Factory Operations Visibility & Intelligence
Overview
Visualizing factory operations data is a challenge for many manufacturers today. One of the IIoT initiatives some manufacturers are pursuing today is providing real-time visibility in factory operations and the health of machines. The goal is to improve manufacturing efficiency. The challenge is in combining and correlating diverse data sources that greatly vary in nature, origin, and life cycle. Factory Operations Visibility and Intelligence (FOVI) is designed to collect sensor data generated on the factory floor, production-equipment logs, production plans and statistics, operator information, and to integrate all this and other related information in the cloud. In this way, it can be used to bring visibility to production facilities, analyze and predict outcomes, and support better decisions for improvements.
Applicable Industries
- Heavy Vehicle
- Automotive
Applicable Functions
- Discrete Manufacturing
Market Size
The industrial control and factory automation market are expected to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%.
Source: markets and markets
Case Studies.
Case Study
Public Sector (CLC)
CLC heavily relied on manual paper-based systems to manage their mission-critical processes. As a result these processes were time consuming, invisible and unproductive driving the organisation to seek company specific process solutions. As Roger Barnes, Manager of CLC's mining activities notes, “The risks associated with this included the lack of integration with the data sets and tripping over statutory deadlines, so things that were supposed to happen at a certain time didn't always happen because we'd lose track of where they were at.” The vehicle booking process in particular required visibility as the organisation maintains more than 80 vehicles, each of which travels great distances per year. Understanding what kind of return the vehicles provided and at the same time managing occupational health and safety requirements were constant challenges for CLC.
Case Study
Getting the Torque Just Right Could Save Millions for Aerospace Companies
GE Aviation loses millions of dollars each year to errors made at key points during the assembly and overhaul of its engines. The costs show up in lost productivity, delays in testing, delays in customer deliveries, and the man-hours required to troubleshoot and correct faults. If errors arenʼt detected until after the engines are sent to customers, the repair costs exponentially increase.B-nuts are one such key manufacturing point. They play a critical role in aircraft engine fluid lines and hoses, providing a sturdy, reliable seal―but only if tightened and torqued properly. If not torqued properly, there will be a need for a maintenance do-over, cancelled flight, or even an in-flight shut down.