The manufacturing industry, while traditionally a laggard in modernizing and adopting analytical & digital technologies, is making nimble and steady progress in its journey today. The industry recognizes the role and value of analytics, particularly real-time analytics based on IoT (Internet of Things) as a catalyst to any digital transformation program.
Once enabled, Real-time analytics can assist to:
• Enable businesses to anticipate customer responses ahead of time
• Predict the behavior of machines for proactive maintenance and thus reduce downtime
• Systematically identify and remove defective raw materials to improve quality of production
• Adjust operating parameters to resolve errors, optimize asset performance to maximize throughput and minimize workforce burnout rate,
• Autotune and continuously adapt production in response to fluctuations in supply chains, distribution networks, and consumer demand so on.
With the right composition of analytics and IoT (aka AIoT), a few of the manufacturers in the process and discrete spectrum have made commendable progress in their digital transformation journeys. Many are already at different stages of evolution and are looking forward to executing a successful transformation in their enterprises.
This story is from the July 2021 edition of Manufacturing Today.
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This story is from the July 2021 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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