Manufacturing Big Data Benefits
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
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
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