MachineMetrics Blog

Top Causes of Machine Failure and How to Prevent Them

Machine failure, once an accepted part of life for manufacturers and OEMs, has met its match with modern technology using IoT devices, the cloud, and edge computing. In order to pre-empt and prevent
MachineMetrics / Jan 14, 2021

Communication Clears Machine Monitoring's Morale Hurdles

Originally published on Modern Machine Shop. When pen-and-paper methods of tracking job efficiency left AccuRounds’ engineers and managers in the dark, the shop switched to MachineMetrics. But
Machine Monitoring / Jan 07, 2021

What is an Edge Device and Why Is It Essential for IoT?

What is an Edge Device? Edge devices are pieces of equipment that serve to transmit data between the local network and the cloud. They are able to translate between the protocols, or languages, used
MachineMetrics / Jan 07, 2021

How OEE Software Improves Production Efficiency

Overall Equipment Effectiveness (OEE) is a methodology that has been around for many years.  It is a straightforward system that measures a machine’s performance and productivity.  By factoring in
MachineMetrics / Dec 30, 2021
START DRIVING DECISIONS WITH MACHINE DATA.

Ready to empower your shop floor?

Learn More
Categories:
    Graham Immerman
    Graham Immerman Industry 4.0 / June 15, 2018

    IoT growth

    It's hard to really see how quickly IoT growth is changing our world, but Forbes put together some statistic that demonstrate the change. "By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services." The IoT market will likely reach $123 billion in the next three years. 

    Recommended Read10 Charts That Will Challenge Your Perspective Of IoT's GrowthSource: http://www.forbes.com

    By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. McKinsey predicts the IoT market will be worth $581B for ICT-based spend alone by 2020, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15%. Read More
    START DRIVING DECISIONS WITH MACHINE DATA.

    Ready to empower your shop floor?

    Learn More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Read the latest

    Emerging Industry 4.0 Technologies With Real-World Examples
    Emerging Industry 4.0 Technologies With...
    What Is Industry 4.0 Technology? Industry 4.0, also known as the Fourth Industrial Revolution, is all about making business smarter and more automated. Where the Third Industrial Revolution focused on switching mechanical and analog processes to digital ones, the Fourth Industrial Revolution focuses on deepening the impact of our digital technologies by making our machines more self-sufficient, able to “talk” to one another, and to...
    machinemetricsindustry-4-0 / June 15, 2018
    How Industry 4.0 Technology is Solving the Skills Gap
    How Industry 4.0 Technology is Solving the Skills...
    Industry 4.0 and Its Role in Training Tomorrow’s Workforce Once again, the manufacturing industry is in a state of flux. The rise of several emerging technologies is bringing some excitement to an industry known for its repetitive processes while at the same time the backbone of this century’s industrialization drive is retiring. And yes, we mean the baby boomer generation. Statistics from the US Bureau of Labor Statistics show that...
    machinemetricsindustry-4-0 / June 15, 2018
    Get moving faster with these trends
    Get moving faster with these trends
    Now is not the time to fall behind.  Have you noticed that manufacturing seems to be getting exponentially faster?  It's important that you can keep up to compete! Here are a few ways you can get your production moving quicker.  1. Utilizing mobile technology Cell phones are certainly not just for personal use anymore.  Gone are the days when the only place for a phone at work was sitting on a desk! Mobile phone technology for...
    industry-4-0 / June 15, 2018
    A Long-Term Strategy for Manufacturers Adopting Industry 4.0
    A Long-Term Strategy for Manufacturers Adopting...
    It’s not uncommon for a factory to operate several generations of the same type of production equipment within a single factory. Except for extremely large companies with very deep pockets, most companies can’t afford to retool very often and must add their equipment in segments based on a long-term capital plan and in accordance with their growth strategy for their business. This method of investing and long-term planning isn’t seen...
    machinemetricsindustry-4-0 / June 15, 2018
    The Internet of Goods and manufacturing platforms
    The Internet of Goods and manufacturing platforms
    There have been a lot of new terms swirling around the last few years that sound similar like Industry 4.0, the Internet of Things, and more! But, have you heard of the Internet of Goods?  Let's break it down.  Definition Thomas defined the Internet of Goods as, "Another way to more descriptively reference Industry 4.0. It involves the digitalization of manufacturing as well as the data exchange and automation involved. The Internet of...
    industry-4-0 / June 15, 2018
    Why Industry 4.0 will drive manufacturing in 2020 and beyond
    Why Industry 4.0 will drive manufacturing in 2020...
    A study was done at the end of last year that looked into Industry 4.0 and productivity in manufacturing.  Deloitte and MAPI wanted to know how this technology will impact US manufacturing in the next ten years.  It will probably not be surprising to hear that the results showed Industry 4.0 will have a huge impact on the manufacturing moving forward!  Here are some of the findings from the study that you should know. Early adopters of...
    industry-4-0 / June 15, 2018
    Working smarter not harder through the industrial revolutions
    Working smarter not harder through the industrial...
    Can "laziness" be a good thing?  If it inspires efficiency and innovation... it could be!  A better phrase to describe this would be "work smarter, not harder." Each of the four industrial revolutions has followed this trend from the very beginning to now. Starting from the beginning The first industrial revolution was driven by inventions that reduced slow and strenuous manual tasks.  As Forbes said, "Industry 1.0 was marked by the...
    industry-4-0 / June 15, 2018
    Working with your employees to make positive Industry 4.0 change
    Working with your employees to make positive...
    With change comes a lot of questions and uncertainty.  That is expected. However, that uncertainty can lead to negativity and anxiety very quickly and that is something you want to avoid as a leader.  Here are some things you can do to make the change to Industry 4.0 a positive experience for everyone.  1. Focus on the human element One of the most common causes for anxiety during this transition is that employees often feel like they...
    industry-4-0 / June 15, 2018
    IoT and Data Integration
    IoT and Data Integration
    What is data integration?  This definition says, "Data integration involves combining data from several disparate sources, which are stored using various technologies and provide a unified view of the data."  As you can imagine, industrial connectivity and data integration are by definition very connected to Industry 4.0. Here are a two ways they can work together to help you succeed. 1. Industry 4.0 often means significantly more data...
    industry-4-0 / June 15, 2018
    Working with IT and OT for Industry 4.0 success
    Working with IT and OT for Industry 4.0 success
    To put it simply, Industry 4.0 will probably not work well without support from your IT and OT departments.  Industry 4.0 really requires good infrastructure and upkeep. That means that multiple departments working together will be imperative for you to reach your goals! Here are a few reasons information technology and operations technology will be instrumental to your success as you adopt and continue the use of Industry 4.0...
    industry-4-0 / June 15, 2018
    See All Posts
    Popular
    8 Wastes of Lean Manufacturing | MachineMetrics
    MachineMetrics / Jan 25, 2016
    OEE, OOE, and TEEP - What's the difference?
    MachineMetrics / May 17, 2017
    Why Industry 4.0 is important
    Industry 4.0 / Jul 24, 2017
    The Real Cost of Downtime in Manufacturing
    MachineMetrics / May 08, 2018
    Top 5 current industry trends
    Manufacturing News / Sep 18, 2017
    Categories

    All Categories +