Empowered staff who have the skills and knowledge to make decisions are the ones who’ll be proactive, champion change programs and add the most value to the business, like reducing downtime, before it occurs. But managers can’t force people to feel empowered.
Downtime costs the world’s top companies billions in revenue every year. One report goes so far as to say businesses lose $84,000 to $108,000 USD for every hour of IT system downtime. Manufacturing is no exception.
Equipment failure costs businesses millions of dollars annually, and can even have consequences on the future of the business, as plant operators can be so busy trying to repair equipment and get it back up and running that they miss opportunities for improvements that help future-proof production.
Empowered staff who have the skills and knowledge to make decisions are the ones who’ll be proactive, champion change programs and add the most value to the business, like reducing downtime, before it occurs.
The use of new innovative technology in traffic management is being implemented at a pace that is hard to keep up with, so what does the future of intelligent road infrastructure look like?
The interconnectivity of the Industrial Internet of Things (IIoT) is formidable. There are so many components seamlessly working together produce a bounty of positive outcomes for a company.
This year, we have surveyed a significant segment of our customers across industry, to better understand what challenges they face and to ensure that we as a partner, continue to offer services which support them to solve those challenges.
The lightning fast rate at which we embrace new technology has made items such as mobile phones and laptops almost disposable. Yet, when it comes to manufacturing maintenance, most plant operations are faced with the challenge of maintaining aging equipment.