Page 26 - MetalForming November 2017
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ROI in IIoT
to a problem is incredible,” says Lee- bow Wolmer, adding that she also appreciates an outsider’s perspective. “Industrial Intelligence is in many dif- ferent manufacturing plants in a given year, so it sees different things,” explains Leebow Wolmer. “It sees what works and what doesn’t, and it can pro- vide a better overall solution from the IIoT perspective and best practices.”
The move to IIoT already has yielded
significant returns for Pacesetter. For a recently completed project, Industrial Intelligence installed sensors designed to track production schedules through- out the plant. The information revealed two bottlenecks: one in which coils were not immediately ready for pro- cessing, causing a production slow- down, and another where the skids on which the coils are placed weren’t always ready.
By real-time monitoring the status of both coil and skids, and alerting key personnel when production slowed, Pacesetter was able to push the pro- duction schedule through the existing ERP system. This increased productiv- ity at the Atlanta plant by 30 percent. Similar implementations in the other two facilities yielded similar produc- tivity increases.
Taking the First Step
According to Darren Tessitore, COO of Industrial Intelligence, the process for determining possible ROI begins with a factory walk-through with man- ufacturing-process experts and IIoT engineers who understand the back- end technologies. A detailed analysis then is prepared, outlining the scope of the recommended IIoT implemen- tation, exact areas and opportunities for improvement, and the location of new sensors.
“The analysis gives us the ability to build the ROI,” says Tessitore. “We’ll know exactly how much money this will make by making the changes. This removes much of the risk out of it, so executives are not guessing how IIoT might help.”
Following the analysis, companies such as Industrial Intelligence can provide a solution that covers the entire gamut: specifying and installing hardware and software, station mon- itors, etc.; building real-time alerts, reports and analytics; training man- agement on how to use data points to increase profits; and continuously monitoring and improving the system as needed.
“Unless you’re a huge company, you really don’t have someone to create a cost-effective solution that enables you to compete with the larger players in the space,” says Leebow Wolmer.
“It’s not a one-size-fits-all approach,” she adds. “Providers such as Industrial Intelligence have some things that can give you a little bit of IIoT, or they can take an entire factory to a whole new level. By doing this they can be cost- effective for a variety of organizations.”
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