23 Apr 2023

Monitoring engineering equipment:
what can go wrong?

No one would argue the importance of automation and monitoring of engineering equipment in the commercial and industrial sectors.

Here are some of the main benefits that investing in such solutions can bring to a company:

• Increased Efficiency. Automated systems can perform tasks faster, more accurately, and with fewer errors. They work 24/7 without breaks, increasing productivity and reducing the need for manual intervention.
• Cost Savings. Companies can save on labor costs by reducing the need for manual labor. Automated systems also use resources such as energy and raw materials more efficiently. For example, FTLV’s solutions help companies to save up to 20% in electricity and heat.
• Sustainability. Saving energy not only allows companies to spend less money. This can be an important part of a long-term ESG strategy and help build a reputation for being a responsible business that values the environment.
• Fewer Repairs. The cost of repairs and maintenance is another big problem for businesses worldwide. According to The Business Research Company, the global repair and maintenance market compounded an annual growth rate of 8.5% in 2023 and reached $1,5 billion. In addition, as anybody knows, equipment problems always happen at the most inopportune time: an unnoticed overnight breakdown of a warehouse refrigerator can destroy tons of products and lead to a massive loss in money. Monitoring in real-time can help identify and address issues before they become significant, reducing downtime and increasing uptime.
• Safety. Real-time monitoring can also identify potential safety hazards, allowing operators to take corrective action before accidents occur. Automated systems are often designed to comply with safety regulations and standards, reducing the risk of accidents and injuries.
• Regulatory Compliance. It can be challenging for businesses to comply with various legal requirements and prepare reports for regulatory authorities. For example, store owners must not only control but constantly document the temperature in a storage area. A monitoring system makes it much easier.
• Efficient work with data. All the necessary information for making important business decisions is stored in one place and always available for download and analysis.

So, we all can agree: monitoring of engineering systems is essential for business. But what's next? Further, a company that plans to implement a monitoring system has to meet several challenges.

Choosing the Right Solution. Every business is unique. Finding a product that works equally well for every company, fully meets all needs, and takes into account specific tasks can be tricky. Therefore, we at FTLV practice a modular approach to creating solutions for our clients. All our systems are designed by selecting and configuring ready-made software and hardware modules. This principle allows us to create a unique solution for every customer's facility, need and specifics.

Implementation Time. How to put into operation a new monitoring system without pausing business processes? The modular principle can be the answer to this question too. It significantly reduces the project implementation time, and also allows you to add new tools at any time.

Unification. Сompanies often buy equipment from different manufacturers for different tasks. When it comes to monitoring, this can be a difficulty. What can a business do in such a case? Does this mean that you will have to select a monitoring solution for each engineering system? Fortunately, FTLV products are suitable for any modern equipment. For example, our solutions work great with products from Carel, Danfoss, Dixell, and others. Moreover, all data will be aggregated within a single interface. Thus, the operator will always have information about the status of all systems.

Employee Training. Any new equipment or software means that the company will have to teach personnel how to use it. This process may take some time. To make it faster all FTLV’s interfaces have a unified style and logic. All our dashboards are intuitive and easy to use.

Want to know more about FTLV’s solutions? Visit our new website and read about our unique approach to equipment monitoring.