One major German automaker claims they lose over $40,000 a minute if they have to take a machine offline for maintenance or repairs. How much do you lose?
Machines break down and need to be fixed. That much is unavoidable...as are the costs of downtime. But new Industrial Internet of Things (IIoT)-powered machinery, combined with digital transformation technologies like cloud and edge computing, are helping manufacturing companies—both similar and different from yours—redefine the standards of efficiency. It truly is a new industrial revolution...