How significant is non-operating cost in the TCO of an HVAC system? Cost of ownership, or the lifetime cost of HVAC equipment is usually the total of purchase price and operating cost. However, ABB Drives argues that the costs of an HVAC system that is not running due to failure are also […]
Manufacturing Intelligence & Data Management Mitsubishi’s FA-IT open platform supports competitive global manufacturers Recognising the demand from manufactures to optimize their total manufacturing processes by using IoT, Mitsubishi Electric Corporation has just announced its new FA-IT Open Platform for factory automation. Edge computing model Based around edge computing, the platform facilitates connectivity […]
Inverter drives in the water industry. As with most industries, water companies are following legislation that encourages operations to be more efficient. An example of this is sewage waste being used to generate energy. When implemented locally. it reduces the energy input of the process. Unsurprisingly, inverters or variable speed drives are […]
Schneider’s new Profit Advisor uses IIoT to manage real-time decision making. Schneider Electric, has introduced new software suite that utilises IIoT data to enable industrial customers to measure and control the profitability of their operations in real time. Called EcoStruxure Profit Advisor, it uses control and automation systems data to control real-time profit performance […]
The benefits of a reducing the number of suppliers are widely recognized across manufacturing and industry, with savings including lower development costs and faster time-to-market for new products. Mitsubishi Electric argues the same benefits can be realised by machine builders of all sizes. Typically, the overall cost of design, programming, development, assembly and testing […]