Turning Data into Insights - Driving Growth in the Manufactu

1. Turning Data Into Insights Is Deriving More Growth for Manufacturing Sector! Drive 200% more Results by Analyzing your Data Contact us: www.hitechbpo.com info@hitechbpo.com Published By :RiteshSanghani

2. What Good Data Management Does, to Manufactures? The internet of things is an extremely hyped concept. It refers to the building of smart machines that use sensors and enable connectivity between devices, however a far more pressing problem and an area in which smart connectivity can be used effectively is manufacturing engineering. Internet connectivity can help manufacturers manage those heaping data volumes generated each year. Now the question arises, that what good data management does, to manufacturers? Let’s understand from an example, where there lies the challenge for a manufacturer that can be resolved via effective data management. Email: info@hitechbpo.com Phone:+91-794-000-3251

3. Innovation, Competition and Productivity Gain by Data into Insights The Challenge: An auto parts manufacturer is pressed by the need to reduce defects in a critical machine part. The Conventional Approach For every component that was manufactured, a system was set up to check defects. As per this system a machine with sensors was used, and nearly 50,000 data points were measured for defect detection. Some other machines were also set up for capturing x-ray and heat treatment data. Now all this data was checked separately, and approved to be defect free. Despite this lengthy, costly and tedious process in place, defects in several machine parts went unnoticed. Email: info@hitechbpo.com Phone:+91-794-000-3251

4. How Defining the Data? What went Wrong? Here what went wrong was that, there was no method in place, to correlate the data. The sets of data were analyzed in seclusion. There was a need to identify the correlation between the heterogeneous data sets and analyze the information. Email: info@hitechbpo.com Phone:+91-794-000-3251

5. An Answer to this Problem: Transforming DRIP into DRIR Manufacturing companies data is data rich but information poor (DRIP), this needs to made information rich as well. There is a dire need to develop and implement data analytic, tools that can turn the manufacturing business data into insight. When the heterogeneous sets of data are correlated and studied by using data analytics tools the real problem becomes loud and clear. Instead of watching data in seclusion, it becomes possible to collect condition and analyze information and thoroughly understand the repercussions of one data set one process on the other. Often factory equipment’s generate real-time data. This data is either discarded after manufacturing processes that particular batch or stored un-examined. Email: info@hitechbpo.com Phone:+91-794-000-3251

6. How Turning Data into Actionable Insight can be an Unstructured Process? Manufacturers industry today is still at loss to understand how exactly to make optimized use of production data. Unlike the finance and marketing sector, where big data is effectively managed by combining data analytics/big data tools and cloud computing capabilities, the manufacturing industry still has to undergo a sea of transformation. However, the opportunities for this ‘transformation by going digital’, for the manufacturing sector are ample. One of the largest, but unfortunately un-digitized industry will soon go digital, and the manufacturing industry data generated will turn into insights to help the industry eliminate roadblocks like undetected defects and grow. Email: info@hitechbpo.com Phone:+91-794-000-3251

7. Contact us to Get Your Data Analyzed Email @ info@hitechbpo.com Phone: +91-794-000-3251 Website: www.hitechbpo.com