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Articles by Bill Bither
The Role of Machine Data in Quoting
The Role of Machine Data in Quoting Quoting software is a step in the right direction when it comes to automating the quoting process, but it will only take you so far. So what’s the missing link to unlock true accuracy and speed up your quotes beyond that of any competitor? Machine data. Your quoting process, whether it is managed manually, in an ERP< or with a CPQ system, is only as good as the data that goes into it. Machine data can tip the scales to real-time accuracy for any quoting system.
Raven.ai Raises $12 Million USD
Raven.ai Raises $12 Million USD Raven, a leading provider of data contextualization software for frontline operations, announced the successful completion of its Series A funding round, raising $12 million USD ($16M CAD) in equity financing. The round was led by Momenta Ventures and Chartline Capital Partners, with participation from Celtic House Venture Partners, Export Development Canada, and continued support from prominent angel investors.
Digital Transformation trends for Manufacturing & Supply Chain
Digital Transformation trends for Manufacturing & Supply Chain Digital transformation is a growing trend in the manufacturing and supply chain industries, driven by the need for increased efficiency and cost reduction. The global supply chain software market is expected to reach over $200 billion by 2027. Companies are implementing digital solutions such as automation, analytics, and IoT to streamline their processes and gain valuable insights.
January 2023 - IIoT World
Welcome to the second month of 2023! February may be the shortest month of the year, but it doesn’t mean we are short on events. This month, we’ve curated the list, with the timeline of major events happening in February 2023
7 Ways to Reduce the Cost of Production
7 Ways to Reduce the Cost of Production Supply chain disruptions, shortages, rising energy prices, and inflation have increased costs for almost every industry, manufacturing included. On top of that, skilled labor is difficult to find, and rising quickly in cost as a result. The good news is that production (output) in the US continues to rise over time, and we are seeing a resurgence since the dip during the Pandemic.
AI is key to broad manufacturing productivity increase
AI is key to broad manufacturing productivity increase Over the last several years of deploying AI into manufacturing, we have realized that the time value of our manufacturing engineers is quite high. Any time they spend transferring their knowledge to AI teams is frowned upon by them and seen as being unproductive. On the other hand, any time savings for them is seen as being really valuable to their organizations.
How to Improve Quality in Manufacturing – IIoT World
How to Improve Quality in Manufacturing There are a few core measurements that every manufacturer uses to manage their operation. Measurements like efficiency, productivity, capacity, labor, and equipment utilization are almost universally measured to benchmark performance and assess the effectiveness of processes. Quality is an equally critical metric that must be a part of an overall assessment of business health.
The data governance as a strategic asset
The data governance as a strategic asset Data governance is the set of processes, roles and metrics aimed at the effective and efficient use of information to enable the company to achieve its goals. Gartner defines it as “the mapping of decision rights and the subsequent creation of an accountability framework to ensure appropriate behaviors are adopted in the assessment, production, consumption and control of data and related analytics practices”.
Hitachi Vantara’s answers to your questions for one of the sessions at IIoT World Manufacturing Day
Hitachi Vantara’s answers to your questions for one of the sessions at IIoT World Manufacturing Day During IIoT World Manufacturing Day (May 12, 2022), we received a lot of questions, and we did not have time to respond to them all live. So, as promised, here are the answers, by Hitachi Vantara, to the questions asked during the “Achieve Industrial IoT Outcomes at Scale” panel. 1.
Advantages of an Industrial Data Platform
Advantages of an Industrial Data Platform There are several advantages of using an industrial data platform. They include: 1. Consolidated Data: In a data platform, data is consolidated in one place in the cloud. This consolidation means all databases can use the same service to render insights and suggest business strategies and process optimization. 2.
The Impact of Industrial Data Platforms on Manufacturing
The rise of industrial data platforms has been spurred by the growing use of IoT in the manufacturing industry. These huge volumes of disparate data types and sources have encouraged manufacturers to implement platforms to collect and standardize data across their many machines and systems. In doing so, these "Industrial Data Platforms" enable greater operational efficiency, complete production visibility, and help to drive continuous improvement initiatives.
How Data & AI Can Help Make Utility Line Inspections Safer
How Data & AI Can Help Make Utility Line Inspections Safer Electricity is fundamental to our society. As climate change becomes more severe and demand for clean energy increases, the future is the electrification of everything and along with it, the need for reliable energy. The U.S. infrastructure spans over a vast 200,000 miles and inspecting all of it is a time-consuming and high-risk process that often calls for hanging from helicopters or climbing tall towers.
What is the Hidden Factory and how to reveal one? – IIoT World
What is the Hidden Factory and how to reveal one? What is the Hidden Factory? The Hidden Factory is a concept that refers to the unseen, or hidden, parts of a manufacturing process that result in quality issues or decrease the efficiency of the operation. What’s causing this? It depends on the operation at hand, but typically it is due to the difficulty of measuring and accounting for costs associated with certain parts of a process.
September 2021 - IIoT World
Five new ways to monetize the Industrial IoT The Industrial IoT is helping original equipment manufacturers (OEMs) and machine builders gain full transparency of their machines and operations, on a local and global scale. With this capability, these organizations are beginning to implement digital business models that create Three critical elements for a successful Industry 4.0 project Success is often defined as the achievement of a worthy goal.
What is Manufacturing Analytics? Top Use Cases of Data Analysis in Manufacturing – IIoT World
Manufacturing Analytics: What it is and top use cases With the arrival of Industry 4.0 and the Industrial Internet of Things (IIoT), a digital transformation is currently underway. The manufacturing industry is beginning to use industrial analytics driven by real-time production data, not only to make better, faster decisions, but also to enable automation across the organization making data analysis in manufacturing an important element.
Manufacturing Analytics: What it is, Top Use Cases, and Benefits
With the arrival of Industry 4.0 and the Industrial Internet of Things (IIoT), a digital transformation is currently underway. The manufacturing industry is beginning to use analytics driven by real-time production data, not only to make better, faster decisions, but also to enable automation across the organization.
Smart Manufacturing: Performing a Manufacturing Analysis
Smart Manufacturing: Performing a Manufacturing Analysis Manufacturing managers maximize the tools they have at their disposal by understanding their shop’s capacity. Better use of space, materials, labor, and optimized equipment performance is critical for companies to drive efficient production and capture the highest profitability. A capacity analysis can be an excellent solution for auditing a manufacturing plant and diagnosing if there is hidden capacity waiting to be unlocked.
Are You Underestimating the Cost of Manufacturing Downtime?
Are You Underestimating the Cost of Manufacturing Downtime? For most manufacturers, downtime is the single largest source of lost production time. Although some may acknowledge this, the cost and extent of manufacturing downtimes tend to be grossly underestimated. Determining the Real Cost of Manufacturing Downtime Most manufacturers are aware they are losing time and money because of downtime. However, many manufacturers can not accurately answer the following questions.
What is Machine Maintenance? Improving Equipment Health and Uptime
What Is Machine Maintenance? Machine maintenance is the process of performing upkeep on machinery to ensure continued working order. It can include maintenance that occurs as part of a regular routine or prior to any sort of break or damage—things like cleaning surfaces, lubricating gears, and checking for wear and tear on parts like belts.
The Top 5 Advantages of SaaS for Manufacturers
The days of on-premise everything are gone, and many people in the manufacturing world are glad to bid them adieu. Today, Software-as-a-Service (SaaS) dominates the manufacturing technology landscape, and for good reason. SaaS offers a host of benefits to manufacturers who fully utilize its capabilities while freeing up in-house resources for other tasks.
Common Myths About Industrial Automation, Debunked
Illustration: © IoT For All As with any new technology, there has been both a lot of hype and a lot of fear surrounding industrial automation. It can be difficult to separate fact from fiction with so many myths proliferating across the internet. These fluctuations in perception are to be expected, though. They are primary aspects of the hype cycle, a progression of events that impacts nearly all truly disruptive technologies from discovery, through early adoption, and into mass adoption.
Generic IoT Platforms are Still DIY
Illustration: © IoT For All Building and maintaining a scalable manufacturing organization is difficult. That’s why it’s critical to remain innovative and continuously find ways to be more productive. To improve processes, it’s important to have the proper tools to measure results, and using machine data through an IoT initiative is a foundational step to accomplish this.
Turning the IoT into reality – a practical approach to your IoT journey
The Five Phases of Successful IIoT Implementation The Internet of Things (IoT) is changing the way we live. Having become ubiquitous in the consumer economy, IoT is now emerging as a force in every industry including manufacturing, energy utilities, healthcare, transportation and building technologies. This is no coincidence. The Internet of Things creates measurable value for private and public organizations alike. The prospects are exciting.
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