Are You Wasting Perfectly Good Data?

Friday 21 Feb 2020

 
Analytics have the potential to totally reconfigure the factory, but they must be utilized in every aspect of the enterprise, from labour deployment to supply chain management. There has been a lot of talk about the enormous potential and market opportunity for smart factories. Yet, for all the talk, the reality on the ground for a lot of enterprises in manufacturing is that their machines are not yet connected to any network. Before they can even talk about digitization and predictive maintenance, they need to first get connected.

There are many sectors in which this lack of connection has traditionally been a pain point (consumer packaged goods, for example), but other sectors, particularly oil, gas, and automotive, have had the ability to measure and monitor things through connectivity and sensors for a long time.

However, to date they have been using data and analytics primarily for engineering value and manufacturing KPIs. Enterprises need to start looking at data from the angle of its business impact⁠. For instance, how can data be utilized to minimize downtime? Analytics have the potential to totally reconfigure the factory, but they must be utilized across the enterprise, from labour deployment to supply chain management.

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Source: industryweek.com

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