Making the value of technology clear
Manufacturers can see double-digit increases in throughput from predictive maintenance Dr. Yuri Hovanski, Associate Professor, BYU
A machine failed in 2020 that cost $450k in downtime and repair to get it back up and running. We implemented a monitoring solution and got an alert allowing us to take the machine down in planned downtime and repair it for $20k to $30k. Todd Earis, EATON
Recognize the Potential
Leveraging the IoT can help companies improve service for themselves and their customers by reducing cost and transitioning to proactive and predictive service. Remote monitoring allows companies to identify and resolve issues remotely, providing faster service and increased uptime for the customer while reducing the cost of truck rolls and putting service technicians on site. It can go beyond cost savings to create a new source of revenue from paid upgrades or remotely enhancing equipment capabilities or permissions by “unlocking” enhanced capabilities via a subscription.
Get Started
Now, more than ever, it’s critical to get started. Service transformation has gone beyond the early adopters and is now becoming necessary to compete. Companies have to avoid “paralysis through analysis” and make tangible progress. As Danny Jackson of Autoliv advises, “Done is better than perfect, start doing some things. We lost some time trying to do it perfectly, then made more progress by doing things and learning from them.”
Adopt a Pragmatic Approach
Companies have to get started, but they shouldn’t try to accomplish everything at once. Instead, it’s essential to adopt an incremental approach. Companies can organize their service and machine monitoring efforts in small, manageable, incremental “sprints” that will result in broader, transformational value. Each effort should build on the prior one. Companies should create a framework as they solve the first problem, focusing on operationalizing their capabilities and building repeatable solutions.
Extend the Value
As companies become more experienced and data-centric, they can increase the maturity of their service applications and analytics. They can apply results in their own facilities to improve how they service smart products at customer locations. They can extend to other use cases such as customer self-service, remote maintenance, predicting yield, optimizing manufacturing processes, predicting scrap/rework, or reducing process variability. There is a lot of value available across the enterprise and the value chain in addition to improving service.
How can manufacturers accelerate equipment quotes, design, and delivery without sacrificing performance and quality? What four disciplines do they need to digitally transform their design processes to move faster and get designs right the first time despite increasing complexity?
Please enjoy the summary* below. For the full research, please visit our sponsor Siemens (registration required).
For related research, register for the upcoming live webinar: Accelerate equipment design using product design software.
Digitally Transform
To compete in this complex environment, however, equipment manufacturers must digitally transform their product design and development processes to be as efficient, agile, and adaptable as possible. They have to be able to design more quickly without compromising quality, reliability, or performance. Accelerating design requires a better way of doing things, a collaborative, systems-oriented product development process based on digital data and process continuity. This process should allow them to iterate and innovate without fear, with the comfort that their design and engineering processes are under control.
Improve Four Disciplines to Drive Speed with Quality
Mastering the design of complex products is an opportunity to rise above the crowd. It’s time to digitally transform equipment design and development to raise the bar on the competition through rapid, accurate product design. To support this, we’ve identified four key disciplines to drive speed while accommodating complexity:
What strategies are companies adopting to ensure long-term business success and profitability as they experience constant business disruptions like COVID, supply chain instability, and now armed conflict in Ukraine? What impacts do these events, coupled with increased environmental, social, and governance (ESG) pressure, have on their business? How are they transforming to overcome growing risk? Read our 4th annual survey for insights.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systèmes (registration required).
For related research, please read our prior survey results: Business Sustainability and Transformation Strategies 2021, Business Sustainability and Survival 2020, and Executive Strategies for Long-Term Business Success 2019.
The most surprising finding in this year’s study is a significant rise in focus on ESG. Survey results show an increased recognition of ESG’s role in maintaining success and profitably over the long term. Customers and markets are now demanding social and environmental sustainability.
Although prior surveys showed an awareness of these needs, there was a significant disconnect between awareness and action. The most dramatic change in the data is that companies report that they are taking action. Respondents report that they are actively pursuing ESG goals, including:
What do industry experts and your manufacturing peers have to say about Industry 4.0 and smart manufacturing initiatives? Join this free live event on October 6th in Charlotte, North Carolina to learn and share your experience.
Our own Jim Brown will keynote the conference. He will share his research on how manufacturers can “bounce forward” from recent disruptions with smart manufacturing. Then you’ll hear from a host of knowledgeable speakers and have the opportunity to join in the roundtable discussion to learn from the presenters, panelists, and peers alike. And you can stay for the happy hour to continue the conversations or just enjoy the experience at The Barrel Room at Trip C Brewing Co.
List of speakers:
How can heavy equipment manufacturers accelerate how they quote, build, and deliver equipment to grow revenue without forfeiting profits by sacrificing quality and performance? This webinar shares four disciplines that equipment producers can adopt to implement a world-class design process based on a comprehensive digital twin and digital continuity.
Register for this live webinar sponsored by Siemens on September 28th to hear Jim Brown share the results of his recent research, Increasing Equipment Design Velocity.
For related research, watch the Improving Performance Engineering webinar to learn how companies can increase performance engineering maturity to develop more innovative, high-performance equipment with fewer prototypes and lower costs.
[post_title] => Four Disciplines to Accelerate Heavy Equipment Design
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => heavy-equipment-design-webinar
[to_ping] =>
[pinged] =>
[post_modified] => 2023-12-15 16:26:32
[post_modified_gmt] => 2023-12-15 21:26:32
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11835
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[5] => WP_Post Object
(
[ID] => 11810
[post_author] => 2572
[post_date] => 2022-09-13 09:00:50
[post_date_gmt] => 2022-09-13 13:00:50
[post_content] => 
How do Top Performing companies get better results with their multi-disciplinary development projects?
Projects involving multiple engineering disciplines such as mechanical, electrical, and software can be incredibly complex. How much time do team members waste searching for information, investigating and fixing errors, dealing with integration issues, working around poor architecture design choices, and redoing work due to miscommunications? How much better could products be if more of that time went to innovation and improving designs? How do Top Performing companies deal with this?
How to Improve Multi-Disciplinary Project Performance with Model-Based Systems Engineering (MBSE), a research study based on a survey of 193 companies, examines the practices of those involved with multi-disciplinary development projects. The study looks at what Top Performing companies do to achieve better results than their peers and identifies how any company can improve efficiency, lower cost, and increase quality.
Please enjoy the summary* below. For the full research, please visit our sponsor IBM (registration required).
Business Impact of System Challenges
Without suitable methods for managing system complexity, mistakes are hard to avoid. It’s also harder to catch errors early and identify all the impacts, especially considering interdependencies across components and subsystems. Finding problems late can result in rework, hours or even days of wasted effort, and scrap, increasing costs. Plus, late discovered problems take longer to correct, which means longer development times and delays, further increasing development costs. Then when you consider the impact across all system variants, costs grow exponentially.
The lack of good ways to plan and visualize complex systems can compromise optimal decisions around system architecture. This can lead to higher product costs and more brittle systems that make changes even more expensive and time-consuming.
Less Innovation and Revenue
Innovation sets your products apart, excites customers, and drives revenue opportunities. If your development teams cannot deliver on innovation, your company will miss out on future revenue streams and lose market share to more innovative competitors.
Innovation requires dedicated effort. However, engineers report they waste over half their time on system integration, which consumes their bandwidth to innovate.
What does the future of PLM look like in the CPG industry? Watch this webcast to gain insights into the value of PLM, its importance to broader supply chain and digital thread processes, and its ability to help CPG companies innovate smarter and faster than ever before.
Jim shares the findings from his survey on the future of PLM in CPG and engages an industry expert panel including:
How do digital twins improve the way companies design, engineer, and operate today’s products and buildings? Register for this webinar as Jim Brown hosts a panel of experts to discuss how gaming engines can be applied to improve the business value of digital twins. The speakers will discuss:
How can you empower CAD users for product development success?
CAD is a critical product development tool. However, as product development environments become more complex, especially with teams distributed across multiple locations, and more groups needing access to CAD data, old ways of working may no longer be enough. What slows engineers down? Can the cloud help? We are researching common product development and collaboration challenges in our survey, Empowering CAD Users for Product Development Success. The survey takes just 10-15 minutes. As a thank you, we will send you a copy of the report summarizing the findings.
This survey is targeted especially for engineers, product development teams, and managers of those groups.
Please take the survey to share your thoughts.
In addition to the report, respondents will be entered into a drawing for one of twenty $25 Amazon gift cards.*
Individual responses will be kept confidential. Please feel free to forward this survey to others you feel have an opinion to share.
Thank you for your support, please check out our Active Research page for additional Tech-Clarity survey opportunities.
*See survey for eligibility rules
[post_title] => Empower CAD Users for Product Development Success
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => empowering_cad_users
[to_ping] =>
[pinged] =>
[post_modified] => 2024-01-08 20:58:35
[post_modified_gmt] => 2024-01-09 01:58:35
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11777
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[9] => WP_Post Object
(
[ID] => 11754
[post_author] => 2578
[post_date] => 2022-08-26 12:04:31
[post_date_gmt] => 2022-08-26 16:04:31
[post_content] =>
Steffen Waite is the VP of Research for AECO and Industrialized Construction Software for independent research firm Tech-Clarity. His areas of expertise include BIM, digital twin, DfMA, ERP, PM, FM, and leveraging off-site pre-fab solutions for maximum build efficiency.
Steffen has over 30 years of experience, including construction management, product manufacturing, systems development, and virtual design and construction (VDC). After beginning his career as a project manager in building, ICI, and tunnel construction, his senior leadership roles focused on driving strategies around process, common data environments, manufacturing and assembly (DfMA), robotics, and BIM. He has a BASc (Civil Engineering) from the University of Toronto as well as certificates in Management (University of East Anglia) and BIM (University of Washington).
Mr. Waite is a thought leader who thrives on engaging with people with a passion for improving business and sustainability performance through digital enterprise strategies and software technology. His role at Tech-Clarity is to educate portfolio owners, design firms, general contractors, trade contractors, and component manufacturers on the value of technology for the built environment and asset operation.
When he’s not focused on technology, he is an avid mountain enthusiast (hiking, biking, and skiing) and spends time on the water either boating or surfing.
[post_title] => Steffen Waite [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => steffen-waite [to_ping] => [pinged] => [post_modified] => 2022-11-14 23:39:11 [post_modified_gmt] => 2022-11-15 04:39:11 [post_content_filtered] => [post_parent] => 24 [guid] => https://tech-clarity.com/?page_id=11754 [menu_order] => -10 [post_type] => page [post_mime_type] => [comment_count] => 0 [filter] => raw ) [10] => WP_Post Object ( [ID] => 11730 [post_author] => 2574 [post_date] => 2022-08-17 22:50:08 [post_date_gmt] => 2022-08-18 02:50:08 [post_content] =>
How do you bridge the gulf between product engineering and manufacturing? In the product lifecycle, manufacturing sits at the center. Rapid product and process improvement, lower cost of quality, and business innovation rest on engineering and manufacturing working together effectively. Yet often they don’t or can’t.
Tech-Clarity research shows that MES and PLM are the top two applications Top Performers use to manage manufacturing data. Yet, like the disciplines, they often have a gap between them. That break in the digital thread limits companies’ ability to be truly agile, to innovate at top quality and at minimal cost.
Register to hear iBASEt’s Attila Labas, Razorleaf’s Jonathan Scott, and Tech-Clarity’s Julie Fraser as they discuss the issues and challenges of PLM-MES gap bridging. Download now to hear this recording of the live webinar.
[post_title] => The PLM – MES Gap and Why Bridging it is Urgent Now
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => plm-mes-webcast
[to_ping] =>
[pinged] =>
[post_modified] => 2024-01-02 13:19:32
[post_modified_gmt] => 2024-01-02 18:19:32
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11730
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[11] => WP_Post Object
(
[ID] => 11711
[post_author] => 2
[post_date] => 2022-08-03 08:24:06
[post_date_gmt] => 2022-08-03 12:24:06
[post_content] => 
What do manufacturers need to look for as they plan to adopt cloud PLM? Our updated buyer’s guide shares requirements to help manufacturers ensure that their cloud SaaS PLM solution will meet their product innovation and digital transformation needs.
Please enjoy the summary* below. For the full research, please visit our sponsor PTC (registration required).
For related research, please read some of our related buyer's guides, including How to Choose the Right PDM System and Choosing the Right PLM for the Medical Device Digital Thread.
Cloud SaaS Offers Compelling Benefits
Cloud SaaS helps manufacturers achieve and extend the significant business value of PLM faster, with less risk, and lower total cost of ownership. It offers new opportunities to enhance global reach, secure design sharing, and collaboration. At the same time, it offers compelling operational benefits such as improved performance, security, access to new functionality, and scalability. But there are important things to consider when selecting a cloud PLM system, ranging from deployment options to considerations for certain industries and geographies.
Recommendations for Cloud PLM Selection
To help companies research and analyze potential solutions based on company needs, including needs that help deliver benefits well into the future, Tech-Clarity offers the following recommendations:
Companies are making a significant shift to the cloud, how is that impacting PLM? What do manufacturers need to be aware of related to features, customization, and upgrades as they make the transition? Our survey results include insights from over one hundred manufacturers to find out.
Please enjoy the summary below.* For the full report, please visit our sponsor Aras (registration required).
For related content, watch the interactive webinar replay where Jim Brown shares in-depth insights from his conversations with customers.
Manufacturers Now Favor the Cloud
The shift to cloud software is a relatively recent, fundamental shift in IT architecture. Only 17% of companies participating in our 2018 study1 had a software strategy that called for only using the cloud, using the cloud unless no capable solution was available, or preferring the cloud. Instead, over one-third would choose the most capable solution and about one-quarter did not consider or allow the cloud.
The 2022 survey reflects a dramatically different climate. Now, about three-quarters of companies favor, prefer, or mandate the cloud for their new software selections. In fact, only 4% of responding companies say they do not consider or allow the cloud.
PLM Cloud Transformation has Accelerated
Those results detail companies’ overall cloud strategy, but how does that relate to PLM? PLM adoption has traditionally lagged behind other enterprise software solutions. While some attributed lower adoption to security concerns, we believe it was because companies were forced to choose between cloud solutions or fully-featured PLM. Either way, it’s clear that the PLM transformation is now picking up pace. Almost three-quarters of surveyed companies are either using cloud PLM or to planning to do so. Very few, on the other hand, are unwilling to use the cloud. Our experience shows that this is likely due to regulatory or customer mandates.
The Transition is Underway
A fundamental cloud PLM transition is underway and has accelerated. Despite a slower start than some other applications like ERP or CRM, manufacturers are rapidly pursuing cloud PLM solutions. Cloud PLM offers significant benefits, and companies appear to have transitioned from deciding “if” to implement a cloud solution for PLM and now are discussing “when” and “how.”
Cloud Transformation Offers Additional Improvement Opportunities
In addition to cloud benefits, the large number of companies planning to replace their PLM system with a cloud offering can benefit from a “reset” if their PLM system does not move to the cloud quickly enough. This reset may be valuable because the common state of PLM hampers progress and value due to:
[post_title] => Improving Continuous Improvement
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => improving-continuous-improvement-infographic
[to_ping] =>
[pinged] =>
[post_modified] => 2024-01-02 13:22:22
[post_modified_gmt] => 2024-01-02 18:22:22
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11693
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[14] => WP_Post Object
(
[ID] => 11660
[post_author] => 2
[post_date] => 2022-07-25 09:30:08
[post_date_gmt] => 2022-07-25 13:30:08
[post_content] => 
What does the future look like for PLM in the CPG industry? Tech-Clarity led an interactive discussion with Pepsico and Kalypso PLM leaders in a Kalypso-hosted webinar. It was an interactive discussion with PLM industry leaders from a variety of roles to discuss the findings of our recent research on the Future of PLM in CPG.
The panel brought together over six decades of PLM experience from industry, trusted advisors, and research perspectives. The panel, hosted by Kalypso's Consumer Industry Marketing Manager Hadley Bauer, consisted of:
[post_title] => Future of CPG PLM with Kalypso and Pepsico
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => cpg-plm-blog
[to_ping] =>
[pinged] =>
[post_modified] => 2023-12-15 16:35:14
[post_modified_gmt] => 2023-12-15 21:35:14
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11660
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[15] => WP_Post Object
(
[ID] => 11650
[post_author] => 2574
[post_date] => 2022-07-19 10:37:40
[post_date_gmt] => 2022-07-19 14:37:40
[post_content] => 
How can strategic sourcing professionals lower risk and cost in these uncertain times? This new paper by Procurement Leaders points to the potential of AI in a marketplace, and quotes Tech-Clarity’s Julie Fraser.
Please enjoy the summary* below. For the full research, please visit Procurement Leaders (registration required).
Materials price increases and supplier risk have not abated since the start of the COVID-19 pandemic. Traditional procurement automation systems do not address those issues effectively. Thus, companies must find new ways to combat what appears to be a permanent situation.
“Flipping the pyramid” to use mostly external data and combine internal data with it may hold the key. Marketplaces are once again taking the stage, and with advanced analytics behind them, the benefits are significant. This paper has a concrete example from Bose.
Electronics is an example of an industry where many suppliers and parts are used by a multitude of companies, and available both direct from the manufacturer and from distributors. This makes it ideal for such a marketplace approach.
Fraser points out that near real-time data about supply and logistics from outside still needs a way to get into context with internal data for analytics to perform. If a platform allows that, it can truly push out insights that lead to decisions for how to improve costs and reduce risk.
Read the report to learn more. Thanks, Malcolm Wheatley for the opportunity to share our point of view along with many luminaries.
For related research with Julie Fraser, please read Procurement automation: advancing to the future.
[post_title] => Strategic Sourcing: Leverage AI to Mitigate Risk and Cut Costs (quote spotlight)
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => sourcing-risk-and-cost-paper
[to_ping] =>
[pinged] =>
[post_modified] => 2022-11-14 22:25:58
[post_modified_gmt] => 2022-11-15 03:25:58
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11650
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[16] => WP_Post Object
(
[ID] => 17732
[post_author] => 2574
[post_date] => 2022-07-16 09:47:24
[post_date_gmt] => 2022-07-16 13:47:24
[post_content] => What can manufacturers do to gain full business value from IIoT investments? Julie Fraser shares three tips to create a firm foundation for success on The Peggy Smedley Show podcast.
Hear four examples of how new technology infrastructure and architecture can support bridging the IT/OT divide. Plus a focus on process improvement and people. All of these can deliver strong IIoT business value - if you stay focused on them. Listen to this in this episode to get some ideas for what you might do to better ensure IIoT projects deliver business benefits.
What can you expect for PLM ROI? How will it help your business?
Engineers waste a lot of valuable time on non-value-added work. However, our research finds that Product Lifecycle Management (PLM) can help. It provides business value by empowering engineers to focus more of their valuable time on innovation, design, and engineering. Still, how can it help YOUR company?
Tech-Clarity's 5-minute online assessment leverages our research to help you assess and predict the business value of PLM at your company so that you will have a better understanding of PLM's Return on Investment (ROI).
[post_title] => PLM ROI Payback
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => plm-roi-calculator-assessment
[to_ping] =>
[pinged] =>
[post_modified] => 2023-12-15 13:17:06
[post_modified_gmt] => 2023-12-15 18:17:06
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11633
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[18] => WP_Post Object
(
[ID] => 11616
[post_author] => 2572
[post_date] => 2022-07-12 09:00:26
[post_date_gmt] => 2022-07-12 13:00:26
[post_content] => 
What should you consider to ensure your MBE strategy is successful?
Manufacturers adopting a Model-Based Enterprise (MBE) strategy report improved traceability and agility, faster delivery, greater efficiency, and lower costs. What should you consider to realize similar benefits? An MBE is an organization that uses digital models to support commissioning, operating, servicing, and decommissioning a product, thereby eliminating many of the process and coordination challenges associated with managing products with paper-based, manual processes throughout their lifecycle.
Adopting a Model-Based Enterprise (MBE) Strategy? What You Should Know, a research report based on a survey of 250 discrete manufacturers, establishes a "state of the market" for MBE adoption. In addition, it identifies best practices and considerations to help you progress to higher maturity levels during your MBE adoption journey. This understanding should help manufacturers better plan and prepare for the journey by leveraging people, process, and technology to maximize return on investment as early as possible.
Please enjoy the summary below.* For the full report, please visit our sponsor iBASEt (registration required).
Do not let technology concerns hold you back as you start the MBE journey. MBE offers benefits early on, while technology does not become a bigger issue until later.
Upfront, think more about process. This is an opportunity to modernize and rethink how processes should work without the limitations of current approaches. Today's environment and products have evolved significantly, so processes developed decades ago will likely hold you back.
Do not overlook people and culture changes. Executive support is critical, and training needs must be addressed regularly throughout the journey. Employees need to understand the value of the new approach, why it is better for them, and how it will help them do an even better job, in less time, with higher quality.
Vendors who have a strong vision for MBE can be a great asset. Those involved in standards organizations such as NIST will likely support the latest standards. Look for software solutions that will leverage semantic PMI to automate work.
What has changed in the past 30 years of manufacturing? Listen to the Manufacturing IT Podcast episode where Julie Fraser shares her thoughts with host Daniel Langley. We wander through topics from cigars and sexism to rebranding manufacturing
and remaking companies to be more customer-centric and serious about ESG to overcome the skills shortage. You’ll hear the excitement of myriad new technologies allowing visions of data-driven operations coming to reality. We touch on research and why technology matters to businesses.
Watch the podcast on YouTube or listen on Apple Music.
[post_title] => Julie Fraser on The Manufacturing IT Podcast with Daniel Langley
[post_excerpt] =>
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_password] =>
[post_name] => manufacturing-it-podcast
[to_ping] =>
[pinged] =>
[post_modified] => 2022-11-14 22:25:58
[post_modified_gmt] => 2022-11-15 03:25:58
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://tech-clarity.com/?p=11601
[menu_order] => 0
[post_type] => post
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
)
[post_count] => 20
[current_post] => -1
[in_the_loop] =>
[post] => WP_Post Object
(
[ID] => 11909
[post_author] => 2
[post_date] => 2022-10-11 12:15:46
[post_date_gmt] => 2022-10-11 16:15:46
[post_content] => 
How can remote equipment monitoring improve service performance and profitability? Our buyer's guide shares tangible, practical steps companies can take to improve service through IoT remote equipment monitoring, how IoT platforms help deliver value, and how they can increase benefits with increased maturity.
Please enjoy the summary* below. For the full research, please visit our sponsor PTC (registration required).
Manufacturers can see double-digit increases in throughput from predictive maintenance Dr. Yuri Hovanski, Associate Professor, BYU
A machine failed in 2020 that cost $450k in downtime and repair to get it back up and running. We implemented a monitoring solution and got an alert allowing us to take the machine down in planned downtime and repair it for $20k to $30k. Todd Earis, EATON
Recognize the Potential
Leveraging the IoT can help companies improve service for themselves and their customers by reducing cost and transitioning to proactive and predictive service. Remote monitoring allows companies to identify and resolve issues remotely, providing faster service and increased uptime for the customer while reducing the cost of truck rolls and putting service technicians on site. It can go beyond cost savings to create a new source of revenue from paid upgrades or remotely enhancing equipment capabilities or permissions by “unlocking” enhanced capabilities via a subscription.
Get Started
Now, more than ever, it’s critical to get started. Service transformation has gone beyond the early adopters and is now becoming necessary to compete. Companies have to avoid “paralysis through analysis” and make tangible progress. As Danny Jackson of Autoliv advises, “Done is better than perfect, start doing some things. We lost some time trying to do it perfectly, then made more progress by doing things and learning from them.”
Adopt a Pragmatic Approach
Companies have to get started, but they shouldn’t try to accomplish everything at once. Instead, it’s essential to adopt an incremental approach. Companies can organize their service and machine monitoring efforts in small, manageable, incremental “sprints” that will result in broader, transformational value. Each effort should build on the prior one. Companies should create a framework as they solve the first problem, focusing on operationalizing their capabilities and building repeatable solutions.
Extend the Value
As companies become more experienced and data-centric, they can increase the maturity of their service applications and analytics. They can apply results in their own facilities to improve how they service smart products at customer locations. They can extend to other use cases such as customer self-service, remote maintenance, predicting yield, optimizing manufacturing processes, predicting scrap/rework, or reducing process variability. There is a lot of value available across the enterprise and the value chain in addition to improving service.
How can remote equipment monitoring improve service performance and profitability? Our buyer’s guide shares tangible, practical steps companies can take to improve service through IoT remote equipment monitoring, how IoT platforms help deliver value, and how they can increase benefits with increased maturity. Please enjoy the summary* below. For the full research, please visit our…
How can manufacturers accelerate equipment quotes, design, and delivery without sacrificing performance and quality? What four disciplines do they need to digitally transform their design processes to move faster and get designs right the first time despite increasing complexity? Please enjoy the summary* below. For the full research, please visit our sponsor Siemens (registration required). For…
What strategies are companies adopting to ensure long-term business success and profitability as they experience constant business disruptions like COVID, supply chain instability, and now armed conflict in Ukraine? What impacts do these events, coupled with increased environmental, social, and governance (ESG) pressure, have on their business? How are they transforming to overcome growing risk?…
What do industry experts and your manufacturing peers have to say about Industry 4.0 and smart manufacturing initiatives? Join this free live event on October 6th in Charlotte, North Carolina to learn and share your experience. Our own Jim Brown will keynote the conference. He will share his research on how manufacturers can “bounce forward” from recent disruptions…
How can heavy equipment manufacturers accelerate how they quote, build, and deliver equipment to grow revenue without forfeiting profits by sacrificing quality and performance? This webinar shares four disciplines that equipment producers can adopt to implement a world-class design process based on a comprehensive digital twin and digital continuity. Register for this live webinar sponsored…
How do Top Performing companies get better results with their multi-disciplinary development projects? Projects involving multiple engineering disciplines such as mechanical, electrical, and software can be incredibly complex. How much time do team members waste searching for information, investigating and fixing errors, dealing with integration issues, working around poor architecture design choices, and redoing work…
What does the future of PLM look like in the CPG industry? Watch this webcast to gain insights into the value of PLM, its importance to broader supply chain and digital thread processes, and its ability to help CPG companies innovate smarter and faster than ever before. Jim shares the findings from his survey on…
How do digital twins improve the way companies design, engineer, and operate today’s products and buildings? Register for this webinar as Jim Brown hosts a panel of experts to discuss how gaming engines can be applied to improve the business value of digital twins. The speakers will discuss: How companies use digital twins to improve…
How can you empower CAD users for product development success? CAD is a critical product development tool. However, as product development environments become more complex, especially with teams distributed across multiple locations, and more groups needing access to CAD data, old ways of working may no longer be enough. What slows engineers down? Can the…
Steffen Waite is the VP of Research for AECO and Industrialized Construction Software for independent research firm Tech-Clarity. His areas of expertise include BIM, digital twin, DfMA, ERP, PM, FM, and leveraging off-site pre-fab solutions for maximum build efficiency. Steffen has over 30 years of experience, including construction management, product manufacturing, systems development, and virtual…
How do you bridge the gulf between product engineering and manufacturing? In the product lifecycle, manufacturing sits at the center. Rapid product and process improvement, lower cost of quality, and business innovation rest on engineering and manufacturing working together effectively. Yet often they don’t or can’t. Tech-Clarity research shows that MES and PLM are the…
What do manufacturers need to look for as they plan to adopt cloud PLM? Our updated buyer’s guide shares requirements to help manufacturers ensure that their cloud SaaS PLM solution will meet their product innovation and digital transformation needs. Please enjoy the summary* below. For the full research, please visit our sponsor PTC (registration required). For…
Companies are making a significant shift to the cloud, how is that impacting PLM? What do manufacturers need to be aware of related to features, customization, and upgrades as they make the transition? Our survey results include insights from over one hundred manufacturers to find out. Please enjoy the summary below.* For the full report,…
Should you be improving continuous improvement (CI) in your company? For many companies, the answer is yes. Find out the difference between a typical continuous improvement program and one that’s better in this infographic to see whether you have room for improvement on your CI. Data is at the heart of any CI program. Yet…
What does the future look like for PLM in the CPG industry? Tech-Clarity led an interactive discussion with Pepsico and Kalypso PLM leaders in a Kalypso-hosted webinar. It was an interactive discussion with PLM industry leaders from a variety of roles to discuss the findings of our recent research on the Future of PLM in…
How can strategic sourcing professionals lower risk and cost in these uncertain times? This new paper by Procurement Leaders points to the potential of AI in a marketplace, and quotes Tech-Clarity’s Julie Fraser. Please enjoy the summary* below. For the full research, please visit Procurement Leaders (registration required). Materials price increases and supplier risk have…
What can manufacturers do to gain full business value from IIoT investments? Julie Fraser shares three tips to create a firm foundation for success on The Peggy Smedley Show podcast. Hear four examples of how new technology infrastructure and architecture can support bridging the IT/OT divide. Plus a focus on process improvement and people. All…
What can you expect for PLM ROI? How will it help your business? Engineers waste a lot of valuable time on non-value-added work. However, our research finds that Product Lifecycle Management (PLM) can help. It provides business value by empowering engineers to focus more of their valuable time on innovation, design, and engineering. Still, how…
What should you consider to ensure your MBE strategy is successful? Manufacturers adopting a Model-Based Enterprise (MBE) strategy report improved traceability and agility, faster delivery, greater efficiency, and lower costs. What should you consider to realize similar benefits? An MBE is an organization that uses digital models to support commissioning, operating, servicing, and decommissioning a…
What has changed in the past 30 years of manufacturing? Listen to the Manufacturing IT Podcast episode where Julie Fraser shares her thoughts with host Daniel Langley. We wander through topics from cigars and sexism to rebranding manufacturing and remaking companies to be more customer-centric and serious about ESG to overcome the skills shortage. You’ll…