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Impact of Industrial Analytics
Industrial manufacturing businesses thrive in the market due to executive decisions at the top, which in turn need to be based on plant-level and operational decisions at the ground floor. While plant engineers, line supervisors, and plant managers interact with their shop floor equipment on a daily basis, they need visibility into the operational state to meet or exceed their business performance KPIs, and abstract actionable insights to their immediate management.
Without a doubt, industrial analytics has a huge role to play in generating these insights at the device, equipment, line, plant, and enterprise level. Digital transformation leaders may recognize the value that industrial analytics implementations could bring to their organizations but need to start with pragmatic use cases that they could get started with—or expand upon later. These use cases form a solid foundation for engaging stakeholders, establish a common vision for change, and co-create organization value for positive change. In this article, we will explore some proven, high-impact use cases that industrial organizations can benefit from.