Manufacturing: Big Data Benefits and Challenges



Manufacturing Big Data Benefits

Big Data Study - Manufacturing Big Data Benefits and Challenges

Manufacturing / operations and production managers believe the greatest Manufacturing Big Data Benefits are to detect product defects and boost quality, and to improve supply planning. Better detection of defects in the manufacturing/production processes is next on the list.

A $2 billion industrial manufacturer told us that analyzing sales trends to keep its manufacturing efficient was the main focus of its Big Data investments. The company’s products are largely engineered to order. Understanding the behavior of repeat customers is critical to delivering in a timely and profitable manner. Most of its profitability analysis is to make sure that the company has good contracts in place. The company says its adoption of analytics has facilitated its shift to lean manufacturing, and has helped it determine which products and processes should be scrapped.

They see far less opportunity in using Big Data for mass customization, simulating new manufacturing processes, and increasing energy efficiency.

___________________________________________________________

Exhibit IV-12: Areas of Greatest Benefits for Manufacturing / Operations

Q18-d: Degree Of Potential Benefits Big Data Could Generate – Manufacturing Mean Summary

Exhibit IV-12: Areas of Greatest Manufacturing Big Data Benefits | Q18-d: Degree Of Potential Benefits Big Data Could Generate - Manufacturing Mean Summary

___________________________________________________________

Manufacturing Big Data Challenges

So what holds them back the most from seizing these opportunities? At the top of the list (and we didn’t see this ranked as highly by most functional managers) was building strong levels of trust between the data scientists and themselves. Perhaps the quants have a harder time relating to managers on the factory floor than they do with other, more “white-collar” functions. Next on the list was figuring out what data to use for different business decisions.
___________________________________________________________

Exhibit IV-13: Greatest Big Data Challenges for Manufacturing/Production
Q-23: Greatest Challenges to GettingValue from Big Data: Mean Summary – Manufacturing

Exhibit IV-13: Greatest Big Data Challenges for Manufacturing/Production | Q-23: Greatest Challenges to GettingValue from Big Data: Mean Summary - Manufacturing



Big Data Study Findings: By Business Function
Read more topics in this section:


Home | Download Report | Big Data Services | Contact a Consultant Today

 



If you like this story, please share it


Before you comment:

We encourage conversation here on TCS Big Data Study. You can choose to start a discussion, ask questions and share your opinions. A few guidelines that we can all do with:

  • Do not impersonate another person; sign-in with your own credentials to comment.
  • While commenting, be considerate and respectful of your fellow posters.
  • Do not use defamatory, offensive or any other inappropriate language. Such comments will be removed.
  • Discuss, praise and criticize the idea/concept itself, not the people behind it.
  • Posting the same comment more than once shall be considered as spam and will be removed.
  • Please do not advertise or leave a hyperlink in the comment box.
  • If any comment is found to be unlawful, obscene, defamatory, abusive, hateful or embarrassing to any other person or entity as determined by TCS at its sole discretion, it will be removed and the user may be barred from commenting.

TCS reserves the right to refuse or remove any comment that does not comply with the above guidelines.