Manufacturing Magazine June 2015 | Page 17

THE FACTORY OF THE FUTURE processes or in other case sdrive step change in how we manufacture .
Recently there has been a move to buy analytics products but the reality is that manufacturers are not investing in data analysts and scientists needed to run advanced algorithms to apply the data from equipment running on the plant floor , which is stifling results .
As such , manufacturers are now considering what to do next . One option being considered is to look to outsource technologies and analytics to third parties in a joint venture , to quickly drive outcomes . Alternatively investing heavily in internally building up the whole infrastructure is required .

‘ There needs to be a shift to a more inclusive model where data is used across the business , in particular within manufacturing processes to save costs and increase efficiencies ’

Linking data across sales , marketing and manufacturing
Currently many CIO ’ s of manufacturing companies are dedicating significant amounts of time and money building ‘ big data ’ environments and initiatives that support sales and marketing functions , which are not directly linked to the plant floor .
There needs to be a shift to a more inclusive model where data is used across the business , in particular within manufacturing processes to
17