VIDEO: The Collection and Value of Machine Generated Data
June 24, 2021 | By MRO Staff
PHOTO: MRO Staff. At the recent MRO/DE Expo, the morning keynote was presented by Steve Loftus, President and Founding Partner, Innovative Automation, who spoke about The Collection and Value of Machine Generated Data.
“I would like to say thank you for the opportunity to present at the MRO/DEX Expo. This was a great opportunity for me to convey my thoughts on the planning and executing of an Industry 4.0 program for factory equipment,” said Loftus. “Some of the key points are the true value in proper planning, including not just positives but shortcomings, so proper actions are put in place. We must always do an “honest assessment” prior to the start. Keeping in mind the success of a project will lead you to the next one. These ongoing improvements will result in lower overhead cost and drive the competitive advance into the future. One of the key features, sometimes overlooked, is using your data for everything including inventory control and automatic reordering of consumables.”
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