Friday Aug 23, 2024
It's ALL about your data: How manufacturers can capture and extract value from data [(R)Evolutionizing Manufacturing]
Industry 4.0 enthusiast and thought leader Jeff Winter teamed up with Smart Industry's Scott Achelpohl for “the sequel” to their debut of SI's monthly manufacturing technology series, (R)Evolutionizing Manufacturing. While the premiere dealt with the ABCs of digital transformation, this episode covers an absolutely foundational concept that every company trying to transform must understand: It’s all about the data.
“All the cool new technologies and transformational initiatives you hear about revolve around properly capturing and extracting value from data,” as Jeff points out in this new episode.
And if a company doesn’t do this, it can cost millions a year; a lot of money is wasted on bad data. So much of it is being collected, so it’s critical to distinguish the good data from the bad.