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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Online Banks: A Place for Savings Accounts

Savings account with online banks are useful for people who do not need a banking service frequently. The key benefits of an online bank are: i) It offers higher rates of interest than traditional banks because of its lower maintenance and running costs, ii) It takes lower fees for a service, for example discounting overdraft fees partially or even fully and also issuing free debit cards and allowing free online  payment of bills, iii) An online bank takes substantial time to transfer money to another bank's account. This is a blessing in disguise as savings accounts are meant for saving and online banks provide the incentive to save more and spend less. Online banks for these purposes are becoming extremely popular these days. Read more at:  http://www.savingsaccounts.com/articles/advantages-to-banking-online

 

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Analytics help in reducing machine downtime

Machines are important in any manufacturing industry. As wear and tear of the machines are obvious, a preventive maintenance program is vital to i) reduce machine downtime, ii) get the overall view of the health of the machine and iii) estimate the cost of the maintenance.

The preventive maintenance can be done with the help of a Predictive Maintenance program, also known as PdM which includes the techniques of Predictive Analytics. Different sensors installed in the machine provide inputs to the Analytical Software from which the degradation process can be understood. This will help in predicting different failure modes of the machine.

 

To know its benefits and how PdM improves machine & equipment maintenance, please go to http://www.lselectric.com/4-ways-predictive-analytics-improves-equipment-maintenance/

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