The key to sustaining a healthy and globally competitive manufacturing sector is making better use of data and analytics, according to an article on the Center for Data Innovation website. This so-called “smart manufacturing” could create $371 billion in net global value over the next four years, according to a 2014 estimate… Read More →
As manufacturers endeavor to create products for the global market, manufacturing processes are becoming increasingly complex and factory equipment more costly. Computer-integrated manufacturing systems are rapidly being equipped with sensors, controllers, and other embedded devices that are able to manage production, equipment maintenance, product quality, inventory and supply chain operations.
In the fickle and cyclical semiconductor industry, market trends and pricing are constantly shifting. NXP Semiconductors N.V., which develops electronics solutions for the connected car, cybersecurity, portable and wearable devices, and the Internet of Things (IoT), understands this all too well.
One of the greatest fears for manufacturing executives is the threat of a product glitch. Depending on the size and scope of a problem and the number of products or consumers affected, product recalls can mean billions of dollars in recall costs for manufacturers, not to mention legal and medical… Read More →
Companies that are focused on innovation typically have front-end processes in place such as ideation and tech scouting to help bring some structure to these efforts. However, companies often pay scant attention to post-launch innovation efforts to ensure that lessons have been learned and applied and to better align forecast… Read More →
For companies engaged in research and development (R&D) across different industries, from consumer packaged goods (CPG) to energy, data visualization offers terrific opportunities to identify new products that can be brought to market. It can also reveal advances that can make or break a product’s success. Identify Patterns Data visualization… Read More →
The manufacturing sector is rebounding from a slump prompted by the global recession. In fact, recent reports note that manufacturers are boosting production and building new plants. The Institute for Supply Management reported in April that factories in the United States posted the biggest production increases in March since the… Read More →
In a previous post, we described the second stage of the Analytics Maturity Model, “Diagnose,” which enables business leaders to visually interact and drill into their data to discover additional answers to questions that arose in the “Measure” stage. For example: Why did we have an increase or decrease in… Read More →
It’s an age-old problem in business. A mishap occurs, like a flawed batch of products that are produced due to an as-yet-unknown manufacturing glitch. Downtime to analyze and fix the malfunction could take hours or days, depending on the severity of the problem and whether defective manufacturing parts have to… Read More →
Manufacturers consistently face numerous risks related to protecting the operational integrity of their supply chains, including heat and vibration that can impact the operations of plant equipment and production systems to unforeseen glitches such as transportation problems, and natural disasters.