FreePoint is Attending Microsoft’s VOX ISM FPAC Conference

March 2, 2020/in Machine Monitoring, Manufacturing, News, Technology, Trade Show

FreePoint is excited to be taking part in this year’s Financial Process Automation Conference (FPAC). Hosted by Microsoft Canada partner, VOX ISM, FPAC strategically outlines how Canadian accounting departments, manufacturers and distributors can cut their workload in half.

This year, our Director of Sales, Al MacKinnon will be hosting a presentation geared towards manufacturers looking to get measurable ROI out of their IIoT investments.

Titled: Leveraging IIoT For Productivity Gain & Quick ROI, the presentation will focus on the benefits manufacturers can experience by integrating the various systems throughout their shop floor, and how quickly IIoT investments can pay themselves off. With benefits such as enhanced production performance, increased throughput and improved process quality, we’re excited to show manufacturers how they can cut costs while increasing the amount of value-adding work their machines perform – without necessarily hiring more people or acquiring additional resources.

As Al dives into topics ranging from ERP integration to machine monitoring, we hope to give manufacturers a better understanding of how they can take full advantage of new technologies throughout their production process. Most importantly, we will be illustrating to manufacturers how they can leverage their IIoT investments into engines of growth with quick ROI.

In addition to attending our presentation, there are a laundry list of reasons you should be attending the 2020 FPAC conference:

Explore how accounting a finance departments can optimize their processes in preparation for automation
Discuss strategies to enhance your organization’s understanding of emerging technologies
Learn about potential applications and limitations of emerging technologies
Discover how to build and validate AI, BI, and machine learning models in your accounting department
Examine techniques to institutionalize automation for everyone at your company

If you would like to attend this years conference, you can register here.

5 Ways You Can Customize Your IIoT Experience

January 21, 2020/in Machine Monitoring, Manufacturing, Technology

As more manufacturers begin to transition to an IIoT environment, sometimes they may find an off-the-shelf solution just isn’t enough. At FreePoint, we think manufacturers deserve a custom solution as unique as their process.

To ensure manufacturers can take full advantage of their IIoT solutions, those solutions must be flexible, versatile and scalable. Flexible, customized software solutions can grow alongside your business, meaning you don’t have to keep purchasing additional solutions as your needs evolve.

In light of our recent acquisition of custom software development company: CoreSolutions Software – we have come up with 5 ways we can to customize your IIoT experience:

Custom Modules
Customized Production Scheduling
Customized Dashboards
System Integration
Data Mobilization

Custom Modules

Many IIoT solutions will come with a standardized set of features and functions to help manufacturers increase efficiency. Machine monitoring and downtime tracking are usually two of the most common features. However, by offering custom module development, we can develop unique applications that perfectly cater to your distinct workflows.

For example, our ShiftWorx Notifications module sends email and text alerts when a specific machine condition has been met. We can even customize the notification module to automatically trigger specific actions elsewhere in your system.

Customized Production Scheduling

For manufacturers looking to increase production capacity without purchasing new equipment or hiring additional employees – consider custom production scheduling. An asset to managers as well as operators, customized production scheduling allows individuals to prioritize the data most relevant to them. Management can focus on scheduling views and performance statistics while operators focus on task lists and work instructions. The best part about customized solutions is that they are tailored to fit your shops unique needs. Whether you want to:

Increase production capacity
Reduce changeover & startup times
Reduce time & material waste
Improve scheduling accuracy

Custom scheduling solutions can help get you there. From defect reporting, to ERP and MRP integration, custom solutions pack more of a punch then their off-the-shelf counterparts.

Customized Dashboards

Custom dashboards are another powerful means of obtaining actionable, impactful insights into your process. Every manufacturer is different, so it makes sense that their Key Performance Indicators (KPI’s) would be as well. Rather than a one-size-fits-all solution, customizable dashboards give you the power to view the information that is most important in your shop, in real-time. Custom dashboards can also access data from across your organization, allowing you to more easily identify production trends and patterns, as well as areas of improvement.

System Integration

Another way we can customize manufacturer’s IIoT solutions is through custom system integrations. By giving manufacturers more flexibility, they can work across multiple connected systems and complete more tasks in less time. In addition, manufacturers will find custom integrations open the door for major process improvements. For example, by integrating IIoT solutions with ERP & MRP systems, manufacturers can supercharge their quality control, as well as their supply chain:

“If you can catch deviations from specifications when the product is being manufactured, you could easily stop and fix them. This would greatly minimize defective parts, if not completely eliminate it.”

– ERP Software Blog

Data Mobilization

Data mobilization is also an avenue through which we can customize your IIoT solution. Through CoreSolutions’ mobile application development, we can provide efficient, versatile, and reliable access to your data, regardless of where you are. Make your machine data accessible from company tablets anywhere across the shop floor, or even from your cell phone for the times you are off-site.

Final Thoughts

Industry 4.0 solution packages that are scalable allow machine and equipment availability to be increased and processes to be optimized. If you’re interested in processes that provide lightning-fast cost savings, provide a competitive advantage, and offer valuable real-time insight into your OEE (Overall Equipment Effectiveness), you should consider machine monitoring.

Contact us to learn more about how we can create and customize an IIoT solution for you to call your own.

Why Manufacturers Need to Automate Data Collection

January 16, 2020/in Manufacturing, Machine Monitoring, Technology

The speed and volume of data collection is rapidly increasing. This makes it overwhelming for manufacturers to determine how best to leverage the metrics at their disposal.

A recent study found just under half (48%) of manufacturers still use spreadsheets or other manual entry documents to keep track of their data, which explains why less than 40% of manufacturers use data analysis to solve production issues. If data was being collected automatically as opposed to manually, it would be easier to collect, analyze, and act on.

The study also found that 76% of respondents said in order to immediately act on collected data, they require “software solutions that analyze data in real-time”. By leveraging automation and industry 4.0 solutions, manufacturers can reap benefits ranging from increased efficiency to lowered costs and lower risk of error.

Enhancing Efficiency

Machine monitoring allows you to obtain real-time automated data that will not only improve your collection process, but also increase response time to any issues that may arise. Don’t wait for the weekly or daily data report to find out days after-the-fact that something went wrong. Automatic alerts can be set up to let you know the second a machine goes down, and in some cases, before it happens.

Data Accuracy

By automating your data-collection with industry 4.0 technologies, you also greatly increase the accuracy of your data. Multi-tasking workers, managers putting out fires, or an inexperienced employee don’t impact the quality of the data being recorded if the data is being recorded automatically – greatly mitigating the potential for human error.

Cutting Costs

Real-time data collection doesn’t just impact efficiency and production, it also impacts profitability and costs. Though it may seem like a small change, eliminating manual data-entry significantly decreases the paper-trail that comes along with printing excel spreadsheets or filling out data-tracking forms.

In our experience, the transparency gained through automation and real-time visibility has a significant impact on manufacturing costs. By leveraging the insights gained from their real-time data, a client of ours was able to save roughly $325 a day without hiring more employees or buying new equipment—a powerful incentive for those considering automation and industry 4.0.

Unlock Your Factory’s Potential Today with Real-Time Data

Overall, real-time data collection gives you a level of transparency and control over your process that would be impossible to achieve without automation. You will be able to improve performance, production and profitability just by implementing one vital, but very attainable change to your process.

If you are ready to enhance the efficiency of your factory, reach out today to book your free demonstration and get yourself started on the path of Industry 4.0!

Top 3 Reasons Manufacturers Aren’t Connecting to the Cloud

January 7, 2020/in Machine Monitoring, Manufacturing, Technology

The Internet and cloud computing movements are gaining momentum and in full swing in many sectors in our society, including banking, healthcare, education, government, the services industry in general, and almost all areas of our personal life. Yet, despite the advent of IIoT technologies and Industry 4.0, and all the glitter and spectacular promise it appears to offer, many manufacturers are reluctant to connect their machines, assembly lines or processes to the internet. Why is that?

I have spent many hours in many plants in recent years, and this conversation has come up often. Here’s what I believe are the top 3 reasons manufacturers aren’t connecting their machines to the internet, starting with #3.

#3: Older ‘Legacy’ Equipment is Expensive to Upgrade

Many manufacturers have a wide variety of machine types, especially job shops and companies with many discrete manufacturing processes. The cost to upgrade them all with newer control systems is high, not to mention difficult, and the cost to replace them even higher. Since the machine continues to produce an acceptable quantity and quality of parts in its current state, the cost of the upgrade would have a long ROI.

#2: Security Concerns

This is a concern I hear about most often. Yes, all the other sectors above have the same concerns but have counted on the security systems built into the technology as well their own IT people, firewalls and strict policies, but many manufacturers I speak with remain unconvinced. Manufacturers are ‘tactile’ people, and their processes are equally ‘tactile’; its not numbers in an account, or an electronic transaction, or a video or a document, it’s a physical action, movement and part being produced. The thought of a machine being taken control of by an outside source is a scary proposition. Equally disconcerting is the thought that all their critical and sensitive production and product information is not securely locked down in their internal IT system, but it would be stored somewhere “out there”, outside of their four walls, and potentially available to others through hacking. The larger the manufacturing company is, the more serious the concern for this kind data.

#1: Little or No Perceived Benefit to Connect Their Machine to the Internet

For most manufacturers I speak with, this is true for them. The information they need access to is information needed in the plant, by people in the plant. By the time a machine is commissioned for production in a plant, there is little benefit to collect ‘lakes’ of data on all sorts of granular process information. At this point, the company is just looking for what I refer to as “fit bit” information: is the machine or process healthy? What’s its rate? How many parts did it produce? And, if it’s not running, why not? All this information is pretty simple to extract even from legacy machines at a very low cost, but there’s little or no benefit to pushing it up to the cloud – certainly not enough benefit to offset their security concerns. So why bother?

There are good reasons to make more information more accessible to more people in real time, most notable being productivity and efficiency, but it can be accomplished without connecting the machine directly to the internet. The biggest advantage of cloud-based software is the low cost of powerful and flexible software available that is easily adaptable and accessible from anywhere. Manufacturing companies need these kinds of IT solutions to remain competitive, and indeed to stay ahead, but they can do so by leveraging cloud-based solutions that help their people be more productive, without connecting their machines to the internet.

Final Thoughts

At FreePoint, the focus has always been on making the people smarter, because its people that make the machines run better and the processes run smoother. They are the ones that can most benefit from a connection to the cloud, not the machines. The connection to the machine can be indirect and ‘non-invasive’ (i.e. impossible to control externally). There are still some security risks to allowing use of cloud-based software, but those should be managed the same as all other personal cloud-based applications need to be.

For more information on FreePoint’s risk mitigated cloud-based machine monitoring and productivity improvement solutions, please visit www.getfreepoint.com or contact paul.hogendoorn@getfreepoint.com

5 Reasons to Start Your Digital Transformation Today

December 19, 2019/in Machine Monitoring, Manufacturing

With the end of the year fast approaching, it is not uncommon for manufacturing plants to experience a slow down for a few weeks in December and January. This lull in productivity provides the perfect opportunity for you to begin your digital transformation.

Why Start Early?

Regardless of when you transition to industry 4.0 – you will still experience a variety of benefits. However, there are some advantages to starting earlier in the year. First, it allows you to avoid and mitigate unnecessary disruptions to productivity, before your workload becomes too overwhelming.

In addition, you can start capturing data with a fresh start in January – making it easier to compare true year over year improvement.Visualizations of your improvements will be more straight-forward, and you will be able to see the stark contrast between your 2019 performance, and ongoing 2020 performance.

Machine operator engaging with manufacturing innovation technologies

Digital Transformations Are More Attainable Than Ever

By beginning your digital transformation now, you also set yourself up for massive productivity boosts in the new year! When you monitor machines through a central platform, you can predict slowdowns, bottlenecks, and machine failure. These benefits often result in more uptime and lowered operating and maintenance costs.

Starting your transition in December also provides an added benefit; Director of Marketing for CADENAS PARTsolutions recommends finding opportunities to spend now, for work that can be delivered later:

“The end of year is crunch time. You’re focused on closing deals, strategic planning and getting your house in order so you can try to enjoy the holidays. The last thing you have the time or energy for is a new project. So, look for opportunities to spend your extra budget on products or services that you can utilize when things free up. Think about it as a sort of layaway for the future.”

Final Thoughts

This more proactive approach sets you up for success early in the new year, and provides an opportunity to give back to your employees! Machine monitoring will not only empower your operators on the shop floor, but it will make their voices heard to management – and feel more valued overall.

At FreePoint Technologies, we can get your factory fully connected, often within 24 hours. If you are ready to take your first steps towards machine monitoring, don’t hesitate to reach out to us today!

The Secret Behind Monitoring Manual Processes

December 3, 2019/in Articles, Machine Monitoring, Manufacturing, Technology

From a machine monitoring standpoint, the wide range of equipment and tactics used by manufacturers pose a challenge. For instance, Some equipment is newer and digitally compatible, whereas others are older and analog. Also, some processes are done manually by an employee instead of a machine. Manufacturers may find themselves wondering: is it possible to monitor manual processes? Luckily, at FreePoint, the answer is yes.

As the global supply of computing power and storage capacity continues to grow rapidly, the cost to access these resources continues to drop. The same is true for IIoT technologies. Sensory devices and the technology needed to interpret them have become more compact and affordable in recent years. Because of these advancements, we can monitor more than just machines, but the manual processes of factory workers as well.

By leveraging different sensors, you can create cyber-physical systems to monitor tasks ranging from welding and brazing to painting and sanding. These sensors include:

Electrical Current Sensors
Switch/Button Recognition Sensors
Pressure Plate Sensors

Electrical Current Sensors

One of the easiest manual processes to monitor are those which produce an electrical current. For example, if you are performing a task involving a MIG Welder, an electrical current will pass through the tool whenever it is in use. By installing an electrical current sensor, you can monitor the use of the welder and its efficiency based on the amount of time the tool spent having an electrical current run through it. If there is no current running through the tool, that would be considered downtime. Obviously, the more time the tool spends with current running through it, the more value-added time it contributes.

Switch/Button Recognition Sensors

Another straight-forward means of monitoring a manual process is with switch/button recognition sensors. When using a tool that is button or switch activated, a switch recognition sensor will be able to determine when a switch has been flipped on or off. Like electrical current sensors, by tracking whether the switch/button is on or off – you can identify when a machine is experiencing uptime or downtime. Using downtime narration, you can attribute reasons to justify downtime, some of which may be preventable moving forward.

Pressure Plate Sensors

Pressure plates are useful to monitor any piece of equipment that exerts pressure—like a drill press. Using this in tandem with an electrical current sensor will give you valuable insight into the efficiency of certain manual processes. In addition, using a pressure plate sensor alongside an electrical current sensor allows you to tell when a machine is running, as well as performing a value-adding task. In the case of a drill press, the value-adding task would be drilling. Just because electricity is running through the machine does not mean the machine is being productive. With both sensors, you will be able to more accurately assess your processes productivity.

With our IIoT software, FreePoint can connect any machine on your shop floor and start collecting data within 24 hours. You can literally monitor any machine with an electrical current. The oldest machine we are currently monitoring is from 1914! Reach out today and let us walk you through how to monitor your manual processes!

Connecting Legacy Machines to IIoT

November 28, 2019/in Machine Monitoring, Manufacturing, Technology

Implementing IoT technology may seem like a challenge to manufacturers: do they purchase new, digitally compatible equipment— or maintain the status quo with older, still reliable machines? Fortunately, the alternatives don’t have to be mutually exclusive.

Older legacy machines can still be integrated into an IIoT compatible, smart factory environment. In fact, the oldest machine we have connected to was built in 1914!

Limitations of Legacy Equipment

According to a 2015 independent study commissioned by Cisco, 90% of the more than 60+ million advanced manufacturing machines remain disconnected from one another, further, 75% of them are more than 20 years old. However, these older machines can still be retrofitted to function within a digital ecosystem!

FreePoint Hardware Installs Non-Invasively to Legacy Equipment

Even today, many manufacturers still record machine usage on paper forms. At the end of a shift, they document the number of hours the machine ran and how long set up took. This helps managers correctly bill the number of hours for a specific job. Paper-based processes help create invoices, but the discrepancy between actual and documented data can often be quite large, primarily because the documentation is occurring after the work has been completed.

When machines generate real-time data, you eliminate the discrepancy between actual and documented data, because they become one and the same. This begs the question, how can you make older, non-digital equipment generate live data?

How We Connect Legacy Machines

FreePoint’s Black Box Sensor is a Bolt-on Solution

There a few ways you can connect your legacy equipment. FreePoint uses a single piece of hardware to connect almost all machines found on the shop floor. Stamping machines, CNC machines, lathes, injection molders, presses, mills, and assembly stations can all be made to produce real-time data – and it doesn’t have to break the bank! You just have to know where to start. For the many manufacturers with a mix of legacy and new equipment, it’s better to start off by building a simple foundation to collect and leverage machine data, rather than implementing a mass overhaul of their equipment.

Combining software with hardware, we add an adapter to your legacy machines that allows you to detect and collect Key Performance Indicators (KPIs), providing better insight into your operations. Bolted on without disrupting production, these adapters turn legacy machine signals into a software protocol our system can then interpret. This not only provides greater visibility into shop floor performance, but contextualizes data in a way that helps identify and improve performance issues while engaging operators and management. So whether your machines are 20 years old, or purchased this year, you can maintain the same level of insight and transparency across your entire shop floor.

ShiftWorx Machine Monitoring Interface Allows for at-a-Glance Insights

Final Thoughts

FreePoint is helping manufacturing organizations discover and achieve their true operational potential through IoT. We strongly believe in universal integration, which is why we made it a priority for our technology to link brand-new and legacy equipment, making it easier than ever to transition your plant into industry 4.0.

Reach out to us today if you are interested in easily and non-invasively connecting all your industrial machines regardless of age, complexity or type.

Blueberries, Blockchains & Manufacturing Blockchain Made Simple: Part 2

November 12, 2019/in Machine Monitoring, Manufacturing, Technology

In our last blog in this 2-part series on blockchains, we defined and illustrated blockchain in manufacturing and its rising notoriety. In this final segment, we dive deeper into its benefits and ROI.

Oversight and Accountability

Gary Brooks, Chief Marketing Officer of global manufacturing and supply chain technology company Syncron, in an interview with ZDNet said blockchain is of particular interest to the manufacturing industry due to its benefits regarding verification and transparency.

manufacturing supply chains and logistics

Supply chains in manufacturing are both critical and complex.

“Manufacturers’ supply chains are sophisticated, complex organizations with a number of nuances that can make transparency and accountability challenging — especially when it comes to the logistics of building and shipping new equipment and service parts,” Brooks said. “This is particularly true as manufacturers shift from a transactional, break-fix model of after-sale service — where a service part is replaced after it has already failed — to a subscription-based model that focuses on maximizing product uptime.”

“In this case, manufacturers leverage IoT and predictive analytics in their service parts supply chain to proactively repair equipment before it ever breaks down,” the executive added. “Blockchain can provide an increased level of visibility into this process, as it would allow an entire global service supply chain to see when and where parts are moving to ensure the repair is made just in time.”

As data held within a blockchain is decentralized and shared across nodes, the technology can be used to create and maintain a shared and continually reconciled database.

“With a blockchain solution, manufacturers now have a living dossier of activity logs and more”

For example, a hospital that implants an artificial cardiac pacemaker into a patient which happens to contain faulty parts resulting in injury to a patient can use the blockchain to trace the manufacturer of the faulty parts more efficiently, confining and correcting the issue.

“With a blockchain solution, manufacturers now have a living dossier of activity logs and more so they can keep tabs on the flow of goods between companies,” Brooks said. “This provides an extra level of transparency and control — and will enable large manufacturers to compete and win against the competition.”

When Chipotle had an E. coli outbreak in 2015, the food chain had serious trouble tracing the source of the bacteria through suppliers. As finding the source was incredibly difficult, Chipotle was unable to immediately stop the spread of contamination. Blockchain could have more rapidly contained and alleviated the trouble.

According to Brooks, blockchain could hold the key for similar issues to be resolved and eradicated quickly.

“For manufacturers specifically, blockchain could help mitigate similar risks,” the executive noted. “Multiple parts and pieces comprise large pieces of equipment, and with networks and suppliers around the world, blockchain provides a way to see every part in the supply chain in real-time — and identify problems before they become widespread.”

Blockchain ROI

Blockchain, just as in any new and developing technology endeavor, comes with a cost. Manufacturers will need to have their IT teams research the technology to both determine if the investment provides an adequate return and to gain the knowledge to deploy it successfully.

man in factory lathe chuck coolant nozzles safety glasses freepoint technologies

Manufacturing has always been at the forefront of technological adoption.

Under consideration will be whether to overhaul existing infrastructure and legacy systems. Manufacturers will have to consider modernizing existing IT process and the long related upgrade cycles that accompany new technology.

Then there is the nescience factor that accompanies any new technology. According to a Price Waterhouse survey, 45% of respondents cited lack of trust as a hurdle to blockchain adoption.

Many traditionalistic manufacturing CEOs, many of whom are set in their ways, are wary of new technology like blockchain and what the innovation can bring to the table that legacy systems cannot.

All things being equal, blockchain is an emerging and very important idea that CEOs or their predecessors will likely embrace, and is redefining the way companies do business. Manufacturers that adopt developing technology and business practices will tend to move beyond their competitors and will be the winners.

FreePoint Technologies has been helping manufacturers optimize machine performance, gain greater visibility of production, increase capacity and streamline operations with unprecedented precision. See how we can impact your industrial manufacturing.

How FreePoint Ensures IIoT Data Security

October 21, 2019/in Machine Monitoring, Manufacturing, Technology

According to Million Insights, by 2025 the Industrial Internet of Things market will be valued at $933.62 billion. As we continue to unify our cyber and physical systems, vulnerabilities emerge that didn’t exist before the Industry 4.0 revolution.

The Importance of IIoT Security

IIoT, or, the Industrial Internet of Things creates networks of connected industrial devices that collect, record and assess data to provide manufacturers with better insight into their production processes. As these devices interface with your machinery, IIoT security ensures that your hardware and software remain secure and protected from malicious intent.

According to IndustryWeek.com:

“if the devices that are connected become compromised and the threat has access to that communication link, a hacker can then push malicious data, cause denial of service (DoS), or introduce viruses to the entire network.”

Before industry 4.0, machinery operated separately and isolated from one another. Taking preventative measures will ensure external entities can’t access your data or impact your machine’s functionality.

How FreePoint Enforces Machine & Data Security

As with any IoT network, sensors and applications must remain protected from operational technology (OT). Without protection, compromised devices can serve as doorways to siphon data, insert foreign code and even halt production.

At FreePoint, we have developed an approach to ensure that the security and integrity of our client’s machines and data is protected. Primarily, we accomplish this by maintaining an “air-gap”. An “air-gap” can be defined as “a security measure that ensures total isolation of a given system from other networks, especially those that aren’t secure”.

As stated by our Vice President during a recent interview with CIO Applications: “FreePoint’s non- invasive solution involves using sensors instead of attaching hardware to a programmable logic controller (PLC). The solution does not interfere with machine operations nor is it a route for cyber-attacks on the machinery”. Because there is no physical connection between our solutions and the manufacturer’s machines, we can improve security while significantly reducing the possibility of cyber-attacks.

Contact us today if you are interested in learning more about how you can maintain a secure IIoT network. One of our reps would be happy to speak with you!

Manufacturing Machine Maintenance the Smart Way

October 4, 2019/in Machine Monitoring, Manufacturing, Technology

Question: What is “the world’s most common and safest mode of transportation?”

Wait for it…

elevator maintenance freepoint technologies

Elevators have long been the most common and safest form of transportation.

Answer: Elevators. Those ubiquitous mobile cubicles found in office buildings all over the planet. Elevators are big business, and the manufacturing and servicing these machines is no easy venture. German-based Thyssen Krupp, one of the world’s leading elevator companies, has turned to a disruptive approach to machine maintenance to keep the trains—i.e. elevators–running on time.

As Thyssen Krupp tells it, “Worldwide, more than 12 million elevators make seven billion trips and move over one billion people every day. Yet every year, maintenance needs render elevators unavailable for a total of 190 million hours.”

The deck is stacked against efficiently maintaining that kind of fleet; or at least it used to be.

With the advent of IoT (Internet of Things) machine sensor technology, machine learning, and cloud-based asset maintenance software, digital prescriptive maintenance can be conducted as easily as the touch of a button.

Thyssen Krupp employs predictive machine maintenance to dramatically increase elevator availability by reducing out-of-service situations through real-time diagnostics. They are able to predict maintenance issues before they occur, and alert elevator engineers by flagging the need to replace components and systems before the end of their lifecycle.

Thyssen Krupp believes that the growing requirement of high-speed and energy-efficient elevators in hotels, hospitals, parking buildings, commercial, residential, and industrial sector will be boosting demand for IoT in elevators market.

Other manufacturers are taking to predictive maintenance to manage the machines running their factory floors and the machines their customers rely on. Sensing end-user demand, manufacturers are focusing on the development of smart products with interactive touch screen panels, intuitive technology, and cloud-predictive maintenance. Customers are looking for manufactured products that are highly efficient, effective, and engaging. The demand is going up for smart products.

machine maintenance freepoint technologies

Historically, manufacturers have practiced preventative maintenance.

First, it’s important to distinguish between predictive and preventative maintenance. Preventative maintenance, a.k.a reactive maintenance, breakdown maintenance or run-to-failure, is a maintenance practice that seeks to decrease the likelihood of a machine’s failure through the performance of regular maintenance. However, predictive maintenance relies on data to determine a machine’s likelihood of failure before that failure occurs. This allows manufacturers to move from a repair and replace model to a predict and fix maintenance model using predictive analysis.

The good news is, machine monitoring costs less than you think (see our June blog). Rather than having to alter or rebuild existing infrastructures, bolt-on monitoring solutions like our ShiftWorx Platform are bolt-on, making them extremely simple to incorporate on the shop-floor. Machine monitoring solutions can help manufacturers save on production costs, helping pay off the system in days rather than months and years. Once switched on, machine monitoring solutions instantly start paying themselves off. Learn more.

The Rewards

The main objectives or rewards for manufacturers to move to a predictive maintenance model are about improving production efficiency and improving maintenance efficiency. The cost savings can be enormous.

A recent McKinsey Global Institute report as one of the most valuable applications of the Internet of Things (IoT) on the factory floor. The report, The Internet of Things: Mapping the Value Beyond the Hype, calculated that predictive maintenance manufacturers’ savings would total $240 to $630 billion in 2025.

Predictive maintenance in factories could reduce maintenance cost by 10 to 40 percent by fostering better maintenance, according to McKinsey. It also reduces downtime by 50 percent and lowers equipment and capital investment by 3 to 5 percent by extending machine life.

A report by Deloitte University Press, Industry 4.0 and manufacturing ecosystems provides examples in which, for companies like Schneider Electric and Caterpillar, predictive maintenance and understanding root cause of failures can offer millions of dollars in potential savings along with far fewer days of equipment downtime.

The McKinsey study calculated that predictive maintenance manufacturers’ savings would total $240 to $630 billion in 2025. Predictive maintenance in factories could reduce maintenance cost by 10 to 40 percent by fostering better maintenance, according to McKinsey.

GE Transportation is moving toward self-aware locomotives and digitalization of the entire rail operation system. Sensors mounted on railcars enable operators to receive real-time notifications about the condition of key railcar components, as well as broader risk events related to broken wheels, hot bearings, and handbrake application. Using predictive maintenance, GE Transportation is applying the technology to help extend the life of locomotives, reduce fuel consumption, decrease emissions, boost velocity and improve operations.

Locomotive technology has come a long way since the invention of the steam engine.

And we come full circle…

Thyssen Krupp competitor, Otis Elevators, “the world’s largest manufacturer and maintainer of people-moving products”–elevators, escalators and moving walkways—is using smart sensor technology in its “Otis ONE” digital platform that monitors and gathers data from more than 300,000 connected units to create predictive insights and a more proactive service solution for their customers. This allows Otis teams to stay ahead of potential issues – keeping equipment running and passengers moving safely and reliably. In the event when service is required, OTISLINE customer care can proactively contact the customer and service professionals to arrive on site with the information and parts needed to enable a faster return to service.

Predictive maintenance in manufacturing is becoming the norm, not the exception

Autonomous operations in manufacturing may be futuristic in the eyes of some but your business can start moving towards operational intelligence. For example, ask yourself, how do factory analytics impact your business and what software will work with your current manufacturing execution system (MES) to give you the data that is critical to your business. Do you have intelligent software solutions in place to help manage your maintenance and service operations to make them more efficient?

For more on how technology can help you improve your own maintenance needs and open services-based offerings for your customers while enabling cost savings and productivity gains throughout your organization, get in touch with us.