Unplanned downtime is a million-dollar problem. Unexpected stops during production or operations can cost organisations on average $2 million (€1.70 million) a time, and 82% of companies experience at least one unplanned outage every three years (according to Aberdeen research). Each outage presents the risk of lost production hours, damaged products, additional labour costs and rush […]
Daily Archives: March 29, 2021
The Industrial Internet of Things (IIoT) a major element of Industry 4.0 has been gaining traction for some time now, driven by globalisation, shifting demand for commodities, and fluctuating trade flows, even before COVID-19. Yet, in the past year, which has seen many manufacturers having to revamp their operating models to support fewer on-site personnel, […]