The $100 Million Secret Concealed Within Your Power Cords
New non-invasive IoT sensor from Elemental Machines transmits actionable utilization data from any powered object
Within the protective PVC coating of a power cord flow three wires that carry electrical current from a power source to its final destination. The wires themselves are aluminum or copper; their coatings, dyed according to the standards of their country. But in the lab, electricity isn’t the only powerful force flowing through the cord of a piece of equipment. For savvy LabOps leaders, another precious commodity has long flowed undetected: data.
Elemental Machines has invented a novel IoT sensor solution that draws utilization data from any powered object. Named Element U, the small, non-invasive device clips to the power cord to monitor the flow of electrical current within. The device transmits that data to the cloud, where artificial intelligence and machine learning compare its patterns to the usage patterns of 15,000 assets connected to the Elemental Machines platform. By intelligently separating signal from noise, the algorithms identify the signs of asset utilization and present actionable findings on equipment usage throughout the lab.
"The insights collected over 30 days of utilization monitoring led to $40,000in savings through a combination of decommissioning unused assets and reducing or eliminating unnecessary warranties and service plans."
THE IMPACT ON CUSTOMERS WHO TESTED THE BETA HAS BEEN SIGNIFICANT.
One such customer—a major pharmaceutical company—tracked the utilization of 20 laboratory assets on the Elemental Machines platform. The insights collected over 30 days of utilization monitoring led to $40,000 in savings through a combination of decommissioning unused assets and reducing or eliminating unnecessary warranties and service plans.
Extrapolated across a major pharmaceutical company’s 50,000assets, universal utilization tracking could identify $100 million in potential R&D savings for a single scientific organization.
“Elemental Machines’ universal asset utilization monitoring solutions have given LabOps teams visibility into their final remaining assets that weren’t connected to the cloud,” says Rob Pemberton, chief commercial officer at Elemental Machines. “Leading names in biotech have been able to confirm their suspicions regarding unused equipment, allowing them to free up lab space and cancel needless warranties and service plans.”
Element U is a simple sensor with widespread repercussions for LabOps pros. It’s also a long-awaited IoT solution for those pesky remaining assets still unconnected to the cloud, like centrifuges, liquid handlers, or cytometers.
Elemental Machines’ new utilization solution is a time- and budget-saving addition to their industry-leading universal LabOps data platform. In addition to lab-wide asset utilization data, the Elemental Machines platform unites asset temperature readings, ambient temperature, humidity, light, and pressure measurements, machine health insights, user workflow data, and custom alerts onto a single cloud-based dashboard accessible by anyone from anywhere.
WHO KNEW A SIMPLE POWER CORD COULD HAVE SO MUCH POWER?
For more information, and to request a free 30-day trial, visit elementalmachines.com/utilization.
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