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Manufacturing Technology Insights | Monday, July 18, 2022
The new offering strengthens the continuous Supply Chain Intelligence platform, which eliminates blind spots and improves worker safety while increasing efficiency.
FREMONT, CA: Intelligent supply chain management necessitates implementing and utilizing cutting-edge technologies to optimize diverse supply chain components. With an intelligent supply chain, businesses use current technologies to collect data and generate insights to optimize the supply chain. This can result in cost savings, increased profitability, faster service to customers, and a competitive advantage. ThinkIQ, a SaaS-based digital manufacturing transformation pioneer, has upgraded its Vision platform. The new offering reinforces the company's existing Continuous Supply Chain Intelligence platform and delivers unmatched visibility on the production floor, reducing blind spots and boosting worker safety and efficiency.
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"Many manufacturers are still effectively blind to a staggering percentage of events on the factory floor. With these latest enhancements, we're eliminating their blind spots and giving them the full picture by measuring machines for utilization, materials and products for status, and people for efficiency," states Doug Lawson, CEO of ThinkIQ. "We're constantly adding new detection and visibility capabilities to give manufacturers more context and meaning to their data."
Today's manufacturers require a new degree of visibility that facilitates transformational decision-making throughout the whole manufacturing process and supply chain journey. In order to achieve this, the industry cannot rely solely on data from smart equipment, which leaves over 80% of the process unaccounted for in most plants.
ThinkIQ Vision combines modern vision-processing software with powerful pre-packaged Machine Learning and Artificial Intelligence capabilities to transform shop-floor cameras into robust sensors that eliminate blind spots across equipment, materials, and people, thereby significantly enhancing the available data for Continuous Intelligence.
ThinkIQ provides edge gear, including cameras, sensors, wireless networking, edge computer, and cellular backhaul equipment. This enables a quick deployment that requires minimal or no customer effort. Using the cellular option effectively isolates the solution from the customer network, eliminating any security problems.
These hardware kits are pre-configured, allowing manufacturers to have cameras as the Internet of Things (IoT) sensors that are linked and operational within hours.
ThinkIQ's SaaS Manufacturing cloud-based platform streamlines the development of web applications. It capitalizes on the benefits of the Internet of Things, Big Data, Data Science, Semantic Modeling, and Machine Learning. The platform collects data across the operation (existing and IIoT sensors) to deliver real-time insights that can be acted upon (e.g., identify correlations and root causes, traceability and yield issues, etc.). It introduces a new capacity beyond what today's standalone, disconnected operating environments can give.
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