Benefits
Working with Senseye now significantly reduces operational financial risk associated with the implementation of predictive maintenance, meaning machine reliability and Return on Investment (ROI) linked to a digital transformation project can be a certainty with Senseye ROI Lock®.
Guaranteed returns
Provides industrial companies with a low-risk and scalable digital transformation project focused on Predictive Maintenance. 100% ROI, minimum.
Partnering with the best
ROI Lock® is offered in partnership with SCOR (rated AA- from S&P and Fitch), the world’s fourth largest reinsurer.
Co-developed with SCOR
Over years of working with top global Fortune 500 companies, Senseye has consistently demonstrated significant reductions in unplanned downtime, with hundreds of millions of dollars of confirmed savings.
This attracted the attention of SCOR, which wanted to help accelerate the benefits of Industry 4.0 within the manufacturing and industrial sectors.
Inspired by talking with our customers who were able to detail their success stories, SCOR decided to partner with us, and together we are proud to offer Senseye ROI Lock®.
Axora verified
Axora’s ‘Verified for Short Term Payback’ initiative reviewed Senseye’s ROI Lock® profile - specifically, its short-term payback – and it was highlighted as a solution demonstrating hard cost savings that more than offset the cost of purchase and deployment, within a period of 12 months or less. The verification was supported by Axora reviewing multiple real case studies in order to determine authenticity.
They reviewed 3 separate customer case studies, and all achieved impressive paybacks in less than 12 months. In one global steel leader, the customer was able to leverage existing sensors, use their existing staff and reduce unplanned downtime by 20%. This resulted in 10x ROI and payback within 3 months. This payback was initially achieved across 50 assets and has since been expanded to over 1,000 assets.
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We applaud Senseye for its pioneering initiative, which has the potential to accelerate the adoption of predictive maintenance worldwide.
It is clear that manufacturing businesses of all sizes can benefit from adopting the right technologies, and this will play a big role in boosting productivity.
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This partnership is an exciting example of SCOR’s support for digital transformation and the expansion of insurability, in line with our “Quantum Leap” strategic plan. Our relationship with Senseye, which is accelerating the use of new technologies within the industrial sector, will deepen our experience with industrial IoT and help us to develop new products that meet the evolving risk needs of our clients.
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We’re delighted to verify Senseye as part of our ‘Short Term Payback’ initiative. Axora is confident, especially combining with its ROI guarantee, that Senseye can demonstrate strong payback profiles in a range of industries and scenarios.
What is covered?
- Senseye ROI Lock® applies for an initial 12-month period as part of Senseye PdM Complete subscription.
- The guarantee applies to a minimum of 50 assets and can be extended to an unlimited volume of assets.
- All sites within your Senseye PdM Complete subscription are covered and the ROI Lock® is between you and Senseye.
- The Senseye ROI Lock® is not a contract of insurance, regulated guarantee, or other specified investment in scope of UK financial services regulation, including (but not limited to) the Financial Services & Markets Act 2000 and Financial Services & Markets Act (Regulated Activities Order) 2001.
- Senseye is not (nor is it required to be) authorized and regulated by the Financial Conduct Authority to provide the Senseye ROI Lock®.
Resources: return on investment
The true cost of downtime report 2022: how much do leading manufacturers lose through inefficient maintenance?
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Smart Production Solutions 2022
