5 Ways to Prevent Downtime in Your Manufacturing Business
The Startup Magazine
JUNE 20, 2024
As the production halts due to faulty equipment, you have to bear the costs of labor, lost revenue, reduced capacity, etc. Many parameters may be monitored by technologies like machine learning algorithms and the Internet of Things (IoT). As IBM mentions, fortune 500 companies are losing around 11% of their annual revenue to downtime.
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