Data-based decisions

Data management and administration have emerged as one of the most valuable resources for businesses today. The ability to gain competitive advantages in the market largely depends on how these data are managed and transformed into useful information. Without a doubt, data has become the cornerstone of the modern economy.

Financial planning is one of the most important activities to ensure the smooth running of a business, and more so in the metal and sheet metal processing industry. There are many elements to take into account within this planning process, but it would be fair to say that preparing quotes is one of the most critical. The quote is like a map for a traveler - it marks the proposed route and, for a business to be managed effectively, this must be as close as possible to reality.

The tendency in today’s world is to manage in an increasingly intelligent way and, unsurprisingly, this affects the industrial environment, the plants and industrial facilities in which the real-time planning and optimization of productive processes is fundamental for a business’ competitiveness. In practice, this is made possible through the incorporation of Industrial Internet of Things (IIoT) systems that streamline business processes and significantly improve productivity. The "all connected" and "in time" production trend is now a reality, but this race towards innovation has its advantages and its disadvantages.