Barriers and Solutions to Surfacing Value from Data in Manufacturing
As remote sensors, connected devices, and software capture a myriad of data on the efficacy of processes and the value of assets, manufacturing professionals are struggling to make sense of what all the data is saying and how to use it to improve their systems. This issue comes at a time when the costs of energy, materials and labor continue to rise and efficiency is paramount.
We wanted to examine the issue and see how manufacturers can better utilize the data they are already collecting. We surveyed 500 mid-level manufacturing professionals across industries to examine data collection and value and to understand how to better utilize data for maximum value.
Key findings from Plutoshift’s report include:
- Nearly half (48%) of respondents said their companies use spreadsheets or other manual data entry documents
- Only 12% of respondents said they take action on their data insights automatically
- 76% of respondents said in order to take immediate action collected data, they need software solutions that analyze data in real-time