Nov 25th 2017*
The article explained how production factories can improve their gross profits by connecting their machines and optimizing their operations.
For the article in Hebrew
For English translation:
Visual Factories the Israeli startup that wishes to turn any factory into a smart factory
Visual Factories helps manufacturing plants improve their gross profit by optimizing their performance. And in layman’s terms: By connecting the machines to the grid and turning them smart, factories can be more productive and cost effective.
One of the problems facing small and medium-sized enterprises today is operational inefficiency; When the machines are idle, they burden and damage the overall profitability of the plant. Factories are aware that they have to become more efficient, but find it difficult to invest the time and effort in doing so, because they are busy every day solving the immediate problems (not to mention the high expenses).
On the other hand, large and strong enterprises around the world are expected to implement expensive technology infrastructures in the next few years to make them more efficient and competitive, so small and medium enterprises need a solution that is tailored to their size. This is where Visual Factories come into the picture.
The Israeli start-up Visual Factories, which participates in GE Digital’s collaboration program in Israel, develops a cloud-based software solution that helps industrial enterprises increase productivity and achieve operational optimization. Since its establishment in 2014, it has been based on revenue from paying customers, and is completely bootstrap.
One of the features of the platform is the use of gamification in order to encourage all employees of all ranks to take part and work together in order to be as productive as possible.
Adding gamification to the plant
Visual Factories offers a solution called PIM -performance improvement management solution. The PIM is a software solution for manufacturing discrete parts from a variety of industries such as metal, plastics, electronics and packaging. It is designed to help enterprises improve their operational efficiency and profitability by connecting people, resources and information (data) in real time. The data is automatically collected from the production machines and analyzed in a continuous manner in real time, presented using screens, computers and smartphones to workers, intermediate management and senior management simultaneously.
The Visual Factories system issues and sends consolidated analytical reports on a daily and monthly basis. It provides real-time visual information to employees and managers at the plant, including insights and recommendations for decisions and actions.
Just a few days ago, we wrote about another Israeli start-up called Buildup, which operates in a similar field, and offers a platform for construction and real estate companies that enables cooperation between people in construction sites – entrepreneurs, contractors, subcontractors and asset managers. In other words, these two start-ups discovered a niche that was screaming for technological innovation and storming it.
According to Visual Factories, the uniqueness of their solution is expressed in its simplicity, in that it is easy to install and operate, sold as a shelf product in the SaaS model and does not require complex installation or infrastructure investment or any change in the factory’s working methods. In addition, what strengthens the status among small and medium enterprises is the low price compared to other solutions and installation on existing machines and production lines.
Visual Factories was founded by Matti Tiano (CEO), Inbal Luz (VP R & D) and Uzi Yehezkel (CTO) and employs 10 employees in offices in Tel Aviv and Ein Harod. The development is currently installed in companies such as Rolls-Royce and Pratt & Whitney (which manufactures aircraft engines)
Video: The company’s CEO at Pitch in Microsoft’s Demo-Day