Data-based decisions

When we talk about the Digital Smart Factory we mean intelligent and advanced manufacturing supported by digitization and the interconnection of processes and machines to collect and process data. It involves the participation of all the departments of a plant, from production planning to remote maintenance, including system integration or data analytics.

The Covid-19 pandemic has shown us the importance of making decisions that are based on objective and accurate data. The reliability and quality of said data is fundamental and we must know exactly which data to use in order to justify decisions and add value. But we can’t just use any old data.

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.