SOFTWARE AND TOOLS

LLumin's IoT-enabled Software Reduces Downtime for Manufacturers by Nearly 40%

LLumin | January 19, 2022

Four out of every five companies experience unplanned downtime. And that downtime significantly impacts the bottom line in manufacturing—costing companies as much as $260,000 per hour according to Aberdeen Research.

To combat downtime, something that's increasingly difficult in an economy with ongoing labor shortages and supply chain challenges, companies are turning to advanced technologies to minimize and reduce downtime, using machine learning and predictive analytics.

That's why LLumin's findings from analysis across manufacturing customers reveal something so important: Based on historical customer data, their real-time machine analytics platform reduces downtime by nearly 40% within the first 12 months of going live in a facility.

Not only that, LLumin's platform reduces customers' mean time to repair (MTTR) score—which measures the average time it takes to recover from a system failure—by nearly 20% within two years of implementing their CMMS platform.   

"We know firsthand from conversations with our customers that this platform delivers a lasting solution for curbing downtime—these numbers prove that it can help essentially any manufacturer concerned about equipment faltering. Monitoring machines in real-time and triggering preventive maintenance before a major issue arises is going to become an increasingly important part of how manufacturers thrive in the future."

LLumin CEO Ed Garibian

Minimizing downtime is crucial in sectors like the food and beverage industry—less downtime means less potential for spoilage, helping manufacturers run at optimum efficiency. LLumin's IoT-enabled solution provides proactive maintenance, which is a combination of preventative and predictive maintenance. Proactive maintenance supports time, usage, and condition-based maintenance approaches, all of which can be deployed simultaneously with LLumin.

LLumin, a trusted CMMS partner for prominent food and beverage manufacturers like Sunny Delight Beverages, American Beverage Corporation, a2 Milk, and Miller Milling, and a provider for global brands like Rockwell Automation and Caterpillar, is committed to providing solutions that curb downtime and enhance safety in plants.

About LLumin
LLumin Inc., is redefining industrial automation by integrating real-time machine and operations data with business rules and policies to automatically trigger intelligent, predictive actions and outcomes. Using a "bias towards action" approach, LLumin moves beyond traditional Asset Management Solutions to provide customers with an intuitive, always-on, software solution that integrates seamlessly into their existing technology platforms.

Spotlight

The Internet of Things (IoT), with its ability to connect devices and enable data exchange through embedded sensors, is garnering much interest across industries. TCS Global Trend 1 Study 2015 , highlights some of the major business model changes that are taking place across industries due to the adoption of the IoT. For the Consumer Packaged Goods (CPG) industry, the IoT offers widespread applicability across the value chain. CPG companies are likely to benefit the most by embedding sensors in products or services that touch end users directly, helping them drive consumer engagement throughout the consumption lifecycle. The IoT will also enable CPG companies to understand consumer needs better, thereby improving product designs or service models, leading to better brand loyalty and top-line growth.

Spotlight

The Internet of Things (IoT), with its ability to connect devices and enable data exchange through embedded sensors, is garnering much interest across industries. TCS Global Trend 1 Study 2015 , highlights some of the major business model changes that are taking place across industries due to the adoption of the IoT. For the Consumer Packaged Goods (CPG) industry, the IoT offers widespread applicability across the value chain. CPG companies are likely to benefit the most by embedding sensors in products or services that touch end users directly, helping them drive consumer engagement throughout the consumption lifecycle. The IoT will also enable CPG companies to understand consumer needs better, thereby improving product designs or service models, leading to better brand loyalty and top-line growth.

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INFRASTRUCTURE, SOFTWARE AND TOOLS

EPIC iO Upgrades DeepInsights™ Platform for Real-World Applications

EPIC iO Technologies | March 13, 2023

EPIC iO, an innovation leader in applied AIoT (Artificial Intelligence and Internet of Things), recently announced significant upgrades to its industry-leading DeepInsights™ platform that will, among other things, assist smart cities and other organizations in controlling traffic and crime, enhancing crowd safety, and reducing infectious diseases. DeepInsights provides the intelligence, data collection and management, and automated responses required to maximize IoT technology as the core of EPIC iO's turnkey solutions for addressing real-world problems. All EPIC iO solutions are driven by AI-powered analysis provided by DeepInsights. As an open, cloud-native, and flexible analysis engine, the solution accepts diverse data sets from IoT sensors such as video cameras, environmental sensors, and external third-party systems, normalizes these diverse data streams and analyzes the optimized data flows using unique capabilities, and then displays findings and notifications on a dashboard that provides insights for any application. In its analyses, the platform employs machine learning, neural network algorithms, and enhanced AI data modeling to unveil what is occurring in any environment in real-time. DeepInsight's new features include the following: A next-gen Computer Vision AI model A fine-grained Classification module A new Rules Wizard that streamlines AI rules creation A biosecurity module to disinfect spaces Cloud Dashboard templates to simplify visualization CEO of EPIC iO Technologies, Ken Mills, shared, "As the only company that integrates everything from sensors and network connectivity to analysis and visualization to deliver complete solutions, EPIC iO uniquely enables its highly diverse customer base to leverage and profit from AIoT technologies." He added, "Whether the goal is improving efficiency, keeping employees and customers healthy or reducing crime, our technology helps customers exceed their IoT expectations, and DeepInsights is at the core of every solution." (Source – Globe Newswire) About EPIC iO Technologies EPIC iO is a South Carolina-based company offering software technology that combines 5G-ready connectivity and AIoT solutions to create a safer, more intelligent, and more connected world for businesses. The company aims to unlock the full potential of IoT and data intelligence through AI integration. EPIC iO's open AI platform, DeepInsights™, enables public and private enterprises to generate, analyze, and extract IoT data intelligently. DeepInsight delivers valuable, real-time insights through a single, integrated source, helping businesses make informed decisions and succeed.

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ENTERPRISE IOT, INFRASTRUCTURE

Norbit Completes IoT Start-up CPS AS Acquisition and Issues New Shares

NORBIT ASA | February 06, 2023

NORBIT, a leading supplier of customized technology solutions, has completed the acquisition of IoT startup CPS AS. CPS will be a part of the Connectivity segment. The transaction places an enterprise value of NOK 13 million on CPS, amounting to an equity value of NOK 12.6 million. It will be financed through consideration shares and cash. The consideration shares will be issued at a price equal to the five-day volume-weighted share price of NORBIT ASA before the signing of the share purchase agreement, with a total value of NOK 9.0 million. The cash payment will amount to NOK 3.6 million. As part of the transaction's partial settlement, the board has decided to issue 298,059 consideration shares to the sellers at NOK 30.25107 per share. The resolution is based on the company's annual meeting on 4 May 2022 authorization to increase the share capital. After registration of the increase in share capital in the Norwegian Register of Business Enterprises, NORBIT's share capital will be 59,199,198 at a par value of NOK 0.10, totaling NOK 5,919,919.80. About NORBIT ASA NORBIT ASA Headquartered in Trondheim (Norway), NORBIT is a global provider of niche-specific technology, addressing problems with sustainable and innovative solutions. To work with key markets, the company is divided into three business units: Oceans focuses on global maritime markets, Connectivity offers low-power wireless solutions for monitoring, identification, and tracking of vehicles and other valuable assets; and PIR (Product Innovation and Realization) provides R&D services and contract manufacturing. The company has roughly 400 employees and operates a global sales and distribution platform.

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ENTERPRISE IOT

Nextivity Acquires Assured Wireless, Expanding Global First Responder Communication Solutions

Nextivity | January 19, 2023

Assured Wireless Corporation, which had the best technology for high-power user equipment (HPUE), has been acquired by Nextivity, which has the best smart cellular coverage solutions. Both companies will benefit from this move. Nextivity will be able to use the HPUE technology of Assured Wireless Corporation, and Assured Wireless Corporation will be able to use the resources of Nextivity. With this purchase, Nextivity can offer the widest range of coverage to the first responder sector, both indoors and outdoors and at the network's edge. By using the HPUE technology from Assured Wireless Corporation, Nextivity will be able to give their customers better network coverage in a lot more places and industries. CEO of Nextivity, Michiel Lotter, said, “We are delighted to welcome the incredible technology and team behind the industry’s leading HPUE technology to our family.” He added, “With Assured Wireless’ patented technology and Nextivity’s global reach, we can better serve the needs of global first responders and essential workers." He further added, "This acquisition further confirms our commitment to the global public safety community.(Source: Businesswire) Nextivity will be able to provide a comprehensive portfolio of solutions to meet all communications needs, anywhere and at any time, with the addition of HPUE technology. Nextivity's public safety product line will now be called the SHIELD family because of the acquisition. This will give first responders access to the latest communication technology, giving them the tools they need to work in any situation. About Nextivity Nextivity is a company that makes better ways for people and businesses to connect through cellular, public safety, and private networking coverage. Their popular CEL-FI product line is powered by their proprietary IntelliBoost chip, which utilizes digital signal-processing to enhance cellular performance and provide unbeatable coverage in over 100 countries. Their solutions are safe for use on networks and are used by over 200 mobile network operators worldwide. Nextivity is based in San Diego, CA, and works closely with partners to design effective solutions for their success.

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