PTC
on the balance sheet as well . For example , some companies we have worked with have improved their OEE between 5 % and 20 %.
“ So that percentage really , if you translate that into throughput and capacity , for those where the demand is much higher than their capacities , they can quickly ramp up their productions and meet customer demands . For those who are under pressure to reduce the conversational cost , this double-digit improvement on OEE for capacity can help them to do that as well . So again , this is really where digital transformation can impact all aspects of operations to improve machine performance , people performance , and process efficiency when and where there is most impact , which eventually translates into double-digit impact and into financial benefits .”
Making Manufacturing Smarter Discussing the ways in which technology is helping to make manufacturing smarter , Zhang says that “ the internet of things ( IoT ), augmented reality ( AR ), digital platforms , and analytics are all enablers . PTC is an industrial leader of IoT and AR . So we have the privilege of working with hundreds of companies and factories all over the world to help them to transform their operations . There are hundreds of use cases , but there are a handful that are really powerful .
“ The first one is , I would say , a must-have for all digital transformation initiatives in factories , which we call digital performance management . Not only is this the most popular , most powerful , and most valuable use case by itself , but is also a foundation for a company ’ s digital transformation journey . Digital performance management allows the whole organisation from top to bottom access real-time actionable insights to identify , prioritise , and analyse problems
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