As Augury builds on our collaboration with Carrier and other large OEMs and companies, we are experiencing first-hand how the sum is very much greater than the parts. When it comes to transformation, together is always better – whether it’s about digital transformation, expanding the Machine Health ecosystem or changing the world.

We’re more than pleased to announce our expanded global collaboration with Carrier – a global leader in providing healthy, safe and sustainable building and cold chain solutions. Augury is providing our Machine Health technologies to their BluEdge Digital services portfolio so they can deliver new kinds of value, reduce maintenance costs and maximize uptime for their clients.

Accelerating the Journey – and the Vision

As Augury steps forward with Carrier, we are also making a leap in our overall vision: a world where people can rely on the machines that matter. We are collaborating with Carrier and other key partners to make a meaningful impact in creating a sustainable future through Machine Health. We believe that together, we are stronger than apart. Therefore, we continue to fuel our partnership and collaboration efforts towards our collective vision.

A year ago, I wrote ‘Four Reasons to Partner with Machine Health Experts when Approaching Digital Transformation’. Now with a number of large and powerful OEMs as collaborators, I can add a fifth reason: partnering accelerates the journey.

Today, we can help our partners see around corners and move faster than ever before by leveraging our collective learnings from working with global businesses on their digital transformation journeys.

Digital Transformation Requires a Cultural Transformation

Over the last few years, through our various collaborations with not only several OEMs but dozens of Fortune 500 companies, we’ve learned that only a fraction of digital transformation efforts is technology. The rest is about people.

Backed by this experience and realization, we’ve become experts in change management. We help embed that lean and speedy startup sensibility required to drive innovation and rapidly digitize a large organization’s operations. In turn, these organizations can create more value for their clients.

Since we’ve become very familiar with the complexities involved in elevating a company’s culture, we can simplify and accelerate the process towards digital transformation, saving money, improving focus and creating competitive advantage.

Scaling on a Shared Vision for a Better World

Of course, while we offer a shortcut to digital transformation, Augury welcomes a large and powerful partner such as Carrier. Such OEM collaborators offer us the opportunity to scale our reach to millions of machines over the next few years.

But it’s more than scale. We also share common values with our partners and a long-term vision to create a better world. Last week in ‘Help Provide Clean Water For All’, we wrote in the light of World Water Day about our partnership with world’s leading water technology company Grundfos and how together we aim to make unexpected critical failures during the moving, managing and treating of water a “thing of the past” within five years. In this process, we also want to help bring clean drinking to all, through organizations such as charity: water.

Similarly in the light of Earth Day beginning on 20 April, we praise Carrier’s above-and-beyond efforts in creating healthier buildings and schools as they reopen in wake of the coronavirus crisis. And we are proud to be able to make a contribution to such efforts.

In other words, while we can help OEMs transform their culture and business, only together – literally together – can we transform an industry. And the world.

Read more about our OEM collaborations at ‘The Perfect Match: Picking the Right Startup Partner for Digital Transformation’. 

The post The Power of Equipment Manufacturer Collaboration: Going Further, Faster appeared first on Augury.

Eight years ago, a leading CPG manufacturer launched a $50 million digital transformation initiative to solve a host of production problems that were causing operational inefficiencies and dragging down the bottom line.

The initiative showed promise at the outset, but the company didn’t, and maybe couldn’t, have anticipated how long the development and implementation processes would take. Between gaining budgetary approval, developing a plan, hiring a suite of engineers, installing sensors, and creating software to analyze the machine data, years passed without proof of a meaningful ROI. Throughout this trial and error process, the company was losing an estimated $300 million per year to unplanned downtime across their production lines.

It took the CPG manufacturer many years to realize that they were wasting resources building technology versus focusing on where their expertise lies — in developing and producing quality consumer products. Once they decided to look for a partner, they found and onboarded Augury for a technical and business validation at two facilities. Within weeks, they started resolving some of the key machine-related production challenges they had struggled with… but what if they had chosen to partner with Machine Health experts in the first place?

Here are four reasons to partner with Machine Health experts when approaching digital transformation:

Reason 1: Partnering Simplifies Digital Transformation

With any complex innovation process, there’s more to it than meets the eye. Companies that attempt to build their own machine health solutions often find themselves spending more time and money developing and implementing the initiative, often unsuccessfully, than doing what they do best — serving their customers.

Machine health should be the centerpiece of any manufacturer’s digital transformation strategy, and partnering with experts simplifies implementation and increases the likelihood of success.

Trusted partners can provide a team of experts to help weigh the pros and cons of different technology decisions, avoid common pitfalls with implementation, and interpret and apply the vast new swaths of data they gather — without compromising a company’s focus on its customers.

Reason 2: Partnering Saves Money

It’s difficult to budget developing an in-house machine health solution. The cost is unpredictable and can vary greatly, from half a million dollars to tens of millions, depending on the problems the initiative is hoping to solve, and the speed and extent to which they hope to scale.

This is before considering the opportunity cost of developing an in-house solution. For every month or year that it takes to implement an in-house solution, problems with unplanned downtime or lower productivity persist. In contrast, the cost of working with an expert partner is predictable.

Reason 3: Partnering Improves Focus

Another major consumer products company realized early on that machine health was important, but building its own solution wasn’t financially or operationally feasible, let alone strategic. “Why would we become a data science company, when it’s not what we do best?” their executives concluded.

Knowing their strength was in product innovation, they partnered with external machine health experts to assist in delivering this central component of their digital transformation strategy.

By focusing their time and development budgets on strengthening their product lines, and then partnering with machine health experts to ensure those products were efficiently produced, they have remained at the top of their industry.

Reason 4: Partnering Creates Competitive Advantage

A manufacturer that is building its own machine health solution may need to keep their initiative small, perhaps limiting it to a single line, until ROI is proven. This is a costly “chicken and egg” dynamic, where success is required to scale, but scale is necessary to demonstrate program success.

An external partnership can often prove ROI faster, allowing a company to scale quickly and efficiently, gain faster internal buy-in, and stay ahead of the competition as a result.

Hundreds of companies—including the CPG manufacturer mentioned earlier —are now taking advantage of external machine health expertise, and partnering to gain competitive advantage. Your company’s competitors may be among them. Staying competitive means staying focused on what your company does best, and partnering in areas where you don’t have expertise.

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