Efficient Plant October 2017 - 64

column | efficiency insight

Predictive
Technologies
Driving
Your Plant
Efficiencies?
Gary Mintchell
Contributing Editor

C

ONGRATULATIONS TO
THE Efficient Plant team
for putting together this new
magazine. Maintenance and reliability
are, and always will be, key components of a profitable and efficient plant.
Technology, leadership practice, and
business requirements are increasingly
bringing maintenance, operations,
engineering, and IT (information
technology) functions together to form
an effective plant-management team.
Efficient Plant will generate a renewed
enthusiasm, along with media savvy
in all of its various forms, to help you
become more successful.
While the words "efficient" and
"plant" are key, the most important issue
involves the type of facility in which you
want to work. Your goal should be to
work in an efficient plant that provides
profits to your organization so that it
can stay in business. This column will
provide information and insight to help
you on your journey.

CASE IN POINT

More than half of managers in manufacturing industries believe their companies
aren't effectively using predictive-engineering technologies.

64

| EFFICIENTPLANTMAG.COM

Magazines and suppliers have been
talking up PdM for years. So, everyone
is already doing it? Well, not so much.
Surprisingly, a new study conducted by enterprise-business-solutions
provider, HSO (hso.com, Northbrook,
IL), has revealed that 54% of managers
in manufacturing industries believe
that their company is not effectively
using predictive-engineering technology, despite the technology having been
billed as a leading industry trend. In an
era dominated by the rise of IoT and
predictive-analytics technology, it's also
surprising to learn that only 15.2% of
those polled identified predictive engineering as a business priority for the next

five years. In addition to this, a fourth of
the 250 managers involved in the study
feel that a lack of integrated technology across different departments is the
main reason that firms don't implement
predictive engineering.
The same study, however, revealed
that more than four in 10 manufacturing managers feel that the rise of IoT
technologies is crucial to help drive
predictive engineering, with artificial
intelligence and machine learning also
being rated as important factors. Of the
manufacturers that are using predictive
engineering to help make their processes
more efficient, more than half (55.6%)
stated that they are benefitting from
significant cost reductions, while 44.8%
are seeing an increase in the speed of
product development.
Mark Breeden, senior account manager at HSO commented: "It is surprising to find that a majority of managers
within the manufacturing industry feel
that their firm is failing to successfully implement predictive-engineering
technology."
He continued, "The research indicates that this is a missed opportunity
for businesses with many respondents
that use predictive engineering revealing
significant cost reductions and increased
product development. Manufacturers
need the tools to understand key intelligence that will help them be proactive."
Where do you stand on developing
predictive applications? Let me know
what you think. EP

Gary Mintchell is an industrialtechnology subject-matter expert.
He can be reached at gmintchell@
efficientplantmag.com.

OCTOBER 2017


http://www.hso.com http://www.EFFICIENTPLANTMAG.COM

Table of Contents for the Digital Edition of Efficient Plant October 2017

Editorial
Implementations
Profitable Reliability Control On Your Horizon
Experts Provide IIoT Insights
Integrating Automation Into Shade Manufacturing
Fluid-Flow Challenges
Looking For Failure In All The Wrong Places
Closer Human/Robot Collaboration
Note These Causes Of Motor Failure
Reliable Pumping Supplement: Food & Beverage Processing
On The Floor
Uptime
IIoT
Pump 'Cavitation' Might Not Be
Never Too Late For Basic Navigation
Audit or Assess? Understand The Difference
A Perfect Pair: Barcodes and Your CMMS
Lubrication Strategies
Products
Ad Index
Showcase
Efficiency Insight
Efficient Plant October 2017 - 1
Efficient Plant October 2017 - Cover1
Efficient Plant October 2017 - Cover2
Efficient Plant October 2017 - 1
Efficient Plant October 2017 - 2
Efficient Plant October 2017 - 3
Efficient Plant October 2017 - 4
Efficient Plant October 2017 - 5
Efficient Plant October 2017 - 6
Efficient Plant October 2017 - 7
Efficient Plant October 2017 - Editorial
Efficient Plant October 2017 - 9
Efficient Plant October 2017 - Implementations
Efficient Plant October 2017 - 11
Efficient Plant October 2017 - Profitable Reliability Control On Your Horizon
Efficient Plant October 2017 - 13
Efficient Plant October 2017 - 14
Efficient Plant October 2017 - 15
Efficient Plant October 2017 - Experts Provide IIoT Insights
Efficient Plant October 2017 - Integrating Automation Into Shade Manufacturing
Efficient Plant October 2017 - 21
Efficient Plant October 2017 - 22
Efficient Plant October 2017 - 23
Efficient Plant October 2017 - 17
Efficient Plant October 2017 - 18
Efficient Plant October 2017 - 19
Efficient Plant October 2017 - Integrating Automation Into Shade Manufacturing
Efficient Plant October 2017 - 21
Efficient Plant October 2017 - 22
Efficient Plant October 2017 - 23
Efficient Plant October 2017 - 24
Efficient Plant October 2017 - Fluid-Flow Challenges
Efficient Plant October 2017 - 26
Efficient Plant October 2017 - 27
Efficient Plant October 2017 - 28
Efficient Plant October 2017 - Looking For Failure In All The Wrong Places
Efficient Plant October 2017 - 30
Efficient Plant October 2017 - 31
Efficient Plant October 2017 - 32
Efficient Plant October 2017 - 33
Efficient Plant October 2017 - Closer Human/Robot Collaboration
Efficient Plant October 2017 - 35
Efficient Plant October 2017 - Note These Causes Of Motor Failure
Efficient Plant October 2017 - 37
Efficient Plant October 2017 - 38
Efficient Plant October 2017 - Reliable Pumping Supplement: Food & Beverage Processing
Efficient Plant October 2017 - 40
Efficient Plant October 2017 - 41
Efficient Plant October 2017 - 42
Efficient Plant October 2017 - 43
Efficient Plant October 2017 - 44
Efficient Plant October 2017 - 45
Efficient Plant October 2017 - 46
Efficient Plant October 2017 - On The Floor
Efficient Plant October 2017 - 48
Efficient Plant October 2017 - Uptime
Efficient Plant October 2017 - IIoT
Efficient Plant October 2017 - Pump 'Cavitation' Might Not Be
Efficient Plant October 2017 - Never Too Late For Basic Navigation
Efficient Plant October 2017 - Audit or Assess? Understand The Difference
Efficient Plant October 2017 - A Perfect Pair: Barcodes and Your CMMS
Efficient Plant October 2017 - Lubrication Strategies
Efficient Plant October 2017 - 56
Efficient Plant October 2017 - 57
Efficient Plant October 2017 - 58
Efficient Plant October 2017 - 59
Efficient Plant October 2017 - Products
Efficient Plant October 2017 - 61
Efficient Plant October 2017 - Ad Index
Efficient Plant October 2017 - Showcase
Efficient Plant October 2017 - Efficiency Insight
Efficient Plant October 2017 - Cover3
Efficient Plant October 2017 - Cover4
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