Featured Stories

Categories

The Next Frontier For Manufacturers | MachineMonitoring

Eric Hagopian
November 30, 2016

pexels-photo-1.jpg

 

No doubt, Big Data is revolutionizing the manufacturing industry.

Simply put, Big Data is the explosion of digitized data  – created by people, machines and sensors - that could provide tremendous value to organizations who know how to harness its potential.

For some companies, the sheer volume of data whirling around their organizations is overwhelming. To them, Big Data is like an anchor holding them in place unable to move forward and take advantage of the opportunity it represents.

They are mired in old school ways. And it’s no wonder.

For decades, manufacturers drove flexibility and scalability into their production and supply chain operations using Six Sigma techniques to improve the quality of the output of a process.

This approach focused on identifying and removing the causes of defects and minimizing variability in manufacturing and business processes resulted in a proliferation of business software systems.

What it isn’t equipped to deal with is an online phenomenon  that is simultaneously creating challenges and providing opportunity: The Internet of Things (IoT).

Since it elbowed its way onto the manufacturing landscape a few years ago, the IoT has brought with it a by-product that not everyone is able to deal with: Data.

There’s more data than ever, and for companies who can see the potential of Big Data and are diving in to extract, interpret, and use the potential value it offers, the rewards are huge.

By investing time and money to tap into the flexibility and output it offers, the opportunity to lower costs, increase profit and gather valuable insights is there for the taking.

At first, organizations had difficulty understanding the potential that Big Data offered to drive unprecedented improvements in their business.  

But now there’s a steady stream of manufacturers learning how to turn raw Big Data into real value in their organization, making progress by asking questions:

“How can we reliably and efficiently find patterns in all this data that can help us predict what customers, markets, machines, and systems will do in the future?”

“How can we take what we learn and integrate it into our workflow so our people can make better decisions, work more productively, and take better actions?”  

It will take questions like these to continue to root out the tremendous potential that is hidden from view.

That’s where the gold is - learning how to extract and use Big Data to drive profit, productivity, and competitive advantage.

One of the recent technological advancements that offers a fast track to improved efficency and larger proprofits is machine-to-machine monitoring. Machine monitoring involves direct communication between devices using a variety of communication channels that include wired and wireless technology.

In short, Big Data and IoT give the machines on your shop floor the ability to “speak.”

As machine to machine communication continues to evolve into a system of networks that transmits data to personal communication devices such as tablets and smartphones, the opportunities to become more efficient and profitable seem endless.

 

Ready to listen to your machines?

Learn More

 

Comments

Related posts

The Time is Now for the Smart Factory
17Jun

The Time is Now for the Smart Factory

Almost everyone has become accustomed to smart phones, smart televisions, and even the concept of smart cars.  And technology has advanced far enough that people understand generally what expectations...

Industry 4.0- You Can Get There from Here
12Jun

Industry 4.0- You Can Get There from Here

There is an old New England expression that states, “You can’t get there from here”.  It originated as a way of explaining the path to a destination that can’t be accessed without extensive, complex a...

Why should you care about Industry 4.0?
07Jun

Why should you care about Industry 4.0?

  As Industry 4.0 surges forward, many manufacturers are still pondering what it means and how or whether the latest industrial revolution will affect them.  First coined in Germany over ten years ago...

Industrial IoT Creates a New Value Stream for OEMs
23May

Industrial IoT Creates a New Value Stream for OEMs

  An issue in manufacturing that is singular to OEM is the speed with which they can respond with service to the machines, in the case of a failure. In the past, this has usually meant an actual failu...

Reassessing the MES Mess
08May

Reassessing the MES Mess

David Westrom Dave Westrom is VP of Business Development at MachineMetrics. Dave has spent much of his career in executive team roles at innovative IIoT companies. He has led business development orga...

Exploring The 6 Core Pillars of Industry 4.0
03May

Exploring The 6 Core Pillars of Industry 4.0

 Innovation, in manufacturing in particular, has exploded, thanks to Industry 4.0. The term was coined to reflect the trend towards the use of technology, automation, and data acquisition in manufactu...

INDUSTRIAL IOT AND THE MOVE FROM PREVENTIVE TO PREDICTIVE MAINTENANCE
24Apr

INDUSTRIAL IOT AND THE MOVE FROM PREVENTIVE TO PREDICTIVE MAINTENANCE

One of the most important trends in the last few decades has been the movement toward lean manufacturing.  As companies began to review and change their operating procedures to eliminate waste, effici...

What is Industry 4.0?
17Apr

What is Industry 4.0?

  Known as the fourth industrial revolution since the 18th century, Industry 4.0 is an all-encompassing term to refer to the way computers, data and automation are evolving and coming together to chan...

Sensor Data vs PLC Data: Why Getting Deep Data Is the Right Way to Go!
09Apr

Sensor Data vs PLC Data: Why Getting Deep Data Is the Right Way to Go!

  When it comes to collecting data with industrial IoT within the world of manufacturing, it isn’t just about quantity. It’s also about the quality of the information that you are gathering from vario...

5 Myths- Manufacturing During Industry 4.0
02Apr

5 Myths- Manufacturing During Industry 4.0

The fourth industrial revolution is upon us, and as you may know, this means change. As an industry, it is imperative that manufacturers adopt new technologies and increased connectivity that will ena...