In the fast-paced world of industrial manufacturing, every minute of production downtime can translate into significant financial losses. Shockingly, a staggering 80% of facilities struggle to measure their production downtime accurately, leading to an annual cost of approximately $50 billion for industrial manufacturers worldwide. This alarming statistic calls for immediate attention and action.
The Consequences of Inefficient Downtime Management
Many manufacturing plants still rely on a reactive, run-to-fail maintenance process, where equipment is only fixed once it breaks down. Unfortunately, this approach results in an inefficient maintenance process with far-reaching negative consequences.
Unplanned downtime is a glaring indicator of a severe lack of real-time visibility into operations. It leads to low technician productivity and a heavy reliance on outside contractors to supplement in-house staff.
On average, companies lose over 5% of their productivity, which equates to a staggering 27 hours of production lost each month due to equipment failures. Moreover, 46% of these companies struggle to deliver optimal service quality, further exacerbating the issue.
Scops by Quick Algorithm: A Game-Changer in Downtime Management
In this critical scenario, Scops emerges as the definitive solution to address the urgent need for efficient downtime management. With a remarkable 82% of companies experiencing unforeseen downtime in the last three years, Scops offers a distinct competitive edge to businesses. By leveraging our hardware and software solution, companies can gain unparalleled control and comprehensive visibility over all their operational plants, empowering them to optimize performance and mitigate potential disruptions.
The Distinctive Advantage of the Scops IoT & AI Solution
Our extensive operational experience has shown a remarkable 40% reduction in unplanned downtime, thanks to the implementation of our turnkey solution powered by IoT and AI-driven data analysis. The best part? Our comprehensive wireless solution can be swiftly installed within just 20 minutes.
Leveraging our advanced software, we effectively analyze consumption and performance data obtained from industrial machinery, buildings, and various infrastructure assets. This data enables us to deliver precise predictive KPIs, insightful analytical findings, and automated anomaly detection alerts. These innovative advancements significantly enhance business decision-making processes.
Significant Savings and Commitment to Efficiency
Our continuous 24-hour monitoring, coupled with invaluable production insights, has yielded substantial savings of up to €1.5 million in production losses. At Quick Algorithm, we stand by our commitments. As our founder, Jacopo Piana, PhD, passionately states:
"We have the moral and pragmatic obligation to reduce inefficiencies and maximize what we have been endowed with by learning from data."
To conclude, Scops is not just a solution; it's a revolution in industrial efficiency. With the power to reduce downtime, improve productivity, and ensure the continuity of services, Scops is the partner your business needs to thrive in the competitive world of manufacturing. Don't be part of the 80% struggling with downtime measurement—embrace Scops and lead the way in optimizing your operations.
