Enabling Product Uptime for Manufacturers

McKinsey estimates that by 2025, 50 billion devices will be connected online, unleashing a wave of new aftermarket service opportunities for manufacturers. Executives have realized that gathering data on product performance and uptime will be crucial to their future success. But with approximately 90% of all connected products data generated in only the last two years, this rapid shift in data acquisition has left many executives without a cohesive strategy to utilize this data effectively.

Further, increased competition and pressure to improve margins make the utilization of predictive maintenance data even more urgent. As more manufacturers enable the collection of sensor data on their equipment, the pressure from customers to make this data actionable increases.

On August 27th we discussed strategies and frameworks for solving the predictive maintenance data problem at your organization. Our connected products experts shared how best-in-class manufacturers can use predictive maintenance data to increase customer satisfaction as well as drive additional revenue with new service offerings.

We also explored topics such as:

1. The variety of maintenance models manufactures use and their service maturity
2. The challenge and cost of unplanned downtime
3. How predictive maintenance helps minimize unplanned downtime
4. How manufacturing executives can enable an effective product uptime strategy
5. …and much more!

About Syncron

Syncron enables the world’s leading manufacturers to deliver exceptional after-sales service experiences while driving significant revenue and profit improvements.