Machine monitoring provides real-time data on machine tool performance, allowing companies to respond faster to issues, better understand utilization, and quote jobs more accurately. With improved data collection, manufacturers gain a more accurate view of processes to be more competitive and efficient. Through machine monitoring software, companies can link machines via the cloud to gain operational insights, as the software helps different machine types communicate through standards like MTConnect. Connecting machines in this way allows workers to determine flaws or inefficiencies in manufacturing processes.