Factor-E Analytics

Energy & Production data management

Team:
Stylianos Chiotellis (Dipl.Ing. Mechanical Engineering, M.Sc. Global Production Engineering),
Ioannis Relakis (Dipl.-Ing. Electrical Engineering and Computer Science, M.Sc. Global Production Engineering),
Deepak Srinivasan (B.Sc. Automation and Control Engineering, M.Sc. Applied Physics, Ph.D.  Electrical Engineering and Computer Science)

Sector:
IT for the manufactoring sector

Mentor:
Prof. Dr. –Ing. Günther Seliger

Faculty:
V Mechanical Engineering and Transport Systems, Department of Machine Tools and Factory Management

Support:
EXIST Startup Grant (2015)

Our Idea

Factor-E Analytics makes Industry 4.0 accessible to every manufacturing company. The Factor-E System digitises production equipment regardless of age and interface. A cloud analytics platform, based on continuous electrical power measurements extracts productivity and resource efficiency information. Machine operating states, capacity utilisation, production output and maintenance demand are calculated in real time and communicated to the shop floor. Productivity improvements of up to 10% and energy savings of up to 20% are possible. Installation within hours and no production interruptions guarantee the shortest, most innovative way to digital production until today.

• www.factor-e.eu

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