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It is often said that data is the new oil. As global competitive pressures continue to drive changes and higher expectations for manufacturing organizations, industrial analytics has a magnified role in proactively addressing the ever-demanding market needs. The actionable insights from the analytics are the fuel that can drive the optimization of industrial operations and production, the creation of new revenue streams and commercialization of new business models.
Given that enterprise DX projects take significant time and effort to implement and define the future direction of the business, it’s paramount that DX leaders do their due diligence to understand the unique capabilities of industrial analytics, the challenges of specific industry domains, and the landscape of the available solutions in the market before settling upon a solution to implement.