Nearly every manufacturer in the automotive industry is pursuing some level of Industry 4.0 initiative. They know they are sitting on a gold mine of data but don’t have the technology needed to uncover opportunities and improve machine performance in order to boost revenue.
But the very thought of implementing an IIOT solution is daunting for several reasons:
- There is a high rate of project failure
- It can feel like a complex and overwhelming endeavor
- It can be risky and expensive
- It takes too long to see ROI
A survey by Cisco confirms the difficulty of achieving success with large IOT projects. About 75% of completed projects were not considered a success by company leaders.
Forward thinking manufacturers are finding ways to overcome these challenges and avoid IIOT project failure. The following tips are from industry leaders who are finding early success and profits from their Industry 4.0 projects.
1. Start Small and Scale Fast
Rather than taking on a full scale, multi-plant initiative, many manufacturers are starting with a proof of concept project on the plant floor. This approach is designed to deliver tangible results quickly, providing fast ROI justifications for scaled roll outs. A pilot based strategy with early results allow managers to justify the expansion of valuable use cases.
2. Deploy Quickly
Choose a solution that can be implemented and deployed quickly. The risk of a large and customized ‘top-down’ solution is that it can take years to implement and even longer to realize ROI. Large projects with lengthy implementation timelines often result in cost overruns and continual scope creep.
3. Choose a Preconfigured Solution
There are several benefits to a pre-configured, out of the box technology solution for manufacturers. Most can be deployed in a matter of days with no customization needed. The configuration component of any technology solution takes an enormous amount of time and distracts internal resources from business critical day-to-day operations. Pre-configured solutions are also much more affordable, flexible and agile than large, customized platforms.
Remove the complexity, risk and high cost of Industry 4.0 with Automation Intellect
Automation Intellect was designed to address these challenges. Built by experts in the machine building industry, the analytics platform is focused on improving machine performance by delivering real-time, actionable data.
You’ll be up and running in days with our pre-configured solution with ROI in as little as 30 days.
Schedule your DEMO today!
Benefits of Automation Intellect
- IIOT Connectivity that integrates with ERP and MES
- Fastest time to value on the market
- Identify production bottlenecks and understand the loss attributed to each issue
- Predictive indicators prevent future downtime
- Pay only for what you monitor!
