Technology

Connected Worker Platforms: How to Calculate ROI in Your Operation

Calculate ROI

Quite often, business owners, especially those of manufacturing industries, are baffled by slow results from digital transformation despite significant investments in ERP and MES systems.

This is traced to a gap in the concerned IT stack with a glaring absence of a platform for human workers. That shortcoming has now been addressed by Connected Worker Platforms (CWPs), which are supporting the enterprises by delivering substantial returns and transforming operations.

Unlike many systems operating in silos with limited potential to drive excellence, the Connected Worker (CW) systems work as a bridge that fills the gaps by integrating all systems with a unified approach to yield the best productivity, safety, and communication.

CW Platforms: Bridging the Gap in Underperforming IT Systems

It is natural on the part of industries and companies to expect a boost in efficiency, productivity, and return on investment (ROI) from the investment made in critical IT segments. However, despite big investments in ERP and MES systems, managing human-centric workflows remains a challenge.

They find that ERP systems have faced struggles in managing the dynamic nature of shop floor operations because their user interfaces are optimized for office workers and not for the frontline workforce in the dynamic production environments.

Similarly, MES systems (manufacturing execution systems) are also not fully geared to treat human workers as dynamic participants in the production process.

Given the fact that manufacturing processes require human judgment and adaptation, the ERP and MES systems get control only of automated processes, and the glaring gap shows up in process documentation and optimization.

The limitations of traditional workarounds, using spreadsheets, paper-based systems, and standalone applications, only help to get over short-term needs. This causes data silos, compliance risks, and recurring inefficiencies despite investing in ERP, MES, and other systems.

Huge Jump In ROI From Connected Worker Platforms

On the other hand, investment made on the Connected Worker Platform offers results that go beyond cost reduction with ROI exceeding all expectations. For example, even a mid-sized manufacturing facility will generate an ROI almost seven to 10 times within six months with benefits spread across many operational areas.

The high ROI is credited to the IT cost reduction, productivity improvements, quality enhancements, and resource optimization coming from the efficient functioning of the connected worker platforms.

How To Calculate ROI For Connected Worker Platforms

To find out the return on investment (ROI) of a Connected Worker Platform, you can use this formula:

ROI (%) = (Net Benefit (Gains- Cost)/ Total Investment) x 100

 Identify Gains (Benefits)

  • Time saved by workers and increased productivity
  • Fewer mistakes and less rework
  • Lower costs from safety or compliance issues
  • Better efficiency from connected systems

 Identify Costs

  • Software subscription fees
  • Devices like tablets, phones, or wearables
  • Training and setup costs
  • Ongoing maintenance and support

Benefits Of Choosing The Best CW Solution

Among the array of connected worker platforms, the one by Innovapptive is unique. The key attraction is that it can function in offline mode as well and is very easy to install.

According to user feedback, it is more than a software suite but a viable linkage between technology and the human workforce. The way it unlocks information, makes complex tasks simple, and enhances collaboration while keeping the worker at the focal point has been widely appreciated.

For the business and industry eager to adopt it, there is a bonanza in waiting, such as higher ROI, efficiency, reduced errors, and an uptick in morale and motivation for the frontline workforce. The digital solution with CWs expands guidance, training, and work that conforms to the required standards and compliance norms.

Wrapping Up

Connected Worker Platforms help workers do their jobs better, save time, reduce mistakes, and give a good return on investment. They also make work easier and improve overall efficiency in the company.

Why Innovapptive

Innovapptive provides AI-powered Connected Worker solutions for frontline operations. Its Connected Worker Platform connects employees, assets, and back-office systems to improve safety, efficiency, and compliance. Trusted worldwide, Innovapptive helps enterprises reduce downtime, increase productivity, and digitize workflows with intelligent automation and SAP integration.

Global organizations leverage Innovapptive to streamline workflows, reduce unplanned downtime, and empower their workforce with intelligent automation. With seamless SAP integration, the platform bridges the long-standing gap between field operations and back-office functions, enabling enterprises to create a truly connected workplace.

Comments
To Top

Pin It on Pinterest

Share This