Skip Navigation
close

Subscribe to Email Updates

Recent Stories

Impact of Changing Hardware on the Automotive Industry Part 4 of the ‘Intelligent Automotive Series’ Cyient
Impact of Changing Hardware on the Automotive Industry Part 4 of the ‘Intelligent Automotive Series’
​Software-Defined Automotive Cybersecurity: More Than in-Vehicle and Cloud Cyient
​Software-Defined Automotive Cybersecurity: More Than in-Vehicle and Cloud
The Future Is Software - Part 5 of the ‘Intelligent Automotive Series’ Cyient
The Future Is Software - Part 5 of the ‘Intelligent Automotive Series’
Technologies shaping the development of Off- Highway products - Part 1 of the 'Off-Highway Product Series' Cyient
Technologies shaping the development of Off- Highway products - Part 1 of the 'Off-Highway Product Series'
End of Life for ClickSoftware: Why Migrating to FSL Makes Sense for EOL ClickSoftware Users Cyient
End of Life for ClickSoftware: Why Migrating to FSL Makes Sense for EOL ClickSoftware Users
Kim Devlin-Allen Written by Kim Devlin-Allen, Read the recent blogs posts , press releases and news written by Kim Devlin Allen
on 15 Nov 2019

It’s often said “data is the new oil.”  However, like oil, it often starts in a crude form. Processing and refining data into more valuable information for decision-making is the secret to getting the best return on your digital transformation investment.

Why is information from data analytics important to manufacturers today (and tomorrow)?

Analytics bridges real-world inputs to real-world outputs leveraging the speed and power of the digital world to integrate more information, adapt to it, and evolve operations for better business outcomes.  Advancements in sensor technology, connectivity, communications networks, and the cloud mean that manufacturers can tackle challenges that previously were either too complex to scope, too costly and time-consuming, or lacked adequate information to root cause and validate.  Artificial intelligence, machine learning, and deep learning can not only help to more quickly and accurately identify patterns and trends from historical data, but they learn and adapt as new data comes in.  Analytics can merge previously disparate data from various business systems so your production line can get smarter based on your procurement system, and your procurement system can get smarter based on your quality system.  Although driving efficiencies, improving quality, and reducing costs are key benefits for smart factories today, the benefits emerging that will shape tomorrow are how the data can generate and grow new business opportunities.  IIoT-enabled products delivered to consumers and business customers can send data back to you, to help improve your product or service and open up new revenue streams never before explored, all backed by data.

 

What is the biggest myth or misunderstanding about data analytics?
Data scientists are trained to look for anomalies, identify trends, develop theories, and implement models and algorithms to get the best information from the data.  That sounds hard, and it is.  But what can be even harder is the work to explain the value of analytics and gain alignment to invest in the digital technologies and data science teams needed to realize the vision of Industry 4.0 and data analytics.  Often, especially in complex operations, the scope of work can feel overwhelming, setting expectations on outcomes and timeline can be difficult, questions and answers prove hard to articulate, and the journey requires extensive coordination between operations, IT, business units, and finance.  A phased approach and the involvement of one or more experienced eco-system partners can help companies achieve the incremental or end-to-end transformations that are manageable and get the investment support of leadership. 

Learn how Cyient can help accelerate your digital transformation with analytics-enabled solutions fueled by information.

SIA - Blog Banners - CES 2020 - 1160X200px - 1219 - 1[3]

 

Let Us Know What You Thought about this Post.

Put your Comment Below.

You may also like:

Innovation , Industrial & Heavy Equipment , Digital , Sustainability , Automotive & Off-highway , Automation , Data

Technologies shaping the development of Off- Highway products - Part 1 of the 'Off-Highway Product Series'

Off-highway equipment is the umbrella term used to describe the machinery most likely to be used off-road. The breadth o...

Technologies shaping the development of Off- Highway products - Part 1 of the 'Off-Highway Product Series' Cyient
Utilities , Digital , Mining , Automotive , Med Tech , A&D

Inflation Management by Design

Events in the last couple of weeks that will significantly impact the global economy caught my attention as they are lik...

Inflation Management by Design Cyient
Digital , Engineering and R&D

Inventory Management in I4.0 is an Engineering Issue, Not a Management One

On February 24, 2022, when Russian tanks rolled into Ukraine, it was not quite the final nail in the global supply chain...

Inventory Management in I4.0 is an Engineering Issue, Not a Management One Cyient

Talk to Us

Find out more about how you can maximize impact through our services and solutions.*

*Suppliers, job seekers, or alumni, please use the appropriate form.