Increasingly, Best-in-Class firms are combining IoT and advanced prescriptive analytics to make better decisions regarding assets, products, processes, and operations. The resulting insights and recommendations reduce asset downtime, increase product quality, and represent the foundational beginnings of the virtual factory.
A massive amount of data is generated from manufacturing assets and equipment. And while data is plentiful, operational, predictive and prescriptive recommendations are in short supply. To increase efficiency, Best-in-Class manufacturers are combining IoT and advanced analytics to improve their overall manufacturing..