Industrial Training

Industrial Training Blog

Big Data, how to calculate ROI for downtime.

Just as True Downtime Cost ™ (TDC) justify Lean projects, it works for Big Data projects too.

The source article linked to at the bottom of this page, introduces the two missing elements in most industrial big data initiatives that result in failure for end users to realize their Return On Investment (ROI) goal. Gain insight on how to calculate ROI for industrial big data collection using a real downtime costing system, TDC.

Read about …

2 barriers to industrial big data:

  • Realizing the ROI.
  • Acting on the big data collected.

Then read excerpts from our example …

Big Data Action Plan:

How to define downtime cost for better business continuity, and much more.

End with a clarification of The Bottom Line. See …

Source: Big Data, how to calculate ROI for downtime.

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October 19, 2018 - Posted by | Lean, Management | , , , , , ,

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