Across the entire value chain, manufacturing organisations are under constant pressure to innovate products and services. To remain competitive, greater customer intimacy must be established, and more must be achieved with less resources. This is no easy feat.
The Internet of Things and Industry 4.0 have brought about helpful developments in manufacturing. These complex trends, when harnessed correctly, are making the modern plant more efficient, productive and aware of the data required to perform better.
How Can Data Drive Efficiency?
- Connectivity and sensors enable product and production
- Accompanied by data rich services
- With faster innovation driving shorter product lifecycles
As traditional boundaries continue to disappear, and markets become increasingly globalised, the digital supply chain is creating organisations that can compete anywhere in the world, from any location. This allows for source, make and delivery processes that are adapted to compete globally.
It Doesn’t Stop at Manufacturing
Once products leave the factory, the innovation cannot end. Products must continue to evolve even after leaving the factory to stay ahead of the competition. This is achieved through:
- Service updates
- Feature editions
- Product accessorising
These innovations are driven by:
- Machine data
- Customer usage
- Social media feedback
It’ all about the data. With reliable information at hand, in an understandable and accessible format, companies can make better business decisions based on real business data. Every business holds the information they need to operate more efficiently, if only they accessed it effectively.
The Role of Data in Today’s Manufacturing
Modern manufacturers often experience information overload. They are drowning in complex data, which continues to stream in unabated, daily. Analytics is highly effective in helping manufacturers to see the whole story. Without a full, birds-eye view it is incredibly difficult to convert challenges into opportunities – or to know when to seize these opportunities for maximum effect.
“In our experience, people are smart and naturally assess what they are presented. This increases when the person is involved in filtering, navigating and extending visualisations. Academia have shown how to present complex data, and Qlik has enabled the business user to move beyond modern visualisation into a collaborative analysis playground where they can be truly involved in uncovering value in data,” confirms Adam Barrie-Smith, Cape Town Branch Manager & Expert Services Lead, SA Qlik Master Reseller.
To make this a reality, visual analytics (like those offered by SA Qlik) must be utilised. Why?
- Allows users to reveal hidden insights in complex data with speed
- Offers supply chain visualisation, effectively managing products that generate big data
- Drive efficiency with greater access to reliable, accurate, and real-time information
- Associative model reveals data patterns, which aids in the identification of:
- Root causes
- Sales opportunities
- Product and service innovation prospects
- Governed self-service capabilities enable the enterprise with:
- Quality assured data
- Standardised KPIs
- The ability for business users to take the power of their data into their own hands
The Benefits of Visual Analytics for Manufacturing
With a shorter time to value, manufacturers can create insight into their businesses instead of wasting time on static reports. With an understandable dashboard, complex data is presented in a simplified way without losing the power of the insights. This empowers management to make better decisions, faster and leads to the efficient management of global operations, driving millions in value.