Submitted by Andrew Waycott, COO & Co-Founder at TwinThread
It’s no secret that emerging markets have shown incredible prowess when it comes to the continual modernization of their infrastructure. It also shouldn’t surprise anyone to read that western market organizations have made the conscious decision to find a way to make do with the aging technology and assets they have been drawing on for years or, in many cases, decades.
Without a total restructure or substantial upgrades, it may seem like your older equipment doesn’t have any more to offer in the way of increased efficiency. This is a disconcerting thought given that it will be difficult (or next to impossible) to meaningfully compete against your industry counterparts, who are doing everything they can, each day, to further modernize their operational capabilities. Frankly, every day that goes by where you execute the manufacturing status quo, your ability to acquire and retain your target market diminishes.
However, as luck would have it, there is now a way in which those organizations that lean on well-used assets can breathe new life into their tried and tested production lines.
The super-brain of a comprehensive Predictive Operations Platform informs your engineers to the highest regard and arms them with the insight necessary to exploit every ounce an asset has to offer. Harnessing the informative power of predictive data insights, you’ll know your assets like the back of your hand and how, to greatest effect, you can leverage their operation to serve your success.