Is your business leveraging all possible uptime? Are systems operating at full potential? How much power is lost during such procedures in the production of unusable waste? OEE is not a new idea, but it is a shifting objective. Several obstacles have pilled up on manufacturing lines with the introduction of Industry 4.0. As a result of these obstacles, a lot of innovations in plants have occurred, resulting in the adoption of new technology and idea to ensure their 100% OEE targets. Because the optimum output is critical in the era of industry 4.0, Overall Equipment Effectiveness (OEE) has evolved as the industry KPI or benchmark.
Overall Equipment Efficiency is determined by accessibility, performance, and reliability (OEE). A reduction in any of these three
criteria has a significant effect on this, and consequently on manufacturing costs. To improve OEE over time by maximizing equipment utilization- both in terms of the whole production process and the individuals who run the unit. The goal is to shorten setup time, correct errors, and raise performance standards. 
Challenges:
The entire capability of equipment is rarely used. Unexpected shutdowns, irregular stoppages, disruptions while machinery is functioning, malfunctioning parts, and an abnormal reject rate are the reasons. Considering machine usage, the outputs in regard to number and efficiency are often inadequate.
This has an impact not just on the manufacturing team via increased staff and product expenses, but also on huge stockroom logistics and the enterprise's overall key important. Implementing quality measures is frequently relied on intuitions, with no actual means to quantify overall efficacy. Overall Equipment Effectiveness (OEE) is a metric of equipment efficiency. To identify possibilities for operational optimizations and then implement necessary steps for improved equipment management and operations.
Solutions:
The OEE and downtime tracking systems aid in identifying loss reasons in the production context. The information or data can be evaluated and seen from several perspectives, making it easier to spot major interconnections. The research findings were gathered to aid in the development of well-founded prevention strategies.

Benefits:
→Organizational Visibility:  Evaluating overall efficiency includes KPIs for assets, staff, workflows, and operation & maintenance.
→Improved Maintenance Planning: With a planned and effective PM work schedule, using a schedule calendar helps eliminate idle time and overtime.
→Measure Performance: Monitor key performance indicators such as worker productivity, PM compliance, downtime, outstanding tickets, and SLA breaches.
Conclusion:
How much of a contribution can digitized solutions have to machine efficiency? The numbers below are gathered straight from industrial customers and show how digital solutions are increasing efficiency.
Manufacturers may save up to 15% of their CAPEX by extending asset life with digitalization.
Preventive maintenance and employee empowerment can reduce unscheduled downtime up to 70% quicker cycle time.
The overall alteration to switch, outage, and CAPEX can result in an overall OEE increase of up to 50%.