Rising costs, increasing complexity and competition have pushed manufacturing companies’ profit margins to its’ lowest levels today. Cost of quality and components have never become more important and extracting insights into operational efficiencies is key to profitability.
EACIIT’s ability to analyse IOT data and develop a model around the effectiveness of assets and operations helps manufacturers understand and derive insights not available previously in other business analytics solutions. In addition to analysing data from the sensors, the EACIIT ENGINE™ is able to analyse correlations and develop a financial insight into the world of IOT.
Improving asset effectiveness, production efficiency and lot profitability are some of the key benefits manufacturers realised through the power of the platform. The ability to view operational and IOT data with a financial view helps executive make better decisions.