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Predictive Maintenance

Machine Monitoring: Your first step in Industrial IoT

The first step in adopting Industrial IoT is Machine Monitoring Industrial IoT is the wave of the future for manufacturing. Why? Because the goal in any plant or on any factory floor is to reduce costs to…

Implementing Predictive Analytics Outside the Factory Floor

A growing number of manufacturers, particularly those with large global footprints and complicated supply chains, have realized the power of predictive analytics. However, many are not taking advantage of this technology for larger, strategic decisions. Some…

MachineMetrics Announces $11.3 Million Series A Funding Round

MachineMetrics, which equips factories with the digital tools needed to increase productivity and win more business, announced this week it has raised $11.3 million in Series A financing. Tola Capital led the round with participation from existing…

The actual cost of downtime in the manufacturing industry

Unplanned downtime costs global manufacturers millions of dollars in lost revenue per incident. According to research cited by electrical and automation engineer Oscar González Rodríguez, more than 90% of machines in plants worldwide are not network-connected,…

Tracking Industrial Assets for Better Business Decisions

While Industrial IoT continues to mature, many customers are hesitant to share project details for obvious competitive reasons.  As an alternative, it can be useful to look at potential use cases to see how IoT can…

Machine Learning is the New Jake

Everyone in, and serving, manufacturing businesses has encountered terms such as Industry 4.0, Digital Transformation, and Smart Factory. Small compute footprints, low-cost, high-availability communication systems, high-capacity–low-cost memory, rapidly evolving sensor technology, and new time-series data structures…

The Power of Pattern Learning for Industrial Operations

The next industrial revolution is here. Whether you call it Industry 4.0 or Industrial IoT or Digital Transformation, the increased access to machine and operational data, proliferation of two-way communication, speed of data flow, combined with…

Take your company from reactive/proactive to predictive analytics

Big Data and cloud technology has provided organizations new ways to drive efficiency and productivity. Among companies recognized as industry leaders and innovators, Asset Optimization has become a trending initiative and is producing strong results for…