Despite some organizations in denial about Industry 4.0’s impact on the manufacturing, many organizations have already started to impact their revenues with futuristic technology advancements.
Some, Industry 4.0 Solutions applications are IoT, Cloud Computing, Big Data, Advanced Robotics, AR/VR, AI, ML, Analytics etc.
According to an IDC report, the growth of IoT across Manufacturing is exploding like anything.
The report further states that worldwide spending on the Internet of Things to reach $745 Billion in 2019, led by the Manufacturing, Consumer, Transportation, and Utilities Sectors.IoT in manufacturing is useful for the below reasons:IoT for employee safetyIoT for asset tracking IoT for inventory management IoT for predictive maintenance IoT for production quality
Operations expenses contribute a lot to manufacturing costs.
With a proper asset management system in place, the high expenditure can be controlled.
Traditional or modern or the highly advanced – the key to profitability in Manufacturing (both product and process manufacturing) is in the most productive utilization of your assets, physical as well as human.
A performance-driven company would be obsessed with quantifying, tracking, measuring, and monitoring their assets.
And, without asset tracking this is highly difficult.And compared to legacy models of asset management, IoT asset tracking is cheaper, faster, and better – giving you a competitive advantage if deployed right and quick.
Let’s see how it works.
Hakuna Matata Solutions will be your iOS app development partner to help you choose the right technology stack, UX, and app integration.
Our experts will ensure the entire iOS app development process is quicker, cost-efficient and seamless.
Remember, healthy inventory is not just about stocking goods every day but managing them efficiently.
Even top businesses fail to understand the fact that inventory management solves the basic business need and plays a major role in the overall supply chain.Using IoT in inventory management system will save the company time, cost, and helps meet customer demands.
Assessing the assets’ health, availability, inventory status, depreciation is critical for large enterprises as these can impact on their productivity, performance and RoI.
An asset management system in place helps enterprises have the asset data during every phase of its lifecycle and utilize the assets to the maximum.
This leads to the reduced total cost of asset maintenance and depreciation.
Asset Lifecycle Management system bridges the office with the field of any enterprise.
As an IoT app development company, Hakuna Matata Solutions offer custom made IoT applications that can solve your industry needs like effective machine management, reducing unscheduled down time, improving productivity and so on.
Thanks to the power of the Internet of Things (IoT), managing your assets is now smarter than ever – because it is now accurate, comprehensive, intelligent and real-time.
Contact us to get an idea of how IoT-enabled asset tracking benefits manufacturing.
Hakuna Matata Solutions a leading Robotic Process Automation (RPA) service provider works in increasing productivity by automating all low-level manual data handling and business processing tasks.
Hakuna Matata offers RPA solutions for HealthcareFinancial ServicesFMCGCPG industry
OEE Definitions: OEE (Overall Equipment Effectiveness) is the gold standard for measuring manufacturing productivity.
Simply put – it identifies the percentage of manufacturing time that is truly productive.
An OEE score of 100% means you are manufacturing only Good Parts, as fast as possible, with no Stop Time.
In the language of OEE that means 100% Quality (only Good Parts), 100% Performance (as fast as possible), and 100% Availability (no Stop Time).
Today, top-level executives are investing for AI in manufacturing industry to improve operational efficiency, productivity, performance.
From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing.In a Forbes Insights Survey on Artificial Intelligence, 44% of respondents from the automotive and manufacturing sectors classified AI as “highly important” to the manufacturing function in the next 5 years, while almost half, 49% said it was “absolutely critical to success.” According to markets and markets, Artificial Intelligence in the manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.
From productivity enhancement, feature enrichment, to regular functionality updates, managing an Android app is seamless.
Hire an Android app development company with expertise over years to ensure success.
DevOps helps companies combine their Development and Operations to create a workflow that ensures communication between software developers and IT professionals to ensure quick delivery by managing production operations.
The only difference between the digital transformation for enterprise then and now is the way you capture data.
While the digital technologies in the past helped us garner data discretely, we are able to extract collective data from different channels without any discomfort.
This data-driven advantage is what digital transformation is all about.
With that said, understanding the common challenges of inventory management becomes super important and industry heads are looking out for solutions to achieve profit and improve customer satisfaction.
No matter where the inventory is located: be it warehouse, multiple locations or consigned or drop-shipped from supplier, managing inventory better is an absolute must for improved cash flow and reduced expenses.
Digital transformation isn’t about technologies.
As digital business transformation experts, Hakuna Matata Solutions have enabled companies with defined strategy and roadmap to ensure enterprise success.Being a digital transformation company, we consider the technology and people involved in the process too as new approaches should only help the organization grow even better and shouldn’t be roadblock.
Our aim is to help your business leverage the complete potential of advanced digital capabilities to offer services that are easier, simple and faster to use for your customers.
Organizations don’t have to spend time on developing native iOS, Android apps for customers as a hybrid app can do the trick for the business.
Reusable coding and faster time to market are other two critical advantages that have forced the enterprises to invest in hybrid app development.A major reason why most organizations have moved to hybrid mobile app development over native is to connect with users across all platforms cost-effectively and swiftly.A decade-old experience in mobile app development arena has helped us to build some robust and futuristic solutions that are enabling the productivity, RoI of enterprises across different industry verticals.
Despite some organizations in denial about Industry 4.0’s impact on the manufacturing, many organizations have already started to impact their revenues with futuristic technology advancements.
Some, Industry 4.0 Solutions applications are IoT, Cloud Computing, Big Data, Advanced Robotics, AR/VR, AI, ML, Analytics etc.
OEE Definitions: OEE (Overall Equipment Effectiveness) is the gold standard for measuring manufacturing productivity.
Simply put – it identifies the percentage of manufacturing time that is truly productive.
An OEE score of 100% means you are manufacturing only Good Parts, as fast as possible, with no Stop Time.
In the language of OEE that means 100% Quality (only Good Parts), 100% Performance (as fast as possible), and 100% Availability (no Stop Time).
According to an IDC report, the growth of IoT across Manufacturing is exploding like anything.
The report further states that worldwide spending on the Internet of Things to reach $745 Billion in 2019, led by the Manufacturing, Consumer, Transportation, and Utilities Sectors.IoT in manufacturing is useful for the below reasons:IoT for employee safetyIoT for asset tracking IoT for inventory management IoT for predictive maintenance IoT for production quality
Today, top-level executives are investing for AI in manufacturing industry to improve operational efficiency, productivity, performance.
From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing.In a Forbes Insights Survey on Artificial Intelligence, 44% of respondents from the automotive and manufacturing sectors classified AI as “highly important” to the manufacturing function in the next 5 years, while almost half, 49% said it was “absolutely critical to success.” According to markets and markets, Artificial Intelligence in the manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.
Operations expenses contribute a lot to manufacturing costs.
With a proper asset management system in place, the high expenditure can be controlled.
Traditional or modern or the highly advanced – the key to profitability in Manufacturing (both product and process manufacturing) is in the most productive utilization of your assets, physical as well as human.
A performance-driven company would be obsessed with quantifying, tracking, measuring, and monitoring their assets.
And, without asset tracking this is highly difficult.And compared to legacy models of asset management, IoT asset tracking is cheaper, faster, and better – giving you a competitive advantage if deployed right and quick.
Let’s see how it works.
From productivity enhancement, feature enrichment, to regular functionality updates, managing an Android app is seamless.
Hire an Android app development company with expertise over years to ensure success.
Hakuna Matata Solutions will be your iOS app development partner to help you choose the right technology stack, UX, and app integration.
Our experts will ensure the entire iOS app development process is quicker, cost-efficient and seamless.
DevOps helps companies combine their Development and Operations to create a workflow that ensures communication between software developers and IT professionals to ensure quick delivery by managing production operations.
Remember, healthy inventory is not just about stocking goods every day but managing them efficiently.
Even top businesses fail to understand the fact that inventory management solves the basic business need and plays a major role in the overall supply chain.Using IoT in inventory management system will save the company time, cost, and helps meet customer demands.
The only difference between the digital transformation for enterprise then and now is the way you capture data.
While the digital technologies in the past helped us garner data discretely, we are able to extract collective data from different channels without any discomfort.
This data-driven advantage is what digital transformation is all about.
Assessing the assets’ health, availability, inventory status, depreciation is critical for large enterprises as these can impact on their productivity, performance and RoI.
An asset management system in place helps enterprises have the asset data during every phase of its lifecycle and utilize the assets to the maximum.
This leads to the reduced total cost of asset maintenance and depreciation.
Asset Lifecycle Management system bridges the office with the field of any enterprise.
With that said, understanding the common challenges of inventory management becomes super important and industry heads are looking out for solutions to achieve profit and improve customer satisfaction.
No matter where the inventory is located: be it warehouse, multiple locations or consigned or drop-shipped from supplier, managing inventory better is an absolute must for improved cash flow and reduced expenses.
As an IoT app development company, Hakuna Matata Solutions offer custom made IoT applications that can solve your industry needs like effective machine management, reducing unscheduled down time, improving productivity and so on.
Thanks to the power of the Internet of Things (IoT), managing your assets is now smarter than ever – because it is now accurate, comprehensive, intelligent and real-time.
Contact us to get an idea of how IoT-enabled asset tracking benefits manufacturing.
Digital transformation isn’t about technologies.
As digital business transformation experts, Hakuna Matata Solutions have enabled companies with defined strategy and roadmap to ensure enterprise success.Being a digital transformation company, we consider the technology and people involved in the process too as new approaches should only help the organization grow even better and shouldn’t be roadblock.
Our aim is to help your business leverage the complete potential of advanced digital capabilities to offer services that are easier, simple and faster to use for your customers.
Hakuna Matata Solutions a leading Robotic Process Automation (RPA) service provider works in increasing productivity by automating all low-level manual data handling and business processing tasks.
Hakuna Matata offers RPA solutions for HealthcareFinancial ServicesFMCGCPG industry
Organizations don’t have to spend time on developing native iOS, Android apps for customers as a hybrid app can do the trick for the business.
Reusable coding and faster time to market are other two critical advantages that have forced the enterprises to invest in hybrid app development.A major reason why most organizations have moved to hybrid mobile app development over native is to connect with users across all platforms cost-effectively and swiftly.A decade-old experience in mobile app development arena has helped us to build some robust and futuristic solutions that are enabling the productivity, RoI of enterprises across different industry verticals.
