TECHNOLOGY
only by customer demand for sustainable products and packaging , but also the rising cost of energy and raw materials . But the global supply chain remains extremely inefficient . While manufacturing accounts for 50 % of the gross world product ( GWP ), 20 % of every dollar the sector spends is wasted . Put simply 10 % of everything made worldwide is lost to waste and inefficiencies . Predictive analytics can identify these inefficiencies , helping manufacturers to improve yield , uptime , and time to market , while boosting productivity significantly and helping manufacturers to achieve their carbon footprint goals .”
What will the future hold for predictive analytics ? Over the years , predictive analytics technology has rapidly improved , reaching a mature and simplified state where manufacturers “ do not necessarily need data scientists to walk our first steps in the direction of predictive analytics ,” says Beck .
124 December 2021