MANUFACTURING ANALYTICS: CATALYZE YOUR DIGITAL TRANSFORMATION

AS THE WORLD IS TRYING TO CRAWL OUT OF the new normal into the good old normal, many lessons have been learnt in the past few months as organizations continued to transform digitally. One clear trend that we observe is that the tightly weaving application of Analytics is on the rise; it has become a ubiquitous phenomenon across not just Manufacturing, but across domains today.

- SANJAY KALA

The manufacturing industry, while traditionally a laggard in modernizing and adopting analytical & digital technologies, is making nimble and steady progress in its journey today. The industry recognizes the role and value of analytics, particularly real-time analytics based on IoT (Internet of Things) as a catalyst to any digital transformation program.

Once enabled, Real-time analytics can assist to:

• Enable businesses to anticipate customer responses ahead of time

• Predict the behavior of machines for proactive maintenance and thus reduce downtime

• Systematically identify and remove defective raw materials to improve quality of production

• Adjust operating parameters to resolve errors, optimize asset performance to maximize throughput and minimize workforce burnout rate,

• Autotune and continuously adapt production in response to fluctuations in supply chains, distribution networks, and consumer demand so on.

With the right composition of analytics and IoT (aka AIoT), a few of the manufacturers in the process and discrete spectrum have made commendable progress in their digital transformation journeys. Many are already at different stages of evolution and are looking forward to executing a successful transformation in their enterprises.