Executive Briefings

Big Data Analytics Could Be Key to Improving Your Manufacturing

Harnessing data is crucial: Two-thirds of companies participating in a 2012 MIT Sloan survey said using analytics gave them a competitive edge. Most factories could use the boost.

Big Data Analytics Could Be Key to Improving Your Manufacturing

Manufacturing activity slowed throughout North America in August. According to the Institute for Supply Management (ISM), U.S. manufacturing activity fell to 51.1 from 52.7 the month prior. The reading is the worst in two years. In Canada, the RBC Purchasing Managers Index (PMI) fell to 49.4 from 50.8 in July. A score below 50 signals industrywide contraction.

In each market, factory managers are under renewed pressure to optimize processes and lower costs. Analytics tools could hold the key to finding areas of improvement. There are five metrics that may be worth studying as you implement Big Data in your factory.

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Manufacturing activity slowed throughout North America in August. According to the Institute for Supply Management (ISM), U.S. manufacturing activity fell to 51.1 from 52.7 the month prior. The reading is the worst in two years. In Canada, the RBC Purchasing Managers Index (PMI) fell to 49.4 from 50.8 in July. A score below 50 signals industrywide contraction.

In each market, factory managers are under renewed pressure to optimize processes and lower costs. Analytics tools could hold the key to finding areas of improvement. There are five metrics that may be worth studying as you implement Big Data in your factory.

Read Full Article

Big Data Analytics Could Be Key to Improving Your Manufacturing