Berkeley, CA -- (SBWIRE) -- 01/13/2014 -- The recent hot topic for the venture capitalists and the industry visionaries is the Internet of Things (IoT). According to Will Sobel, CEO with System Insights, “They have suddenly realized there are more things than people, and unlike people, things produce data. Things are the new buzzwords, but nobody has figured out how to make real money from things or what is the value of a thing. Manufacturing keeps coming up as an area of focus, but again, while the broad strokes are there, the ideas are not grounded. There has been a lot of focus on security and protocols, very necessary, but less focus on how to generate the business value from things.”
Machine tools and manufacturing equipment data is directly tied to value, meaning, and the data received from a machine tool. The understanding of that data will allow a company to make more money. The money it can make is measurable – material, tooling, rejects, idle time, and time on a machine costs money – the parts they produce make money. Data analysis can improve all aspects – reduce downtime, rejects, and cutting time – saving money.
About System Insights
System Insights, (http://www.systeminsights.com) based in Berkeley, California, with offices in Chennai, India, is a leading global supplier of manufacturing software in both machining based, discrete and process industries. The SI flagship product - vimana - delivers predictive analytics solutions to improve clients’ efficiency, productivity, and profitability. vimana provides these data while enabling customers to realize sustainable manufacturing objectives. The vimana software platform delivers a unique combination of Cloud Computing and Big Data capabilities that sets out to revolutionize the economics of manufacturing. System Insights is a proud member of both AMT (Association for Manufacturing Technology) and NTMA (National Tooling and Machining Association). Follow System Insights on Twitter @systeminsights.