The transition to industry 4.0 can seem daunting at first. How much will it cost? How will it fit my process? How long will training staff take? All common questions we get asked from manufacturers. The most common question we get asked is “how soon can I expect an ROI?”. Luckily, the answer is simple: VERY SOON. In fact, one client of ours managed to save $300 per day as a direct result of our machine monitoring, which allowed the system to pay itself off in less than a month.
Machines built 20-years ago were built to withstand decades of use. They are the core of many factories, but these machines also hinder your ability to compete, increase profitability and scale your operations to new heights. The problem with legacy equipment is that they were engineered in an era where access to real-time reports didn’t exist, and Key Performance Indicators (KPIs) were impossible to obtain on machines.