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

10 Digital Transformation Technologies & Trends That Will Dominate Enterprises in 2020

Image
MarketsandMarkets  forecasts the digital transformation market to grow from USD 290.00 Billion in 2018 to USD 665.00 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period.  The report also reveals that the digital transformation market has witnessed substantial growth, owing to digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency, rapid proliferation of mobile devices and apps, and increasing penetration of IoT and adoption of cloud services, and need to improve operational performance to gain competitive benefits in the market. ( Source:   MarketsandMarkets ) As  digital business transformation  is going to take the center stage of most organizations, here are the top 10 digital transformation trends that will dominate the enterprise landscape in 2020. Customer Experience Customers. Customers. Customers. The year of 2020 is g.... Cont...
Read more

Digital Transformation & IT – Addressing Employee Buy-In Challenge

Image
Digital transformations not only help your enterprise scale up productivity but also can bring down productivity at times. Wondering how both scenarios are possible? Yes, they are. The below paragraph will help you understand why digital advancements can impact productivity.  If you presume the  success of digital transformation  (DX) is defined by CIOs, CEOs, CTOs, you are wrong – employee adoption makes a big difference when it comes to DX success. If employees don’t keep up, there are high chances of your DX program failing miserably.  Mostly employees that have been using the legacy systems or technologies for years will resist changes. Introducing a new technology or solution to the existing ecosystem without any prior notice would impact the way they work and create aversion.  Shared below are a few points that would force your employees to halt your digital transformation initiat... Continue Reading...
Read more