Existing maintenance solutions limit production. With the legacy tools and processes at their disposal, manufacturers commonly take reactive or scheduled maintenance approaches that present a multitude of challenges: Existing Maintenance approaches are costly: Up to $1.3M per hour cost of downtime in auto manufacturing (Source: PTC) 10x cost of unplanned downtime compared to planned (Source: ARC Advisory […]
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The manufacturing sector is facing a myriad of challenges, but they all point in one direction – improving the bottom-line performance. Within the energy sector, one of the most important drivers is to increase operational efficiency. Asset management is key to achieving this. Traditionally assets are large and costly, with long service lives. To achieve […]
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“Having spent, over a decade building machine learning and A.I solutions for E.ON we realized that there is clearly a gap in the technology currently on the market.” TY Burridge-Oakland This gap is the real time machine learning analysis of multi-year data. Seems obvious but due to limitations of data indexing, bandwidth, and internet speeds, […]
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The World Health Organization’s (WHO) announcement about Covid – 19 reaching pandemic levels triggered responses across the industrial world. In industrial manufacturing, shop floor activity hit its lowest levels since the Second World War and in many cases manufacturing facilities have been shut down. As we’ve discussed in our previous coverage on the impact of […]
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In the field of civil infrastructures, the vast majority of those, built since the middle of the last century, are subject to a global deterioration of mechanical properties due to varied loads and operating conditions compared to the design, to the aggression of atmospheric agents (e.g. freeze-thaw cycles), and sometimes, due to undersized maintenance actions. […]
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To fully understand what Industrial IoT can do for operational efficiency, one must take a holistic view of its benefits. As previously discussed, Industrial IoT involves the connectivity of all aspects of a factory’s assets. This includes production equipment, inventory, supply chain, maintenance, quality and business operations. In past revolutions, specific linear progress was made […]
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Digital transformation of the global workplace has impacted every aspect of the way companies do business. Much has been made of how smart, connected technologies are working behind the scenes to ingest, blend, and analyze data 24 hours a day, empowering companies like never before to form closer relationships with their customers and partners, gather market […]
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Predictive Maintenance allows you to offer new services to customers, where you use realtime data and insights from your deployed base of units to distance yourself from the competition and create enhanced customer value. Predictive Maintenance (PdM) is the ability to use historical data and analysis at realtime to optimize and predict when a failure […]
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It’s generally acknowledged that Industry 4.0 offers great opportunities for businesses to obtain and analyze data for use in predictive maintenance and improved efficiency. Companies are increasingly implementing IoT systems with the global spending on IIoT (Industrial IoT) platforms for manufacturing predicted to grow from $1.67Bn in 2018 to $12.44Bn in 2024. However, many companies are concerned […]
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The number of possible applications of IIoT grows every day, and this trend isn’t likely to change anytime soon. The latest numbers estimate that the combined IoT markets will reach a staggering $520B by 2021. An industry that is definitely being affected by the recent developments in IoT technology is maintenance. There are many reasons […]
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Does your company struggle with maintaining SCADA systems, want more efficient services for your customers, or want to save money by having a company set-up a cloud-based remote monitoring solution? What is a remote monitoring system? Remote monitoring and controling system are designed to collect data about the operations of any given unit and transmit […]
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The Internet of Things empowers digital transformations in tremendous ways and has already established a significant impact on different sectors, including retail, healthcare, construction, agriculture, and tech companies. IoT in the automobile industry plays a phenomenal role, in that it paves the way to a more sophisticated platform with impeccable inbuilt features. IoT in Various […]
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