Machine Downtime Level
2 July 2021
Machine Downtime Level measures the extent to which an operational process is available and running.
Machine Downtime Level = (TA t / PPT t) x 100
PPT t is the Planned Productive Time that a machine should be available in a given time period t.
TA t is the actual productive time that a machine has been available in a given time period t.
This indicator is included in the book: Key Performance Indicators – the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
A Short History Of ChatGPT: How We Got To Where We Are Today
Picture an AI that truly speaks your language — and not just your words and syntax. Imagine an AI that understands context, nuance, and even humor.[...]
Hustle GPT: Can You Really Run A Business Just Using ChatGPT?
When a new technology emerges, it doesn't usually take long before people start looking for ways to make money – and generative AI has proven to be no exception.[...]
20+ Amazing (And Free) Data Sources Anyone Can Use To Build AIs
When we talk about artificial intelligence (AI) in business and society today, what we really mean is machine learning (ML).[...]
How Will The Metaverse Really Affect Business?
The metaverse is no longer just a buzzword – it's the future of business, and the possibilities are limitless. From creating value in virtual economies to transforming the way we work [...]
The Danger Of AI Content Farms
Using artificial intelligence (AI) to write content and news reports is nothing new at this stage.[...]
5 Bad ChatGPT Mistakes You Must Avoid
Generative AI applications like ChatGPT and Stable Diffusion are incredibly useful tools that can help us with many day-to-day tasks. Many of us have already found that when used effectively, they can make us more efficient, productive, and creative.[...]
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content