FUTURE MANUFACTURING lytics , they provide accurate and timely information to make proactive decisions . The platforms break down information silos , provide real-time information for data-driven , intelligent manufacturing and integrate new Industry 4.0 technologies with existing business software as well as with specialized individual applications from production . If these data management platforms are based on low-code or no-code technology , machine and plant manufacturers can save on IT resources that have been tied up for a long time and thus save valuable time .
Data analytics is suitable for almost all areas of operation . This process encompasses methods , new approaches and tools with which companies can control individual production lines or the entire company . The functional scope of data analytics ranges from the basics such as data management and business intelligence to more complex functions such as performance management , predictive modeling , asset intelligence and automation .
Integrated analytics tools
Data management platforms can be used to access the exact information needed by a production worker , plant manager , and
With data management platforms , employees get exactly the information they need at a given time in real time .
Precise OEE calculations make it easy to calculate the effectiveness of a production line .
management at a given time with integrated analytics capabilities . When companies use these platforms , they can access data from all business units and data sources thanks to comprehensive data analysis :
● Determine key performance indicators ( KPIs ) such as Overall Equipment Effectiveness ( OEE ),
● Establish revenue and trend forecasts ,
● identifying and eliminating bottlenecks and weak points ,
● and simplify machine repairs through predictive maintenance .
KPI evaluations allow conclusions to be drawn about progress in production . The choice of the right key figures and the appropriate metrics that monitor the KPI are crucial . Because this is how companies successfully shape a transition to Industry 4.0 . While different KPIs are critical for individual aspects of the business , overall asset effectiveness is one of the most important KPIs for the machinery fleet .
Goals of Overall Equipment Effectiveness ( OEE )
OEE is a key business metric that serves as an important benchmark for companies to assess and optimize their machinery fleet . Accurate OEE calculations can be used to easily calculate and map the effectiveness and overall asset availability of a machine , plant or production line . OEE goals can include a comprehensive determination of actual condition such as actual machine availability , effectiveness and verification of improvement actions ( such as in performance and good parts rate ), zero defect manufacturing , or improved maintenance strategies .
Without access to real-time data and insights into production as well as supply chain , business leaders are unable to make sound data-driven decisions . l
Stephan Romeder Vice President Business Development Magic Software Enterprises