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 manufacturers…
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 investors…
The actual cost of downtime in the manufacturing industry
Unplanned downtime remains one of the most expensive and disruptive challenges facing manufacturers today. For most manufacturers, downtime is the single largest source of lost production time , yet over 80% of companies are unable to…
Industry’s first AI-driven remote machine monitoring solution for OEM’s & machine builders
What if you could stop a machine before a catastrophic failure? What if you could detect a bearing wearing faster than expected, before it was scheduled for maintenance and before it causes downtime? What if you…
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…
The railway predictive maintenance and the enabling role of the Internet of Things
The availability of innovative technologies and the huge amount of data are the key factors able to revolutionizing maintenance in the 21st century. Leveraging deep engineering knowledge and data analytics capabilities, analysis of this data 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…
How Machine Learning can help SMEs to maximize the value of operational data
Data generated by manufacturing or process operations, especially time series data, is very rich in information that can provide actionable insights on the current and future health of the production systems and the products they create. As…
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…
Rearview Business Intelligence misleads strategy for most of today’s enterprises
Businesses are quickly joining the big data revolution. The outcome is a collection of massive efforts to collect and condition enterprise data that represents the last month, the previous quarter, or past years. Then, they crunch…
10 Myths Surrounding Predictive Maintenance
When managing the maintenance practices for a facility it’s important to understand the different approaches and the benefits of each. At the core, maintenance styles can be classified into a few different categories. Some of the…