Real-time unit cost visualization, improvement & optimization
Introduction It is difficult to argue with the notion that knowing your unit cost is essential for running a successful and profitable business. This is particularly critical for the businesses that operate large-scale industrial processes where volumes are high and even a slight change in the unit cost might have a significant impact on their […]
Data vailidity, integrity and consistency: Useful tools to safeguard revenue
Introduction Measurement data has always been an integral part of industrial workplace operations, with automation, particularly via sensors, now taking a bigger role. All systems, plants, oil and gas fields, etc. are set up to collect a large number of measurements, such as pressure, temperature, flow rate, composition, and more. The availability of accurate data […]
