Worker performing test on machinery

by   |    |   4 minutes  |  in Automotive, Creativity & Innovation, Digital Transformation

The penalties for poor maintenance can be high—in energy production, loss of revenue and component costs, as well as fines levied for non-delivery. But contrast this with time and/or operation count-based maintenance where a piece of equipment gets maintained whether it needs it or not. This is labor intensive and ineffective in identifying problems that…

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Aircraft maintenance workers servicing airplane engine

by   |    |   3 minutes  |  in Aerospace & Defense, Creativity & Innovation

Augmented and virtual reality seem to have existed as buzzwords in lots of industries over recent years—but real-life business use cases have been relatively slow to emerge. Sure, they have proved popular for gamers across the world, but the technology has now taken a step out of the living room and onto the tarmac in…

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by   |    |   3 minutes  |  in Creativity & Innovation

We’ve all heard the promises of efficiency improvements and digital transformation made possible by adopting internet of things (IoT) technologies. This assumes, of course, that the observations coming out of the IoT monitoring system are actually correct. No, this blogpost is not about tampering or other cybersecurity concerns—although that topic would be worth a blogpost…

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by   |    |   4 minutes  |  in Creativity & Innovation, Digital Transformation, Manufacturing, Transform Your Business

Businesses are constantly told they will go broke if they do not digitally transform and quickly, but for manufacturers it’s not quite as simple. If production goes down even for a day, the impact can be irreversible, with potentially millions in revenue lost. From an ergonomic, economic and environmental perspective, smart factories are heralded as…

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by   |    |   4 minutes  |  in Business Technology, Creativity & Innovation

Predictions vary about when emergent technologies will become a reality. Can taking a look at the past provide insight into what’s next? No matter where you look there are predictions on when technologies such as artificial intelligence, augmented reality and driverless cars will become a reality and commonplace in our lives. Many pundits fall back…

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Mining Maintenance Costs

by   |    |   6 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Service Management

Activity in Australia’s mining sector is accelerating, auguring well for exports and the broader economy, according to economic forecaster and industry analyst, BIS Oxford Economics. But with maintenance costs forecast to increase nearly 60 percent over the next five years now is the time to invest in systems to keep expenditure under control. According to…

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Will manufacturers ride the servitization wave to greater profitability?

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing

The servitization megatrend is upon us. Product-driven companies are adding services revenue streams and business models, usually to augment but sometimes to replace product-based business. What is servitization, and why is it happening? When a major change or megatrend happens, there is usually not just a single reason. Multiple forces push a culture, society or…

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Q&A: How commercial aviation companies can overcome today’s MRO challenges

by   |    |   4 minutes  |  in Aerospace & Defense, Business Technology, Creativity & Innovation, Strategy, Transform Your Business

In this Q&A with industry expert Graham Grose, Vice President and Industry Director at IFS, he answers questions on how commercial aviation companies can overcome today’s maintenance, repair and overhaul (MRO) challenges. Graham is responsible for supporting all IFS business development within the aviation and defense industry, together with associated industry marketing and overall product…

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Q&A: How manufacturing can overcome today’s industry challenges

by   |    |   4 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Strategy

In this Q&A, I ask our manufacturing industry expert, Antony Bourne, to answer five questions about how manufacturing companies can improve business performance. Meet our manufacturing industry expert As the Vice President of Global Industry Sales at IFS, Antony’s responsibilities include acting as the Global Industry Director for Industrial Manufacturing and High-Tech Manufacturing as well…

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