The world of manufacturing has undergone massive changes since the start of the industrial revolution. Technological improvements have been the catalyst that has transformed simple mechanization into cyber physical machines. This expanse, known as the fourth industrial revolution (or Industry 4.0), has given rise to the Industrial Internet of Things (IIoT) – increasing connectivity and improving efficiency, all through data.
The benefits of Industry 4.0, whether it be IOT, Information Systems, or Automation; ultimately all comes down to two thing - better information and optimization. To utilize this data and information to its full potential, teams require better analytics and data science capabilities. This has proven to be extremely difficult, requiring a multidiscipline collaboration of data, technology, business, and statistical skills.
This presentation will walk through four initiatives manufacturers can undertake in order to increase operational productivity and boost understanding of their operations through data and analytics, ultimately gaining a competitive advantage and increasing their bottom line:
- Introduction to areas of application in data and analytics for manufacturing
- Establishing data and analytics strategies
- Setting up data and performance tracking
- Establishing key performance indicators
- Establishing a data drive culture
If you are interested in learning more about how data and analytics can boost your organizations results, then this is the session for you!