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Learning Objectives Calculating return on investment (ROI) is critical for a smart manufacturing project. Benefits include increased revenue, reduced risk and more. Cost sources include staff support, planning and project development. After a long search, you have the project that will turn the company around.
Learning Objectives Digital transformation is about advancing and uncovering new opportunities for sustainability, efficiency and productivity. The overall tactical objective in achieving digital transformation is creating a real-time operational control loop that manages based on information and analytics. An open, system-agnostic approach provides long-term values and lowers total cost of ownership (TCO) for the user.
Figure 5: Four qualities to look for in a technology partner. Courtesy: Fluke Corp. Recent world events have reinforced the need to accommodate remote management, as in being able to maintain business-critical machines with many maintenance and reliability professionals working away from the plant. As a result, numerous Cloud-based technologies that maintenance organizations may have viewed as “down-the-road” are now seen as much more urgent.
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