Company rides twin tailwinds of increased demand for US precision manufacturing and the need for automation to alleviate labor challenges
NASHUA, NEW HAMPSHIRE – February 15, 2022 – Datanomix, the leading automated production intelligence platform for precision manufacturers, today announced the company experienced record growth in FY2021 ending January 31, with Annual Recurring Revenue (ARR) more than tripling since FY2020. Market acceptance for the company’s solutions has increased as US manufacturers boost production while simultaneously dealing with challenges in hiring and retaining employees. The Datanomix platform helps identify and address factory performance issues in real-time and supports unattended operations with automated insights.
Like most industries, US manufacturers are suffering through some of the worst labor shortages in decades, with some industry analysts forecasting that up to 2.1 million manufacturing positions will be left unfilled by 2030. Datanomix delivers actionable insights that help manufacturers address labor deficits through better communications and performance for both manned and unmanned factory shifts. And by allowing production supervisors to laser-focus on work cells that need attention, Datanomix helps identify areas where operator training will result in a more intelligent workforce, armed with the exact data they need to affect change.
“Not only has the adoption of the Datanomix platform accelerated, but our 100% customer retention rate is extremely satisfying,” said John Joseph, CEO and co-founder of Datanomix. “Many of our customers are expanding their Datanomix coverage to more machines in facilities across the country, giving them a comprehensive view of all their operations. Our continued success speaks not only to our exceptional product-market fit, but also to the tremendous effort we put into our customers’ success. Our focus on the customer is how we will continue to thrive in 2022.”
“Many of our customers are expanding their Datanomix coverage to more machines in facilities across the country, giving them a comprehensive view of all their operations. Our continued success speaks not only to our exceptional product-market fit, but also the tremendous effort we put into our customers’ success”John Joseph, CEO & Co-Founder, Datanomix
Highlights for Datanomix in FY2021 include:
- Annual Recurring Revenue (ARR) grew more than 300%, with the average deal size tripling from the first half of the year to the second half.
- 100% customer retention, with more than 20% of customers expanding their Datanomix machine deployments, both in their existing facilities and additional factories
- Datanomix tripled the number of employees across all functions – engineering, sales, customer success, and marketing.
- A strategic partnership announcement with Caron Engineering will provide solutions to help manufacturers proactively optimize whole-factory performance and profitability.
- A diverse range of new customers across a variety of industries, including medical, aerospace, firearms, automotive, and semiconductors.
Major product updates and new product introductions in 2021:
- Quote Calibration Report: an in-depth analysis of every job and an indication if you are making a profit or if there is an opportunity for improvement.
- Continuous Improvement Hub: a new management workflow that consolidates key performance indicators for factory health into a single dashboard.
- Digital GEMBA: a new product that accelerates mission-critical information directly from ERP systems to become a factory communication hub.
“Our customers continue to be our biggest source of inspiration and insight as we improve and expand our product offerings,” stated Greg McHale, CTO and co-founder of Datanomix. “Manufacturers know their business inside and out, and are looking for ways to get solid data to help them fine-tune operations and increase profits. It’s an incredibly challenging time for manufacturers, and the organizations that will thrive are those that embrace automation and advanced analytics. We’re proud to be able to support our customers with the most in-depth insights into real-time operations as well as overall factory performance trends.”
“Our customers continue to be our biggest source of inspiration and insight as we improve and expand our product offerings”Greg McHale, CTO & Co-Founder, Datanomix
Datanomix delivers massive business impact for its customers. When they connect their CNC machines to Datanomix, precision manufacturers experience a 15% productivity boost in parts output, along with an average improvement in cycle time of 27%. In addition, there’s an almost 12% reduction in time-to-first part across shifts, and the time-to-resolution for most issues is cut in half. And when TVs are installed on the factory floor so everyone sees progress in real-time, there is a 33.5% boost in overall factory performance and utilization.
Visit the Datanomix online resources center to explore blog posts, customer stories, news, videos, and more. Recent content includes a blog post from John Joseph—2021 Was Great. 2022 Looks Even Better—and a think piece from Greg McHale—The Fatal Flaws of First-Generation Production Monitoring. To see Datanomix in action, please visit www.datanomix.io/schedule-a-demo/.
Datanomix delivers Automated Production Intelligence for discrete manufacturers with No Operator Input™ required. Its core product set includes its flagship Production Monitoring system, along with Digital GEMBA Boards, and Condition Monitoring systems. Based in New Hampshire, Datanomix exists to provide manufacturers with out-of-the-box reports and workflows that align with the way manufacturing people already work, without the need for manual data crunching or workflow disruption.
Lisa Saunders, Director of Marketing Communications, Datanomix