How AI Can Boost Predictive Maintenance In Manufacturing
How can Artificial Intelligence be used for predictive maintenance in manufacturing? New software technologies are helping business operations.
All around the world, countless organizations use old, non-integrated, user-unfriendly and/or outdated software solutions to run their businesses. Unavoidably, this leads to inefficiencies in today’s fast changing world with demanding and impatient customers. If this is also relevant for your organization, then this is probably not news! Certainly, you are aware of the availability of better solutions. But for some reason, you were not ready to act yet. While you are waiting, do you have any idea what the cost is of using those outdated business software solutions?
In the western world, organizations modernize their ERP and CRM business software solutions every 8 to 10 years. That is either an upgrade or a complete replacement. In some industries, this number tends to increase due to the current crisis. But also due to the fact that many organizations postpone these projects – even if they actually have to act.
So why do companies postpone the modernization of their business software in the first place? Well, there are various reasons!
An important question you should be considering is “What is the potential business impact of this delay?” While the list of consequences is a long one, we’ve selected a number of issues that can have a serious material impact on your business:
Modernizing your business software demands for a serious investment. But continuing the use of outdated solutions can potentially cost you a fortune!
Are you considering modernising your business? Digital transformation is more than a buzz word – it is now a necessity. Computers have come a long way in the last 25 years! Around the turn of the century, digital transformation meant some of your staff having PC's, however things are a somewhat more advanced now. It is important to have a strategy for transforming your business using digital technology.
Will McIntee is the UK Lead for Quattro Business Solutions (QBS Group), the Master VAR for the UK Dynamics ERP channel. In this video he talks about how things have changed with regard to accessibility to technology, and how to think about digital transformation in your business.
To find out how your company would look as a modern business, please see the following:
Already using NAV or Navision? Why not talk to our expert team about an upgrade or a re-implementation?
How can Artificial Intelligence be used for predictive maintenance in manufacturing? New software technologies are helping business operations.
Summarising technology changes for manufacturing companies in 2023 and what that means for 2024 such as artificial intelligence and industry 4.0
Manufacturing, Warehousing and distribution company Colorlites implements Business Central ERP with Dynamics Consultants in a phased approach