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 are using predictive analytics to improve production line productivity, combining industrial IoT, cloud and analytics technologies to predict […]
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Manufacturers are busy either exploring or deploying AR, IoT sensors, and other smart engineering technologies to gain a competitive advantage. Rapid prototyping, married with augmented reality technologies, is starting to help manufacturing companies significantly reduce the time it takes to bring their products to market. According to Alfred Pargfrieder, a Hewlett Packard Enterprise smart engineering consultant, […]
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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 Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels and Firebolt Ventures. With the new funds, the […]
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As Industry 4.0 continues to blaze new trails through the first quarter of the 21st century, it is clear the Industrial Internet of Things is the vehicle of choice for getting there. Global manufacturers have invested heavily in interconnected equipment to create smart factories and investment is expected to continue its growth. One study indicates […]
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Your data scientists are among your most valuable assets. But if you are not making full use of edge analytics then you could be wasting their time. If yours is like most companies, then when you embark on an industrial IoT project your expectation is that it will help improve efficiency and profitability. All that […]
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For most manufacturers, downtime is the single largest source of lost production time. What is Downtime in Manufacturing? Downtime in manufacturing is any period of time when a machine is not in production (quite literally, down). Downtime can be categorized to help identify patterns in machine performance. It receives a high level of attention since […]
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Today, the term Digital Twin is ubiquitous. Four years ago, I had my first personal contact with this concept. I attended the VDI conference “Big Data in Manufacturing”, where a General Electric’s (GE) manager presented the well-known example of the transformation of GE’s business model in the aircraft turbine market. GE equips its turbines with […]
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The manufacturing industry has a long history of automated machines and systems. IIoT is part of larger digital transformation efforts to help connect critical assets, extract data, and improve factory operations. IIoT still raises a lot of questions and here are a few that we asked the COO of Litmus Automation, John Younes. Carolina Rudinschi: […]
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ALPHA 2018 has sold out. ALPHA is a program run by Web Summit organizers and aims to spotlight the early stage startups engineering the future, connecting them to the world’s most influential companies at Web Summit. In this article, I’ve listed a few startups that caught my attention as they develop solutions in one of […]
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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 could diagnose and resolve machine downtime for your customers without sending a technician on site? MachineMetrics is answering these […]
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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 benefit industrial enterprises. In this industrial asset tracking use case, the sample customer is a large multinational mining company with […]
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Overall Equipment Effectiveness (OEE) is the most reliable practices metric for measuring manufacturing productivity. OEE is used as a baseline and benchmark to measure the utilization of a manufacturing operation or piece of equipment. Many uses OEE numbers to trace the progress of the company’s production quality over time. Benchmarks for OEE An OEE score […]
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