The manufacturing industry is plagued with a variety of challenges such as complex production activities, legacy processes, large distributed supply chain. With new technology innovations surfacing day-by-day, it’s high time manufacturing companies start leveraging the power of data to gain the competitive edge.
To think about it, every manufacturing company has huge repositories of data within their premises, outside their firewall in social media and across their distributed supply chain. Often companies end up simply monitoring data without making any further use of it.
Here’s how each aspect of data is categorized for leverage:
- Data Integration – Identifying and connecting isolated data silos across the organization within the premises and outside the firewall, Mapping trends and patterns discovering new points to add focus on, combining all types of structured-unstructured data within a consolidated view to analyze and aid effective decision-making.
- Data Visualization & Reporting – After consolidating multiple data touchpoints, the next step is discovering unexpected insights with the granular approach, drilling down to key factors that impact production lines, quality and supply chain. With the help of the predictive analytics, companies can redefine corporate strategy and take better forecasting decisions.
- Digitalization – Tedious ERP’s, complex ETL processes, multiple systems across departments and data architecture that do not speak to each other i.e. do not pass data between systems are a common sight. With the help of cutting edge open source technologies, cloud computing and mobility, legacy systems can be migrated into a cost efficient, flexible framework to help align department goals with corporate strategy.
Capitalizing Big Data
To answer the question, the manufacturing industry should embrace data integration and visualization to take advantage of advanced technologies to tweak processes, improve yield, save time and reduce costs across supply chain.
We recently outlined various open source tools in our post – The Top Open Source tools for Big Data.
What are your thoughts on the technology innovations in the manufacturing sector? Share your views with us in the comments below.