Photizo Group Embraces Predictive Analytics to Improve Margins for Imaging Industry
Photizo Group announced today that it is using predictive analytics to provide clients with data-driven insights into the health and productivity of imaging machinery -- helping to improve operations and improve margins. To do this, Photizo selected the IBM Predictive Maintenance and Quality (PMQ) platform as the core technology engine to drive Photizo Group’s analytics practice.
As operational efficiency becomes key to improving margins in a hyper competitive industry, Photizo Group recognized the imperative to help clients improve margins. Predictive analytics allows companies to turn masses of device data into decision making insights to reduce service costs, optimize supplies fulfillment, and improve overall operational efficiency.
Predictive analytics and insights can deliver financial results for companies. Some examples include:
- In large fleet management situations, streamlined service operations and reduced maintenance costs of 25 percent or more,
- The reduction of commercial device downtime by just one percent can result in additional revenues between $90 and $350 thousand per year for each digital or analogue printing press1,
- Reducing the amount of wasted toner and additional shipping costs in managed fleet environments where currently, on average, an extra cartridge is shipped for every device on an annual basis.
According to Ed Crowley, Photizo Group CEO, “Photizo began investing in our predictive analytics capabilities in late 2014. We have built a strong team with the expertise in analytic techniques, the imaging industry, analytics technology, and big data. IBM Analytics is a logical choice for predictive analytics, given their depth and expertise in this technology space.”
With connected devices sharing data regularly, business-impacting insights becomes a resource that no organization can overlook. Predictive analytics can collect, organize, and leverage data, from multiple sources to predict behaviors and events. In leveraging predictive analytics and moving from a reactive to proactive decision-making model, imaging fleet managers are able to achieve greatly reduced service costs, and commercial printers are able to boost device uptimes.
Scott Hornbuckle, Photizo Group Predictive Analytics Practice Director, comments, “These opportunities present industry changing potential. As imaging organizations continue to experience declining profit margins and increased price pressure, operational efficiency solutions become the major driving growth strategy.”
Photizo Group will support clients with predictive analytics solution identification and development, deployment, and hosting. With deep-rooted industry insight, Photizo Group delivers the power of IBM Analytics, customized for imaging applications, driving targeted industry solutions.
Learn more about predictive analytics solutions today: www.photizogroup.com/predictive-analytics
1 Source: Spencer Lab Digital Color Laboratory, “Measuring Manufacturing Productivity”
About Photizo Group
Photizo Group is a leading market intelligence and consulting firm, with dedicated focus on the imaging industry. It is our sole mission to deliver the most deep-rooted and comprehensive imaging insight. We partner with clients, delivering unparalleled market intelligence and consulting services to help drive success in your organization and capitalize on emerging opportunity. Learn more at www.photizogroup.com