TECHNOLOGY
80 % of executives consider data and advanced analytics important to improve
productivity
Overall , BCG estimates that data and analytics have the potential to reduce conversion
costs by up to
20 %
72 % of manufacturers state that the importance of data and analytics has increased over the last three years , and by now
more than
93 % of industrial companies have implemented at least one use case in the last few years . Despite this ,
only
39 % of all companies manage to scale applications beyond single value streams new skill set that combines digital skills with sector‐specific manufacturing know‐how ,” explain BCG and WEF . With technical infrastructure becoming increasingly complex , and more and more decisions are made by algorithms , “ it becomes more important for companies to have the data science skills to build applications and understand the insights generated by these algorithms ,” adds BCG and WEF .
By having the right combination of digital and manufacturing skills companies can translate insights into actions for factories and supply chains . When it comes to such
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