Manufacturing Analytics ROI White Paper
The Power of Manufacturing Analytics
In this paper, we will review what Manufacturing Analytics is, how it’s different than existing manufacturing software and how your company can use it to create a competitive advantage and dominate the market.
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Data Is King
Manufacturing is changing. US manufacturing jobs are being lost due to technology and automation. This trend is expected to continue because of the age of most manufacturing equipment in the US. Manufacturers will be changing out almost all of their equipment over the next 7 to 10 years. When this happens, more automation will be in place and more data will be generated.
Don’t Be Tricked by Marketers
A true Manufacturing Analytics application must do 4 things well to generate real ROI…
- Acquire Data
- Clean & Contextualize Data
- Calculate Manufacturing KPIs
- Produce Role Based Visualizations & Dashboards
This white paper will outline for to do all 4 and layout the mathematical formula necessary to generate ROI from a Manufacturing Analytics project.
Everything You Want To Know About Manufacturing Analytics & Modern Manufacturing Technology
What Are Manufacturing Analytics?
There are a lot of manufacturing software systems on the market today and it can be confusing when selecting the right tool to solve a specific problem. The problem with the standard, and most standards, is that most companies don’t fit the standard. The unique aspects of each company causes this model to collapse and requires software to cross these boundaries.
This White Paper outlines how manufacturing analytics are different than an ERP, SCADA, MES, BI, or other technology system. We also highlight how it should co-exist and improve the way these other technologies operate.
See Use Cases & Real-Life Examples
Manufacturing Analytics helps to solve three main issues:
- Identify causes of issues
- Unlock hidden capacity
- Monitoring that the first 2 actually worked and make sure those changes stick
This white paper reviews actual scenarios where a manufacturing analytics solution can help a manufacturing company.