a facility in real time from hundreds of miles away on their smart phones. Technicians can perform diagnostic services on a specific machine remotely and verify data collection from the other data devices on the line. The implementation of predictive algorithms makes it possible to identify potential problems on the line and enact swift corrective action. In short, remote access equips pharmaceutical manufacturers with capabilities that can reduce machine downtime and waste, lower production costs, and increase productivity and efficiency.
Track and Trace
For the pharmaceutical industry in particular, IoT’s impact may extend well beyond the manufacturing plant walls. The problem of counterfeit drugs continues to push the need for improved track-and-trace capabilities throughout production and distribution channel. In linking the monitoring and data collection capabilities in production with intelligent product identifiers such as 2D barcodes and RFID tags directly on packaging, manufacturers create a more complete and quickly available digital record.
Sourcing IoT Solutions
Pharmaceutical manufacturers looking for technology for their real-world IoT applications can look to PACK EXPO East (Feb. 16-18, 2015; Pennsylvania Convention Center, Philadelphia) where they’ll find state-of-the-art sensors for remote monitoring and control, the most recent innovations in track-and-trace capabilities and other technologies that will bring IoT to life. The range of technologies at their fingertips will give attendees new opportunities to draw inspiration from other industries, as will educational opportunities such as exhibitors’ in-booth sessions, the Innovation Stage and PMMI’s Education Pavilion which will connect attendees with e-learning and certificate programs for professional development.
To learn more and register for PACK EXPO East, visit Packexpoeast.com ($30 through Jan. 21, 2015; then $60).
PMMI, The Association for Packaging and Processing Technologies, is a trade association representing over 650 packaging and processing supply chain companies that provide a full range of packaging and processing machinery, materials, components and containers. PMMI actively brings buyers and sellers together through programs and events such as the PACK EXPO portfolio of trade shows, packexpo.com, PACK EXPO Show Daily, networking events and educational programs.
PMMI organizes the PACK EXPO trade shows: PACK EXPO International, Pharma EXPO, co-located with PACK EXPO International and presented jointly with the International Society for Pharmaceutical Engineering (ISPE); PACK EXPO Las Vegas, PACK EXPO East, EXPO PACK México and EXPO PACK Guadalajara, connecting participants in the packaging and processing supply chain with their customers around the world. Coming Up: PACK EXPO East, debuting Feb. 16–18, 2015 (Pennsylvania Convention Center, Philadelphia); EXPO PACK Guadalajara 2015, March 10–12 (Guadalajara, Jalisco, Mexico); EXPO PACK México 2015, June 16–19 (Mexico City, Mexico); PACK EXPO Las Vegas 2015 (Sept. 28-30, Las Vegas Convention Center); Pharma EXPO, co-located with PACK EXPO Las Vegas 2015.