What is MATIX?

‍MATIX, a startup that originated as a spin-off from the Padua-based SME AzzurroDigitale, represents a cutting-edge solution designed to digitalize the management of industrial equipment such as molds. This solution integrates an advanced asset management software - MATIX EAM - and an IoT device, MATIX Box. The combination of these technologies enables the digitalization and automation of mold maintenance and management processes, collecting detailed data on tool usage and efficiency in a cloud platform. MATIX EAM is a DIGITAL MANUFACTURING TOOL MANAGEMENT Platform that simplifies the lifecycle management of molds by digitalizing maintenance processes and automating efficiency analysis. This platform enables centralized and transparent asset management, facilitating information access and improving collaboration among various actors in the production chain. MATIX Box, on the other hand, is a compact IoT sensor designed to be installed on molds independently. This device collects data on usage, production efficiency, and real-time location, transmitting this information to the cloud via the cellular network. MATIX Box uses a high-precision accelerometer to measure impacts and movements, ensuring reliable and accurate data collection.

Why MATIX is an Innovative Solution‍

MATIX stands out in the landscape of industrial tool management solutions for several reasons:

• Ease of Use: The EAM platform is designed to be user-friendly, making it easy for users to access information on molds and manage maintenance work orders. At the same time, sensor installation requires minimal time and steps.
• Advanced Preventive Maintenance: Thanks to real-time data collected by IoT sensors, MATIX enables effective maintenance planning, reducing the risks of unexpected interruptions and optimizing the efficiency of production assets.
• Production Optimization: Continuous data collection on mold usage allows for monitoring and improving production efficiency, enabling companies to quickly adapt their processes for optimal performance.
• Cutting-Edge Technology: The use of NB-IoT cellular connectivity ensures reliable and low-power data transmission, with device battery life extending for several years. This technology also guarantees global coverage and easy integration into existing production processes.

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Financial Support from the PR FESR Veneto 2021-2027 Call: Development of the EAM Platform

Our Enterprise Asset Management (EAM) platform has recently benefited from support provided by the PR FESR Veneto 2021-2027 Call, a regional program aimed at promoting growth and innovation in the local production fabric with a contribution of €117,507.57. This call was designed to contribute to creating a competitive, innovative, and sustainable production system, focusing on the digitalization of businesses, citizens, and the Public Administration (PA).

• PR FESR Veneto 2021-2027. DGR n. 492 of April 26, 2023 “Call for the consolidation of innovative startups” Action 1.1.3 - “Support for investments and research and innovation activities of SMEs” SUB B “Support for research and innovation activities of SMEs”.

Context and Objectives of the PR FESR Veneto Call

‍The PR Veneto FESR 2021-2027 emphasized several key objectives, including:

• Promoting Scientific Research and Innovation: Encouraging technological growth and the adoption of new technologies within companies, enabling the development of advanced products and services.
• Fostering Digitalization: Supporting the digital transformation of businesses, improving efficiency and competitiveness through the adoption of cutting-edge digital solutions.
• Supporting Technology Transfer: Facilitating collaboration between research organizations and companies, particularly innovative startups and Small and Medium Enterprises (SMEs), to stimulate the exchange of knowledge and skills.
• Developing New Skills: Training young researchers and professionals with advanced skills in research and innovation, thus promoting the inclusion of new qualified resources in the job market.
• Encouraging Sustainability and Decarbonization: Promoting projects that contribute to pollution reduction and sustainable resource management, protecting the region’s natural, landscape, and cultural assets.

Our EAM Project and the Call

‍Our EAM platform development project aligned perfectly with the objectives of the PR FESR Veneto Call. Thanks to the received funds, we were able to implement a series of improvements and new features that significantly enhanced our offering. These include:

• Integration of Advanced Technologies: We integrated technologies to improve corporate asset management, enabling more accurate predictive maintenance and optimized resource management.
• Digitalization of Processes: The digitalization of corporate processes was a crucial aspect of our project. We developed tools for digital document and operation management, reducing the need for manual interventions and improving operational efficiency.
• Focus on Sustainability: Our platform was designed with a strong focus on sustainability, contributing to decarbonization and efficient resource management.

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Benefits of an IoT-based EAM

What are the tangible benefits of an IoT-based EAM?

• Reduce Maintenance Costs: Predictive maintenance can reduce maintenance costs by 5-10% and decrease downtime by up to 50%. With IoT, it's possible to constantly monitor asset conditions and intervene preventively, avoiding costly repairs and optimizing resources.
• Increase Asset Lifespan: Asset lifespan can be extended by 20-40% with intelligent maintenance strategies. Continuous monitoring and data analysis enable targeted maintenance interventions, reducing wear and prolonging equipment life.
• Maximize Asset Utilization: Equipment utilization can be optimized by 3-5% thanks to real-time data and insights. Complete visibility into asset performance allows for more efficient management and better utilization of available resources.
• Minimize Downtime: Unplanned machine downtime can be reduced by 30-50% thanks to predictive analysis. Early identification of potential problems allows for scheduled maintenance before failures occur, ensuring continuous and smooth production.
• Increase Productivity: Companies using IoT see productivity increases of up to 15%. Improved operational efficiency and reduced downtime translate into higher production and more efficient operation management.
• Improve Quality and Safety: Production defects can be reduced by up to 20%. IoT enables more precise monitoring of production processes, ensuring higher product quality and safer working conditions for employees.
• Quick Return on Investment: A return on investment is expected within 12-24 months, with annual savings of up to 10%! Adopting an IoT-based CMMS not only improves operational efficiency but also offers significant economic returns in a short time.

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Results

Thanks to the support of the PR FESR Veneto 2021-2027 Call, we were able to develop an advanced EAM platform that offers numerous advantages to our customers. The new platform enables complete optimization of corporate resource management through various innovative features.

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Performance Management

With the new platform, customers can effectively manage performance thanks to automatic data on cycle counts, cycle times, downtime, and efficiency, available if the native MATIX Box is connected. Additionally, real-time location tracking is available via IoT, allowing for more precise asset management. Tools without an IoT device can be added to the database, with the possibility of manually entering data or connecting them to the ERP system.

Maintenance Management

The platform offers detailed maintenance management, including a complete list of components for each tool, the ability to set triggers and alarms for each component, activity descriptions, and the upload of documents and photos with instructions.

Document Storage

Regarding document management, the platform allows the upload of documents and photos, management of public and private documents, and offers dedicated accounts for suppliers to view or upload public documents and photos.

Tool Information

Each tool has a downloadable database, including commercial and technical data, and every modification made is tracked to ensure transparency and traceability.

Tool Status

The platform allows the creation of an unlimited number of tools, with the ability to track every modification. The tool status is always available to promptly check the reasons for downtime.

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Results Achieved by Our Clients

Our clients have reported significant improvements thanks to the new EAM platform:

• 20% reduction in production downtime caused by unscheduled maintenance.
• 12% reduction in extraordinary maintenance costs.
• 50% reduction in costs for audits, inspections, travel, data collection, and non-value-added activities.
• 20% reduction in production downtime caused by supplier delays.
• 10% reduction in production costs thanks to supplier performance visibility and supply chain optimization.

Conclusion

‍MATIX is redefining the landscape of industrial equipment management by offering an integrated solution that combines the power of cloud software with innovation in the field of connected IoT sensors. With significant advantages in terms of ease of use and speed of implementation, MATIX is the ideal choice for companies looking to improve the management of their production assets.MATIX’s commitment to the future is clear: to continue innovating and providing increasingly advanced solutions to meet the ever-evolving needs of businesses.