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Award-winning startup Haris Digital helps Hungarian industry for free

Innovation

With Haris Digital's award-winning IoT solution, any manufacturer can achieve a 20-30% increase in overall equipment effectiveness (OEE), which is much needed as orders continue to grow. The startup is now providing the system free of charge to 20 of its customers, but as founder Péter Perecz pointed out, unfortunately their resources do not allow it, but they could streamline the entire domestic industry, which would not only increase the profitability of companies but also reduce the environmental burden.

During the pandemic, many domestic industries were struggling due to a lack of orders, but now that the economy is recovering from the virus, Haris Digital is using digitalization to help domestic industries restart even faster. In a free 6-week program, their IoT solution, which has won a prestigious award in the US, will help assess the extent, cost, and exact causes of production inefficiency losses and provide suggestions for improvement. After identifying the problems, they will then be able to deliver new increased order volumes faster, with greater efficiency, higher profitability, and fewer daily headaches.

Free access to the Haris Digital system for 20 industry players

"The first 20 clients will be offered the 6-week survey free of charge, the deadline for application is 23 July. We would love to make our system available to the whole domestic industry, but unfortunately, our resources do not allow it at the moment", Péter Perecz stressed. The founder of Haris Digital hopes that more and more companies will use their system, as it not only means immediate savings for the companies concerned, but also a direct proportional reduction in the environmental burden by increasing the efficiency of the machinery.

This is why the Haris Digital IoT system can be of great help

Based on first-quarter data, Hungarian industrial production appears to be returning to its pre-coronavirus growth trajectory, with Hungarian GDP up 2% in the first quarter of this year compared to the last three months of last year, according to detailed data released by the Hungarian Central Statistical Office. The domestic manufacturing industry is one of the drivers of this growth: orders have soared, demand for capacity is steadily increasing, and for manufacturing companies, the main priority is to serve customer orders as efficiently as possible, rather than cutting costs and resources, which is typical of the crisis.

At the same time, if industry players do not change their old ways and increase their overall equipment efficiency, they will not be able to service the increased order book at all or will only be able to do so with significant overtime. Surveys show that the average capacity utilization in this country is still far below the results of developed Western European manufacturing companies (53% vs. 88%). An important cornerstone for avoiding extra costs is the digitalization of production, providing plant managers with live monitoring and accurate analysis and evaluation. By digitizing machines, critical points and bottlenecks can be easily identified and immediate intervention is possible.

Haris Digital operates as a hybrid startup in the U.S. and at home

Haris Digital is a Hungarian startup founded in 2018 with a presence in Hungary and California. It has helped a significant number of clients digitize production in Hungary, the CEE region, the United States and India. With a solution that can be installed within 24 hours, they can accurately and precisely track production live, regardless of industry, helping their customers achieve up to 20-30% increase in OEE, or Overall Equipment Effectiveness. Haris Digital is a pioneer in the digitalization of industrial production, using IoT (Internet of Things) sensors and AI (Artificial Intelligence) based algorithms to measure machine production, converting machine vibrations and movements into instant digitally recorded information. Haris Digital has recently received another prestigious recognition, winning third place in its category at the SelectUSA Investment Summit. Júlia Sohajda, co-founder of venture capital fund Vespucci Partners, said: “We are especially pleased with the outstanding results of Poliloop and Haris Digital, as this validates the success of our hybrid model”.

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