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.
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.