Manufacturing remains a critically important part of the world’s economic engine, but the roles it plays in advanced and developing economies has shifted dramatically. In developing countries, manufacturing operations deliver unprecedented new employment opportunities that are transforming societies.
Of course, manufacturing remains important as a job creator in the developed world too, but in more mature economies, manufacturers drive productivity and efficiency gains and innovation. Big Data is essential in achieving productivity and efficiency gains and uncovering new insights to drive innovation. With Big Data analytics, manufacturers can discover new information and identify patterns that enable them to improve processes, increase supply chain efficiency and identify variables that affect production.
Author: Rob Consoli