In today's ever-evolving business landscape, manufacturers are encountering a multitude of challenges, from economic fluctuations to shifts in customer demands.
Uncertainty has become the new norm, impacting various aspects of production. As manufacturers battle with rising raw material costs, supply chain disruptions, and the retirement of experienced staff, the need for innovative solutions has never been more pressing.
One powerful tool that can help businesses in the manufacturing industry not only navigate these challenges but also thrive in the face of uncertainty is data.
In this blog, we will explore how to use big data in manufacturing, to withstand a challenging climate, drive efficiency, and secure your future.
Embracing Digital Transformation
In an article published in October 2022, it was stated that around 80% of companies plan to increase digital adoption in the next two years. The aim: to help boost productivity by investing in new digital technologies.
While this statistic is promising, it also reveals that many companies are unsure of where to start. In fact, one in four businesses had no digital plans, and 26% were uncertain about implementation.
Amidst this uncertainty, manufacturers need to understand that embracing technology doesn't necessitate a complete overhaul of existing systems. New technology can often complement and enhance existing processes, minimising disruption. To achieve this, companies must adopt a holistic approach to assess where technology can unify manufacturing operations and streamline processes.