Home

Five Ways Machine Health Delivers Real Business Value

By: 
No items found.
|
|  Updated:  
2023-12-05 13:33:50
Generative AI For Dummies
Explore Book
Buy On Amazon
We depend on machines to produce everyday essentials — such as power, food, and medicine — and to support nearly every aspect of society. Thus, machine health is vital to overall manufacturing and business health. Machine health transforms reliability, maintenance, operations, and asset performance management by using artificial intelligence (AI) and Internet of Things (IoT) technologies to improve performance, reduce downtime, and help manufacturers reach Industry 4.0 standards.

Transform the way you work

In an era of labor shortages and technology innovation, manufacturing needs to move faster toward digitization. Using AI in manufacturing, companies can eliminate repetitive tasks, reduce inefficiencies, and strengthen data-driven decision making. With insights into the real-time condition of their machines, workers can break away from traditional maintenance schedules and manual tasks. This means more time for proactive work and collaboration with other departments, which leads to stronger cross-functional teams. It also leads to further innovations, such as process optimization. When employees have insights into the health of their machines, they can predict their workdays and own their schedules, opening up new opportunities for innovation and engagement.

Learn more about transforming the way you work with machine health at www.augury.com/use-cases/business-goal/transform-the-way-you-work.

Eliminate unnecessary downtime

Unplanned downtime can be expensive. There’s the cost of the repairs themselves, lost production and sales, and reputational damage. Maintenance and reliability teams often have to scramble to diagnose and fix the problem as quickly as possible — often resulting in overtime pay and expedited shipping costs for emergency spare parts. Sudden and catastrophic machine failures can also harm worker morale and jeopardize worker safety. Thus, reducing unnecessary downtime has a significant impact on both your top and bottom lines.

Learn more about eliminating unnecessary downtime with machine health at www.augury.com/use-cases/business-goal/eliminate-unnecessary-downtime.

Reduce loss, waste, and emissions

Reducing waste to improve sustainability has become a top priority for manufacturers for cost-cutting/efficiency purposes, as well as to promote a healthier planet. Healthy machines can run at capacity and with less downtime, leading to less waste and more efficient energy use. An industry study by the Electric Power Research Institute (EPRI) found that optimizing the performance of rotating assets — which account for approximately 54 percent of U.S. industrial electricity consumption — can reduce energy consumption by 12 to 15 percent.

Learn more about reducing loss, waste, and emissions with machine health at www.augury.com/use-cases/business-goal/reduce-loss-waste-and-emissions.

Maximize yield and capacity

Real-time machine health insights allow maintenance teams to adjust shutdown schedules based on the current condition of the machine, its history, and the recommendations of experts. In the longer-term, machine health minimizes unplanned downtime by improving the health of your machines, reduces planned downtime by deferring nonessential maintenance activities, and can increase output on production lines with healthier machines running optimally.

Learn more about maximizing yield and capacity with machine health at www.augury.com/use-cases/business-goal/maximize-yield-and-capacity.

Optimize asset care

When it comes to asset care — from acquiring and storing parts to managing maintenance resources — manufacturers have traditionally taken a more preventive than predictive approach: Machines are serviced on fixed schedules, regardless of whether or not they need maintenance. Many manufacturers keep spare parts for critical machine assets in inventory because calendar-based maintenance dictates when parts should be replaced — whether or not replacement is needed. The alternative is overspending to get parts on short notice and expensive downtime while you wait for the parts to arrive. Whether hoarding parts or paying more for last-minute parts, both methods are inefficient and costly. Machine health empowers you to control how you spend time and money based on the real-time condition of your machine assets.

Learn more about optimizing asset care with machine health at www.augury.com/use-cases/business-goal/optimize-asset-care.

Start building a winning machine health culture

Machine health can transform operations for every manufacturer. Get your free copy of Machine Health For Dummies at https://www.augury.com/machinehealthfordummies/.

How much will you save with Augury Machine Health? Use the ROI calculator at www.augury.com/value-calculator/ to see how much time and money you can save with Augury’s Machine Health.

About This Article

This article is from the book: 

About the book author:

No items found.