TECHNOLOGY
" BCG research has shown that 67 % of manufacturers say that the importance of cost-reduction has increased during COVID-19 , but only 16 % would prioritize data and analytics to address the short-term cost reduction , as opposed to traditional process improvement , light automation etc "
DANIEL KÜPPER / STEPHAN BLOEMPOTT MANAGING DIRECTOR & PARTNER PROJECT LEADER AT BOSTON CONSULTING GROUP ( BCG )
1 | Productivity “ A continuous improvement journey that helps companies gain efficiencies , reduce costs and optimise operations . Within that it ' s also about improving your speed to market ,” comments Betti , who adds that “ this is where value is sitting today , when it comes to the future of data , data analytics , data sharing and collaboration in manufacturing .”
Applications to improve productivity Predictive quality , generative AI-driven product design , data-driven integrated sales and operations planning can help improve these [ Küpper and Bloempott ].
2 | Enhanced customer experience “ The concept of improved or better customer experiences by leveraging data , whether it ' s data coming from your products and the life cycle of your products or data coming from the usage that your customers have given to those products ,” continues Betti , “ this is really helping companies go to market with new customer experiences , which is extremely exciting .”
112 April 2021