Unlock valuable insights by turning simple data into smart data
The manufacturing industry includes not only the plant floor but also the warehouse, quality-material flow throughout the manufacturing process, and the product supply network. To achieve and maintain manufacturing excellence, one must have command and insight. Getting the right information to the right people at the right time results in making better decisions in every aspect of manufacturing to generate better brand value.
Forecasting future demand is difficult for manufacturers. They are often surfaced with challenges arising from miscalculations and wrong estimation. One such scenario is around the inabilities to predict the right quantities to be manufactured based on customer demands may dramatically impact sales. Besides that manufacturing industry is already facing a shortage of workers. This leads to lower sales, which further impacts the revenue. Manufacturers frequently struggle to identify potential leads. When it comes to implementing cutting-edge automated solutions, manufacturers appear to be quite laid back. This is also due to its traditional cultural values and thinking.
Manufacturers can now use innovative software programs and artificial intelligence to digitalize many methodologies which previously required human intervention. With a renewed emphasis on IoT and a heavy reliance on predictive maintenance, almost every surface will be transformed into a sensor for data collection, providing manufacturers with real-time insights. The ability to collect data from multiple sources through cutting-edge data technology can assist manufacturers to cut and cube data in ways that provide a comprehensive understanding of their business. This can help in building robust forecasting and planning models and develop a successful strategy to overcome the challenges. Data enables businesses to tailor their products and services to precisely what the customer desires. Big data is user-friendly, affordably priced, and adaptable enough to serve companies now and in the future.
MSRcosmos- An expert in Big data solutions. We aid manufacturing companies in strengthening their business predictability through our contextual big data solutions. Our proven experience working with various process and discrete manufacturing firms makes us the top preferred partner. We help manufacturers with the following business value
Ask for a free assessment of your data and analytics maturity by MSRcosmos. Contact us to help you design the roadmap to realize the full benefits of data analytics.