Your Ultimate Guide to Predictive Maintenance in Manufacturing



A prime reason that contributes to no value but growing costs in Manufacturing is machine downtime. 

 According to an Aberdeen report, the average cost of unplanned equipment downtime is $260,000 per hour. Unplanned downtime plays a critical role in the production and profit of any manufacturing company. 

Continue Reading...

Comments

Post a Comment

Popular posts from this blog

4 Ways Artificial Intelligence Is Transforming Manufacturing Industry

Image
The C-suite executives of manufacturing industry are under immense pressure to innovate and find new streams of revenue as unplanned downtime, labour costs and other legacy systems/processes are killing the productivity and growth of businesses. If you are a CEO or a  CIO of a manufacturing  or a processing company yet to decide on investing in Artificial Intelligence and wondering what would be the RoI, you are not alone. However, it’s high time to invest in a next-gen technology like Artificial Intelligence as this offers a plethora of benefits to any industry. Today, top-level executives of manufacturing industry are investing in AI to improve operational efficiency, productivity, performance. From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing. In a  Forbes Insights Survey  on Artificial Intelligence, 44% of respondents from the automotive and man...
Read more

3 Points to Consider While Choosing A Digital Transformation Partner

Image
Digital transformation needs no introduction as several reports indicate that it is widely practised across industry verticals. By all means, digital transformation is a never-ending journey for any organization. As customers and markets, as well as technologies, evolve, there is always a need for companies to digitally reinvent the organization fully or in parts. In the early phase of the 21st century, digital technologies were being deployed in businesses with the main focus on improved daily operations, enhanced efficiency and level of output. Today, a majority of the digital transformation initiatives focus on delive....    Continue Reading..
Read more

How IoT Is Improving Transportation and Logistics

Image
  IDC suggests  that IoT spending is expected to surpass  1 trillion dollars  by 2022. With more and more companies jumping on the IoT bandwagon, the above statistics holds true. Almost companies across verticals have started to embrace the power of this emerging digital technology to achieve massive success and surpass their competitors. Out of the many, the major beneficiaries of IoT are Logistics and Transportation companies.  This post talks about the role of IoT in logistics and transportation, its benefits and use cases to help you understand the significance of  Industry 4.0 solutions  and their impact on the above-stated business verticals.   How can transportation and logistics be improved with IoT  (Read More..)
Read more