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Manufacturers can make safety a profit center

Schneider Electric outlines how the soon-to-be-announced Safety Advisor technology, based on Triconex and EcoStruxure, will create a “profitable safety” business model.

The digitization of data can turn safety systems into intelligent assets that feed into the bottom line of the business.
The digitization of data can turn safety systems into intelligent assets that feed into the bottom line of the business.

Machine safety is necessary for the manufacturing environment, but historically it has been a bit of a drag on business. Manufacturers are required to invest money in safety systems to protect people and the environment, but those same systems may limit or restrict the process. So it’s a cost for new equipment or technology and it’s a cost to production as it may slow down the operation. On top of that, the people who speak the machine’s language — meaning the Baby Boomers who can put their hand on a valve to hear it “talk” to them — are retiring, leaving inexperienced operators to oversee the assets.

On the surface, safety has the reputation of being a costly necessity that is perhaps a bit of a nuisance. But there’s good news on the horizon, as the digitization of data can turn safety systems into intelligent assets that feed into the bottom line of the business.

For some time, Schneider Electric has been talking about the concept of “roll-up accounting,” in which calculations are done for each value point in the process in order to understand the real-time business impact. Products from the company’s “profitable plant” concept were introduced over the last few years as part of its EcoStruxure Industrial Internet of Things (IIoT) architecture. Specifically, Schneider’s Profit Advisor, a technology jointly developed with Seeq, a provider of big data analytics for process historians, provides measurable results by connecting intelligent edge assets to the cloud and applying real-time accounting that is linked to the historian.

INTRODUCING! The Latest Trends for Food Products at PACK EXPO Southeast
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INTRODUCING! The Latest Trends for Food Products at PACK EXPO Southeast