The Power of Historical Performance Data: Letting the Past Inform the Future   

Downtime tracking is important because it allows you to gain a clearer picture about what is going on with your production lines today, yes. It’s even helpful for anticipating what the future might hold before it gets here. But one of the biggest values it provides has nothing to do with the future, and has everything to do with the past. 

Historical performance data in terms of manufacturing equipment is something that people often overlook, but they shouldn’t – because there’s a treasure trove of valuable information just waiting to be uncovered within that data that is far too important to overlook. 

Why Historical Performance Data Matters 

Maybe the biggest reason why historical performance data is ultimately so critical has to do with the age-old saying “Rome wasn’t built in a day.” 

As you take meaningful steps to implement overall equipment effectiveness (OEE) across your business, it’s important for you to acknowledge that achieving maximum performance isn’t going to be as simple as flipping a light switch. It’s less the product of any one major move and is more about a series of smaller ones that all add up to something far more significant than they could be individually. 

That is to say, it’s going to take time to get to that ideal point and without historical performance data, you can never be truly sure that you’re moving in the right direction – or that you’re moving at all. 

Historical performance charts like the ones available as a part of Thrive’s dashboard lets you trend your equipment’s performance by days, weeks, months or even years. Not only can you get an instant look into your OEE improvements as they exist today, but with a few quick clicks you can also see how far you’ve come over the last week, or the last six months, or the last year if you prefer. 

It’s the perfect opportunity to watch the trend as you reduce downtime and increase efficiency, even during those frustrating periods where it may not seem like you’re making much headway at either one. You can see how changes you made six months ago are beginning to pay dividends in the form of quality improvements, or reduced periods of unplanned downtime. But more than that, you can follow those trends through to their logical conclusion – thus allowing you to get an idea of how the NEXT six months (or whichever period you prefer) is going to play out, too. 

With regards to historical performance data, another one of the most important age-old sayings to remember is “those who forget the mistakes of the past are doomed to repeat them.” With a robust downtime tracking solution like Thrive by your side that allows you to look both forward and backwards in equal measure, you’re putting yourself in an excellent position to make sure that you learn all the right lessons from “the mistakes of the past” and leave the risks associated with them in your rearview mirror where they belong. 

If you’d like to find out more information about the power of historical data and why understanding past performance is critical to future success, or if you’d just like to get answers to any other important questions you may have in a bit more detail, please don’t delay - contact Thrive today.