Unplanned downtime remains one of the most expensive and disruptive challenges facing manufacturers today, with industry estimates placing the average cost at $260,000 per hour for large-scale operations and well into the millions for sectors like automotive and oil and gas. In this article, IIoT World breaks down the direct and hidden costs of manufacturing […]
Read more →
New challenges and technologies such as virtualization are disrupting networks everywhere, with many businesses struggling to remain agile. What is network virtualization? Network virtualization is the process of combining hardware and software network resources and network functionality into a single, software based administrative entity. Virtual networks are no longer something to consider in the future. […]
Read more →
Unplanned work stoppages cost global industries millions of dollars in lost revenue. Downtime can be caused for multiple reasons. Examples can be weather delays in airline companies or cyber crime which lead to infrastructure breakdowns. Susceptibility to failure persists, particularly as it relates to factories. According to some research information, more than 90% of machines […]
Read more →