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By: Webmaster | September 18, 2017

Business Challenge

Traditional vending machine owners face several problems: considerable expenses and inconveniences in their efforts to maintain, repair and upgrade vending machines without a centralized administration system to perform these functions. Maintenance and support costs are high because on-site visits are usually needed in order to check the machine status, solve troubleshoots, perform software upgrades, and complete repairs. Moreover, revenue is lost whenever a vending machine is out of order, a situation made worse when it takes days to discover and fix the problem. Another concern is being able to attract and engage new customers attending to the changing world, as well as younger customers accustomed to an always-connected...

Category: Industry40 

Tags: Cloud, Sensors, BigData, IoT, alarms 

By: Webmaster | September 03, 2017

Unplanned work stoppages cost global industries millions of dollars in lost revenue. Downtime can be caused for multiple reasons. Examples can be weather delays in airline companies or cyber crime which lead to infrastructure breakdowns.

 

Susceptibility to failure persists, particularly as it relates to factories. According to some research information, more than 90% of machines in factories globally are not network-connected, and the vast majority are more than 15-years-old. 

 

The graphic below shows how much money is lost in a few major industries for just one minute of downtime: