MachineMetrics, located in Boston, Massachusetts, is the winner of the 2018 “Smart Manufacturing Solution of the Year” award from IoT Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.
“A great deal of hesitancy still exists for manufacturers to embrace the technology that addresses the new challenges presented by digital transformation,” said Bill Bither, CEO of MachineMetrics.
“With installing cloud-based monitoring systems being the first and perhaps most important step toward data-driven manufacturing, we designed MachineMetrics to help companies overcome these challenges and create a roadmap forward so they can take this initial and crucial step. We are proud to be developing the future of manufacturing alongside them.”
The mission of the IoT Breakthrough Awards program is to recognize the innovators, leaders and visionaries from around the globe in a range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, Connected Home and Home Automation, Connected Car, and many more.
This year’s program attracted more than 3,000 nominations from companies all over the world. All nominations were reviewed and evaluated by an independent panel of experts within IoT industry, with the highest scored nomination selected as winner for each category.
“The benefits of digital disruption that Internet-of-Things technology implementations deliver are perhaps the most promising in the industrial and manufacturing space,” said James Johnson, managing director, IoT Breakthrough.
“MachineMetrics stood out in the Industrial IoT category with a compelling smart manufacturing solution that delivers tangible results in significant productivity increases.
“We congratulate MachineMetrics on their growth and progress in 2017 and we look forward to seeing continued progress throughout 2018. We are thrilled to recognize MachineMetrics as a 2018 IoT Breakthrough Award winner.”
Roughly 50% of US manufacturers admit to not having a systematic roadmap or toolbox for easy rollout of digital manufacturing solutions, and over 15% of all US manufacturers identify a lack of knowledge about suitable providers as their biggest obstacle.
Because no standard roadmap for digital manufacturing exists, many are often uncertain about where to start and what foundational capabilities are required to succeed.
MachineMetrics spoke with hundreds of these manufacturers to gather their feedback on why previous solutions were unsuccessful and how they could be designed better.
The product of these conversations was a fully automated machine monitoring and manufacturing analytics solution that simplified IIoT for the shop floor.
By providing visualizations of real-time production data, instant notifications, and historical analytics, MachineMetrics empowers manufacturers to make faster, smarter, more confident decisions based on real-time data, says the company.
Along with their first IoT Breakthrough award, MachineMetrics has also been named one of 20 tech-ecosystem partner by McKinsey and Co. for their Digital Manufacturing Growth Initiative and were named as a Top 10 Manufacturing Intelligence Solution Provider for 2017 by Manufacturing Technology Insights.