Predictive machining can be a complex subject, with most manufacturers assuming such use cases are far beyond their means, meant only for the future of manufacturing.The Data Science team from Machine Metrics has been working hard to identify and deploy predictive solutions at customer sites. Their work explains several different ways in which customers are […]
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Many plants within the United States have been around since that late 1940’s, if not earlier with the industrial revolution. An industrial challenge we are facing is finding ways to keep these aged, old plants running with the technology they were built with. Even though approximately 15% of all machines wear out due to age, […]
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Why the manufacturing industry needs communication standardsThe digital transformation has been underway on factory floors for some time now. As digital technologies emerges as a key factor for remaining competitive, the need for change gains focus. The sheer complexity of many existing systems makes data transparency and networking difficult and highlights why the production industry […]
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The Internet of Things (IoT) is creating a new dynamic in the industrial space, specifically manufacturing. Large manufacturing companies are moving to leverage IoT technologies and predictive analytics as a part of increasing profitability and staying competitive. In the U.S. alone, existing capital stock worth over $6.8 trillion dollars is being fitted with sensors to […]
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The COVID-19 outbreak has accelerated a digital transformation (DX) in the manufacturing industry, notably in the area of enterprise asset management. With the emergence of Industry 4.0, maintenance has stepped out of the shadows. Organizations are accessing the newest technology to go beyond a lean approach to manufacturing and adopt a total productive maintenance (TPM) […]
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McKinsey’s Global Institute predicts that IoT will have an economic impact of around $11 trillion by the end of 2025. The growing demand for automation, centralized monitoring, and predictive maintenance are leading the IoT technology most prominently in the manufacturing industry. With issues like abrupt outbreaks, disasters, and conflicts, manufacturers are increasing their search towards […]
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When pen-and-paper methods of tracking job efficiency left AccuRounds’ engineers and managers in the dark, the shop switched machine monitoring system. However, this brought morale challenges along with it. The data-driven practice quickly demonstrated the benefits of real-time monitoring. It also brought some tensions to the surface among shopfloor employees. AccuRounds’ story can serve as a […]
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It should come as no surprise to anyone that global manufacturing operations have been deeply impacted by the COVID-19 pandemic – with shocks to supply chains, pricing structures and growth strategies. What may be less obvious is how companies can intelligently use analytics to meet these challenges. Sid Verma, general manager of the manufacturing practice […]
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IIoT is driving the manufacturing industry to modernize its software infrastructure. Whether you call it Industry 4.0 or the Industrial Internet of Things (IIoT), manufacturing is in the midst of a significant transformation. A key motivation in this push to modernize is that real-time data and dynamic decision making yield meaningful performance improvements for businesses. […]
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There is no stopping an asset from getting older……and aging plant assets can create a number of challenges for industrial organizations: Frequent breakdowns Disruption Decreasing efficiency According to the former CEO of Factora, Charles A. Horth in an article published in Industry Week: “three categories of business drivers should drive IIoT decisions: Pain: What must […]
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Digital tools that have been developed with the advent of Industry 4.0 can equip manufacturers with the foresight and resiliency they’ll need to recover from the COVID-19 crisis, and manage other incidents that may arise in the future. Companies that survive the pandemic’s initial impact will face hard questions from their board on their resiliency. […]
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Machine learning (ML) is becoming even more prevalent as manufacturers continue their journey towards Industry 4.0 and digitally transform their factories. It has the capacity to make production more efficient by increasing output while maintaining quality standards. ML and industrial automation in manufacturing ML and industrial automation in manufacturing promises to overcome many of the industries most pressing challenges—including […]
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