Companies in our industry are more conscious everyday about their need to digitally transform. However, they are facing the challenge of how it is to be adopted in their organization.
Article by Juan José Colás, Chief sales and Marketing Officer
The same questions are present: Is my company ready and sufficiently mature to make the necessary changes for digital transformation? What are the initial barriers and challenges we will face? Will we access quality data and will these data allow us to identify patterns that lead to better decision-making?
According to a report from Forbes Insights and consulting firm Ernst & Young, based on feedback from 1,500 executives from large corporations worldwide, 66% of companies with a well-defined analytics strategy improve their operation margins and profits by more than 15%.
Regardless of the degree of digitalization of a plant, it is imperative to have data on each of its processes to have a clear vision that enables better decision-making.
For the data to be useful, it will be necessary to count on a well-defined selection criterion and quality data. Data Analytics will then be critical to enable future-looking decision-making processes.
In this process, aided by specific software and other technology tools, management will be able to make the best decisions at all times in terms of production schedules, maintenance, processes, inventory management, and prevention of potential scenarios that could delay production and hence correct these issues.
There is no excuse for our industry, and every company in it, not to adopt the digital transformation and take a step forward.
Ultimately, the crux of the matter is to optimize plant production in order to mass-produce customized parts without increasing costs and while also boosting productivity, that’s why using Industry 4.0 enabling technologies is vital. We’re talking about both the sensorization of plants with Internet of Things (IoT) technology and advanced software developed using Artificial Intelligence and Machine Learning hosted in Cloud environments.
Humans have been manufacturing goods for centuries. What began as people making tools for personal survival has turned into highly automated processes producing consumer goods on a global scale. Now that we’ve become efficient in manufacturing at scale, the market is demanding customized products. This changes the way we think about processes throughout the manufacturing facility and leads to tremendous innovations in manufacturing technology. Here are some questions and answers surrounding the advantages of such technologies.
It’s the new manufacturing paradigm developed thanks to the possibilities offered by connectivity and the cloud. An increasing number of companies are offering their software associated with Cloud Manufacturing, such as ERP, CRM, MES.
