Leveraging upon TCS’ industry experience and MIT’s scholarly research inputs this joint paper explores the field of data analytics and IoT analytics to provide insights on transforming the manufacturing Industry.
The manufacturers can use the insights from advanced analytics to add a new dimension to customer relationships through proactive services to end users, and also to increase Overall Equipment Effectiveness (OEE) and throughput. With our entry into the new age of manufacturing data analytics can provide “traditional” manufacturers with a powerful competitive edge and can help unlock new sources of revenue via direct monitoring of performance, quality and consumption. It is the time now to begin strategizing around the usage of analytics to deliver the biggest bang from the IoT buck.
Excerpt from the article
“The Manufacturing Industry will experience sweeping changes attributable to advances in technology and connectivity due to the Internet of Things. Precision monitoring of shop floor equipment will enhance the granularity of metrics (mean time between failure), enable preventive maintenance, decrease downtime and reduce energy use. By creating “digital twins” (3-D models that act as digital companions for physical systems), companies can detect variations in performance and modify production runs if product excellence is compromised.”
Download the article published in the MIT Sloan Management Review Spring 2016 edition to understand how the application of game-changing analytics to the surge of data flowing from connected products, connected processes and connected people—especially customers—is a priority.