Getting Onboard with TwinThread’s Predictive Operations
The level of technical skills within your business should not hinder your potential for maximizing data analytics.
The speed at which you can start using Predictive Operations is a high priority for TwinThread, and getting started is a vital part of the service provided.
“TwinThread’s Predictive Operations Platform is making a big difference to our process engineers, giving them real-time feedback on the stability of our production.” - Domenic Verte, Manufacturing Application Manager, Toray Plastics (America), Inc.
Providing the support needed for successful onboarding
Upon implementation, TwinThread provides all the resources and support mechanisms required to get customers up and running as quickly and effectively as possible.
This includes access to a personal consultant from its Onboarding Consultant team, the TwinThread Help Center - which is an “asked and answered” service and is continuously monitored during business hours - as well as TwinThread’s technical support.
Onboarding Accelerator Program
This initial program allows TwinThread to identify key stakeholders and data sources, and helps to prepare an overview of the manufacturing process, which is modeled and managed by the Predictive Operations Platform.
- Identifying stakeholders provides insight into the details of each stage of manufacturing.
- The Platform can connect with existing data sources, including any IoT devices.
- The ‘Equipment & Process Overview’ identifies the manufacturing equipment that will be modeled using Digital Twins, as well as a hierarchy of production assets.
“We chose TwinThread and we couldn’t be happier. The scalability of the platform… has allowed us to focus on the specifics of our solution without having to build the infrastructure to execute it.” - Brian Courtney, VP, LifeWhere Business, Resideo Corporation
To make sure that companies get the most out of its onboarding process, TwinThread provides various webinar sessions to maximize speed to value.
IMF: Variants Can Still Hurt Manufacturing Recovery
After a year of on-and-off manufacturing in the US, UK, and the eurozone, demand for goods surged early last week. Factories set growth records in April and May, suppliers started to recover, and US crude hit its highest price point since pre-COVID. As vaccination efforts immunise much of the US and UK populations, manufacturers are now able to fully ramp up their supply chains. In fact, GDP growth could approach double-digits by 2022.
Now, the ISM productivity measure has surpassed the 50-point mark that separates industry expansion from contraction. Since U.S. president Biden passed his US$1.9tn stimulus package and the UK purchasing managers index (PMI) increased to 65.6, both sides of the Atlantic are facing a much-welcomed manufacturing recovery.
Lingering Concerns Over COVID
Even as Spain, France, Italy, and Germany race to catch up, and mining companies pushed the FTSE 100 index of list shares to a monthly high of 7,129, some say that UK and US markets still suffer from a lack of confidence in raw material supplies. Yes, the Dow Jones has made up its 19,173-point crash of March 2020, and MSCI’s global stock index is at an all-time high.
Yet manufacturers around the world realise that these wins will be short-lived until pandemic supply chain bottlenecks are solved. If we keep the status quo, consumers will pay the price. In April, inflation in Germany reached 2.4%, and across the EU’s 19 member countries, overall prices have increased at an unusual pace. Some ask: Is this true recovery?
IMF: Current Boom Could Falter
Even as Elon Musk tweeted about chip shortages forcing Tesla to raise its prices, UK mining demand skyrocketed; housing markets lifted; and the pound sterling gained value. The International Monetary Fund (IMF), however, cautioned that manufacturing recovery won’t last long if COVID mutates into forms our vaccinations can’t touch. Kristalina Georgieva, Washington’s IMF director, noted that fewer than 1% of African citizens have been vaccinated: “Worldwide access to vaccines offers the best hope for stopping the coronavirus pandemic, saving lives, and securing a broad-based economic recovery”.
Across the globe, manufacturing companies are keeping a watchful eye on new developments in the spread of COVID. Though US FDA officials don’t think we’ll have to “start at square one” with new vaccines, the March 2021 World Economic Outlook states that “high uncertainty” surrounds the projected 6% global growth. Continued manufacturing success will in large part depend on “the path of the pandemic, the effectiveness of policy support, and the evolution of financial conditions”.
Mathias Cormann, secretary-general of the Organisation for Economic Co-Operation and Development (OECD) concurred—without global immunisation, the estimated economic boom expected by 2025 could go kaput. “We need to...pursue an all-out effort to reach the entire world population”, Australia’s finance minister added. US$50bn to end COVID across the world, they imply, is a small investment to restart our economies.