A key performance indicator can be measured, and it usually tells how a business is adhering to its intended business model and strategies. The word “intended’ actually emphasizes how a business should choose relevant and effective measurements that directly or indirectly reflect the level of success in meeting its goals. A business must take into account three important questions while developing KPIs –

  • What is the best way to measure performance?
  • What absolutely must be done right?
  • What data is most pertinent to decision support?

As part of IIOT Industry 4.0 application, Utthunga Technologies, by virtue of its domain knowledge, can implement KPI managers for customers across industries. Implementation by us will include the supply of KPI manager application hardware, software, design, engineering and implementation.

It should be noted that, the mere development of a relevant KPI does not make the business successful. Effective implementation is very necessary and measuring aspects alone are not enough to yield success. The data related to KPIs should act as an essential guide for strategic decision making and not just be considered as a hard benchmark for performance.

Generally, in a manufacturing plant, the KPI implementation is carried out in a single phase. Practically, there is no dearth of performance related data in any industry and it is a given fact. The various sources of data can be the DCS of the processing units, Plant data archiving system, quality control database, plant automation systems, equipment health related systems, Environmental performance data, data on financial performance, business related data in the ERP and data available in personalized/legacy system.

The best way forward is to filter out the unwanted information and to ensure that appropriate and relevant KPIs are available to their intended audience. There can be scope for a holistic approach with globally strategic KPIs as a result of the global strategic planning or even regional, local or a product specific KPIs.

For manufacturing industry, the KPIs are usually classified under the following sub headings:

  • Business KPI
  • Process KPI
  • Production KPI
  • Equipment KPI
  • Inventory KPI
  • Quality KPI
  • Energy KPI
  • Maintenance KPI
  • HSE KPI

Recent Posts

  • Industry 4.0
  • February 26, 2021
  • 3 Minutes Read

EtherCAT Implementation Strategies

Industrial automation systems use Ethernet application layers technologies like EtherNet/IPTM and Profinet which often have issues related to bandwidth and payload. To overcome these shortcomings, Beckhoff Automation, a German automation company came forward with a Fieldbus system called the Fast Light Bus. This eventually evolved into EtherCAT (Ethernet for Control Automation Technology), which was launched […]

Read more

  • Industry 4.0
  • February 10, 2021
  • 3 Minutes Read

Importance of Cybersecurity in IIoT

Manufacturing industries have evolved drastically over the last decade or so. With the advancements in technologies, manufacturers are aggressively adopting IT/OT convergence tools. Embedded systems, be in in the form of a small smart sensor, or a PLC/DCS, HMI, or an edge device are staring to play a more prominent role. Located in the lower […]

Read more

  • Industry 4.0
  • February 9, 2021
  • 3 Minutes Read

Artificial Intelligence in Industrial Automation: A Primer

Role of Artificial Intelligence in Industrial Automation For many people, Artificial Intelligence(AI) means robots performing complex human tasks in sci-fi movies. Actually it is partially true. Whatever AI offers to the world is allowing the industrial machines to carry out super intelligent tasks. As the global industries and decision makers are facing new challenges, there […]

Read more

  • Industry 4.0
  • February 1, 2021
  • 3 Minutes Read

All You Need to Know About Industry Protocols

An Introduction to Industrial Automation Communication Protocols Techopedia defines industrial communication protocols as “formal descriptions of digital message formats and rules.” These protocols are integrated in hardware systems as well as software programs. The core function of communication protocols is to send and receive messages between different systems, devices, or software programs. Communication protocols are […]

Read more

A Peek Into Our Resources

See how Utthunga can help you decide on the next important steps.

  • Case Studies

    AMR – Substation Automation for a Public Sector Power Distribution Company

    AMR – Substation Automation for a Public Sector Power Distribution Company

    Read more

  • Articles & Technical Papers

    Articles & Technical Papers

    Asset health monitoring using FITS and OPC PubSub

    Read more

  • Brochures & Data sheets

    Brochures & Data sheets

    Utthunga brochure

    Read more