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How Real Time Data Is Revolutionizing Manufacturing

August 9, 2019

How Real Time Data Is Revolutionizing Manufacturing

In today’s day and age, real-time data and applicable insights are required to win new opportunities and grow more rapidly than your competitors. While precision, speed, scale, and consistency are inseparable parts of modern manufacturing, real-time data makes it easy for you to achieve your business goals and establish your company as an industry leader.

Meeting customers’ continually increasing demands for consistent quality is a challenge for many companies. This is where you can employ data and valuable insights to determine and improve product quality. Manufacturing technologies that enable companies to generate real-time data is improving product quality at a rapid pace.

Programmable logic controllers (PLCs) is an example of how manufacturers can obtain real-time data on equipment reliability, performance, and machine quality. Machine-to-machine (M2M) is another example of successful application of data to Statistical Process Control (SPC). Industrial Internet of Things (IIoT), a concept which has eluded manufacturers for many years, is now achievable.

Fuel business growth

From the top floor to shop floor, real-time data is one of the most powerful tools to unlock greater manufacturing growth. Real-time data meets many needs across manufacturing phases through improved decision-making process. As a result, it becomes easy to materialize manufacturing quality, higher level of compliance, and greater revenue.

Improved product quality

In order for manufacturers to keep shop floor operations up and running, they need to be clear about which production processes, machines, or product lines are operating at the desired level and which aren’t. It is key to have real-time data to apply in SPC for monitoring and refining manufacturing processes. Your machine operators can have a real-time view of process performance using charts, control, and quick inspection.

Improvement in Overall Equipment Effectiveness (OEE)

Real-time data plays a vital role in a manufacturing environment where it’s critical to determine the impact of equipment performance, availability, and quality. This is why manufactures, who rely on real-time data, stay ahead of the curve. It is advised that manufactures with OEE level below 80% should shift from batch-based to real-time data.

Prolonged equipment life

Real-time monitoring provides insights into how industrial equipment and machinery life spans can be increased. A sound preventive maintenance strategy driven by real-time data and predictive analytics will help you resolve many problems before they even take place. When your machinery lasts longer, you can drive up returns on invested capital.

In the manufacturing world, it’s essential to maximize productivity while ensuring sustainability and product quality. Needless to mention that industries have to deal with volatile market force, greater customer expectations, profitability pressures, and stringent regulatory requirements. This is where the right application of real-time data can make your life easier by bringing in operational efficiency to your manufacturing floor.

About Quality Millwright

Quality Millwright is one of the most trusted millwright companies in Alberta where we help manufacturers improve their bottom line through strategic preventive maintenance. Schedule your next preventive maintenance service now!