The Danish arm of UK - based National Oilwell Varco is in the process of integrating every part of its plant and says the benefits of the switch are already apparent . After five years of work the company can easily monitor every component using a simple traffic monitoring system , while all parts come from sole supplier Siemens . By shopping around, I might be able to get some components at a lower price, but if that costs me just one hour of production downtime, then that would be far more expensive,” explained Thygesen. The combination of data analysis and streamlining has led to reduced production costs and increased efficiencies , and has also future - proofed the company ahead of Industry 4.0 .
The Danish arm of UK - based National Oilwell Varco is in the process of integrating every part of its plant and says the benefits of the switch are already apparent . After five years of work the company can easily monitor every component using a simple traffic monitoring system , while all parts come from sole supplier Siemens . The combination of data analysis and streamlining has led to reduced production costs and increased efficiencies , and has also future - proofed the company ahead of Industry 4.0 .