in The Forrester Wave™: Digital Operations Platforms For Manufacturing Businesses, Q3 2020.
DETROIT, May 14, 2019 – Plex Systems, the leader in cloud ERP and MES for manufacturing, today announced at PowerPlex 2019 the release of Plex Industrial IoT, a suite of solutions designed to solve business challenges generating from the shop floor. Plex Industrial IoT connects machines to the cloud, manages the resulting data streams, and contextualizes the information in real time. The first available offering will focus on asset performance management (APM), helping companies avoid manufacturing disruption caused by common problems like unplanned downtime, diminished machine performance, and substandard quality output.
“Operational excellence is foundational to a manufacturer’s ability to meet quality requirements, efficiency goals and productivity measures,” said Richard Murray, chief product officer of Plex Systems. “Plex is lowering the barrier to entry for manufacturers to realize the benefits offered by IIoT by creating a plug-and-play offering. This solution suite will level the playing field for big and small manufacturers alike.”
Plex Makes the Industrial Internet of Things Real
Plex’s new solution enables manufacturers to implement and leverage connectivity in the era of Industry 4.0, breaking down siloes created by varying protocols and data types used by equipment and sensors by simplifying the connection to machines and the contextualization of data. Plex Industrial IoT grants access to the underlying machine intelligence, delivering to manufacturers timely and accurate insight in a single solution, eliminating operational surprises.
According to IDC analysts, by 2021, 90 percent of manufacturers will leverage real-time equipment and asset performance data to self-diagnose issues in advance and trigger a service intervention to avoid unplanned downtime.1
Plex Industrial IoT delivers:
“Plex Industrial IoT will provide us a direct view into the status and overall performance of assets, and we are really excited about the ability to tie quality and part-level performance expectations to asset performance—information that has traditionally been extremely difficult to generate,” said Bob Bierwagen, vice president of digital strategy, MPI Corporation. “With this information available we can both correlate data—as well as understand causality in order to make the operational improvements that will positively impact our bottom line.”
Plex Industrial IoT will be available in July 2019. This is Plex’s initial Industrial IoT offering following the acquisition of IIoT leader DATTUS in July 2018. Future releases will focus on part quality and manufacturing efficiency.
1. Source: IDC, IDC FutureScape: Worldwide Manufacturing 2019 Predictions, doc # EMEA43135818, Oct 2018.
Plex Systems, Inc.® delivers the first smart manufacturing platform that empowers the world’s leading innovators to make awesome products. Plex gives process and discrete manufacturers the ability to connect, automate, track and analyze every aspect of their business—from the shop floor to the top floor —to drive business transformation. Built in the cloud, the Plex Smart Manufacturing Platform includes MES, ERP, supply chain planning, Industrial IoT, and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility in an ever-changing market.
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