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June 2, 2021 | Sagi Reuven and Zac Elliott, Siemens Digital Industries SoftwareEstimated reading time: Less than a minute
IoT applications are gathering huge amounts of real-time, shop-floor data constantly but collecting data simply is not enough—it needs to be used intelligently. Analytics is the application of statistics and other mathematical tools to business data to assess and improve practices. In manufacturing, operations managers today are using analytics to dive deeply into historical process data, identifying patterns and relationships among discrete process steps and inputs and optimizing aspects that have the greatest effect on yield.
Manufacturers can use data to improve factory performance, product quality, and profitability. Each manufacturing operation is unique. Find the right path to the best solution for your factory.
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