Start driving decisions with machine data.
Categories:

    Real-time analytics can be a game changer for manufacturers trying to improve their production and predictive maintenance. It can also help you reduce downtime and errors. 

    When it comes down to it, manual reporting is just not as efficient. 

    Here are two reasons you should invest in real-time analytics. 

    1. Manual reporting is way slower

    Statistics show that manual reporting is significantly slower than what current technology can offer. 

    Forbes said, "Relying only on manually-produced reports, manufacturers are able to use at best 40% of their production capacity based on interviews and plant visits completed in the last six months."

    That employee time can often be spent better in other areas. 

    2. Visibility

    Real-time analytics can give you incredibly valuable insight when it comes to your production. 

    This information can help you make the best decisions to increase productivity while reducing downtime and errors. 

    Forbes also reported, "A plastics manufacturer I recently visited adopted real-time monitoring to troubleshoot why they were getting 36% yield rates from an extrusion process and machine. Real-time monitoring pinpointed a specific mold and plastics combination that once fixed improved yield rates to over 99%."

     

    If you want to learn more about this technology, contact us today! We can show you the true value of real-time analytics and what that technology can do for your business. It's just one of the many facets of IoT that we can help you introduce to your production. 

     

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Getting the most from the data you collect

    Getting the most from the data you collect

    Data is just data until you can make sense of it.  Are you just collecting data for the sake of collecting it, or are you actually ready to use it and make some important decisions?  In order to best ...

    Industry 4.0
    Why Industry 4.0 isn't as complicated as you might think

    Why Industry 4.0 isn't as complicated as you might think

    Industry 4.0 is a major buzzword that the manufacturing industry can't stop talking about.  With buzzwords comes a lot  of hype. It can seem intimidating but it doesn't have to be! Instead of dreaming...

    Industry 4.0
    Is automation right for every manufacturer?

    Is automation right for every manufacturer?

    There's no doubt that automation is doing some amazing things in the world of manufacturing.  But, does that mean it's right for everyone? Of course not.  Here's why automation might not be the best o...

    Industry 4.0
    Three practical steps toward Industry 4.0

    Three practical steps toward Industry 4.0

    It's easy to dream when it comes to Industry 4.0.  How cool are those crisp, clean, fully automated factories? However, that's not right or attainable for everyone.  Keep on dreaming, but in the meant...

    Industry 4.0
    Overcoming industry 4.0 challenges

    Overcoming industry 4.0 challenges

    Manufacturing companies around the world are trying to adopt new technology and jump on board with industry 4.0. However, it's not always that easy! Change can be difficult and confusing! There are al...

    Industry 4.0
    Technologies to implement in 2020

    Technologies to implement in 2020

    When you imagine Industry 4.0, what do you picture? Is it a drastic difference from your manufacturing floor setup today? The truth is that is doesn't have to be like that at all. Industry 4.0 can be ...

    Industry 4.0
    Helping AI projects move forward

    Helping AI projects move forward

    Implementing AI in manufacturing is a great idea, but the implementation process can get tricky.  Industry Week said, "If implemented successfully, these systems can greatly improve quality control an...

    Industry 4.0
    Two ways to get your staff ready for Industry 4.0

    Two ways to get your staff ready for Industry 4.0

    Industry 4.0 is changing the landscape of the manufacturing industry and employees need to be prepared.  Whether this means updating their skills, buying into the idea, or just gaining knowledge - the...

    Industry 4.0
    The roots of Industry 4.0

    The roots of Industry 4.0

    What is Industry 4.0? Let's get down to its roots and its rich history in manufacturing.  The name Industry 4.0 refers to the fourth industrial revolution - meaning we are building upon monumental cha...

    Industry 4.0
    Three things manufacturing businesses should know about using AI

    Three things manufacturing businesses should know about using AI

    Manufacturing businesses have been implementing artificial intelligence for some time now. You can learn from their successes and failures! There's no doubt AI can do a lot of good for a business - bu...

    Industry 4.0