Transforming Manufacturing Through Advance Analytics
These years have seen significant advances in data and analytics capabilities, resulting in many passages. Most progress has been made in a variety of ways, including. Development of more sophisticated algorithms, exponential growth in the amount of data available, and constant improvement in storage and computational power. The combination of these trends has disrupted business and fuelled rapid technological progress.
Many industries are very slow-moving regarding the technological change, especially digital and data transformations. One of many vital sectors of this type is manufacturing, which is generally resilient to change. Over the course of the three industrial revolutions, companies depended on a variety of energy sources, from water and steam to electricity and information technology, to run their businesses, operate their businesses, manufacture their products, and provide their services.
Manufacturing companies often face highly complex challenges like :
- Labour shortage
- Absence of data-driven process innovation
- Equipment maintenance
- Lack of information
- Interruptions in the supply chain
To solve the problems within the industry, the growing volume of data they generate, and advanced tools and techniques are being leveraged by organizations to transform their business. For example, a tire manufacturing company is trying to improve the quality of the tires produced; using a heap of data and industry expertise, for further reading download our white paper.