Real-time data analytics are transforming the manufacturing industry, according to an article from Manufacturing Business Technology. Systematically managing, mining and utilizing data can improve a plant’s processes, production and revenue, says the article’s author.
Data analytics technology can increase energy efficiency, according to the article, by helping plant managers better understand energy consumption, monitor excess or untimely consumption and prioritize specific retrofits. Data also help managers understand overall equipment performance, says the author. Access to real-time insights can also improve business performance by helping managers plan and prioritize maintenance activities.
Read the entire article here.