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Novity is a new venture that uses sensors and algorithms to address unplanned downtime in industrial manufacturing.
March 11, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
PARC, a Xerox company, announced the launch of Novity, a new venture to commercialize predictive maintenance (PdM) technology that reduces unplanned downtime in industrial manufacturing operations. Unplanned downtime is a key pain point for manufacturers, with recent studies indicating that it costs industrial manufacturers an estimated $50 billion each year. The Novity solution is an Industrial Internet of Things (IIoT) technology that uses equipment sensors and proprietary algorithms to ...
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