The dispersion of production in global value chains is demanding factories to reduce costs, increase output and maximize profitability so they can continue to stay relevant. With no room for unexpected errors, precise decisions must be made with accurate data to back them up. Adopting industry 4.0 is no longer a matter of choice, but of necessity, and Upkip is the simple, affordable way to get started.
UpKip is an Industry 4.0 solution that is affordable, accessible and relatively easy to integrate and tailored to the business needs which was developed to enable even smaller businesses to become Factories of the Future. The main objective of the target product UpKip is to offer an affordable pay-as-you-go Industry 4.0 solution in the cloud, tailored to the production processes of small to medium enterprises.
The platform drives digital transformation of the production in the direction of smart maintenance, digital supply chain, and new data-driven business models.
Following the key Industry 4.0 design principles, UpKip as an innovative product, aims to inter-connect business-level software systems (such as ERP, PLM, CRM) with operational data from the field, thus allowing observed manufacturing operations to be compared against planned.
In contribution for the third Industry 4.0 pillar, the system supports human operators in their day-to-day decision-making tasks.
Finally, yet importantly, innovative machine learning algorithms for predictive and preventive maintenance analyze data to identify hidden insights and propose preventive actions before machine failures take place. This way the overall efficiency, capacity and quality of the production line is improved by driving higher customer satisfaction and empowering new markets development.
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