“We are honoured to be implementing Memex’s IIoT technology in the factory of a visionary manufacturing leader like Herb Homeyer,” said Memex CEO David McPhail. “With a correct focus on achieving business value versus simply counting connected devices, IIoT represents no less than the next industrial revolution. The previous three industrial revolutions were mechanization powered by steam engines in the 1800s, mass production powered by electricity and the assembly line in the early 1900s, and automation powered by computers in the late 1900s. Ushering in the fourth industrial revolution, IIoT is powered by the Internet and software applications like MERLIN.”
Memex’s flagship software product, MERLIN, is an IIoT shop-floor-to-top-floor communications platform that provides real-time manufacturing analytics. According to company representatives, MERLIN delivers an average productivity increase of 10 per cent to 50 per cent, and earns more than 20-per-cent profit improvement based on just a 10-per-cent increase in OEE. It promises to consistently achieve payback in less than four months with an Internal Rate of Return (IRR) greater than 300 per cent, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.
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