Cimcon Digital

  According to the McKinsey Global Institute, a leading business, and economics research establishment, manufacturing companies could reduce product development costs by up to 50% and operating costs by up to 25% if they fully utilize the data available to them. But many plants still operate on the “run to failure” maintenance strategy. This is a reactive solution; the plant engineers or maintenance staff act only after a machine stops working, leading to high production losses. Industrial Automation Market Between The Great Resignation and the COVID-19 pandemic, workforce scarcity and remote work make it more difficult to maintain industrial machinery. The Global Industrial Automation market is projected to grow at a compound annual growth rate (CAGR) of 9.2% until 2028. The market is projected to be worth $355.44 billion USD; it’s currently  $191.74 billion USD. Keeping up with maintenance needs for a growing number of assets in the future will lead to more unplanned downtim...

  Steel plays a vital economic role and impacts the daily life of all. Steel is vital to every major industry, from the manufacturing of a blade to railways, to airplanes; without steel production, it would be difficult for the economy to survive. The Challenge The speed of production and demand play important roles in maintaining steel production and supply. Equipment downtime is expensive and productive uptime is valuable. Operators need to maximize asset availability and output while reducing maintenance costs. The risk of unplanned downtime and its spiraling costs must be proactively mitigated. Most importantly, operators need to remain safe and keep the environment safe. In steel and metal operations, time-based maintenance approaches increase the risk to operators as well as increasing costs compared to modern maintenance approaches. Thus, maintenance is an underleveraged opportunity to increase operational efficiency through equipment monitoring solutions.  Steel Plant ...

  The global pump market has been extremely volatile during the past few years with the decline of global oil and commodity prices. Pump manufacturers are looking for ways to minimize losses and introduce new ways of earning profits. As more and more devices are turning smart—from houses to cars-the pump industry is following suit. The digital transformation and the internet are changing the face of the pump industry completely, introducing the concept of predictive analysis and equipment monitoring. This reduces unpredictable maintenance costs and expensive downtime. Why IoT in the Pump Industry The pump market has seen a growing trend of implementing new technologies, called  Pump-as-a-service .  This provides an opportunity for pump manufacturers to innovate and provide full pump solutions instead of merely adding a component to their overall equipment portfolios. But why is the Internet of Things (IoT) a good fit for the pump industry? There are some major t...