Today’s manufacturers are under pressure to shorten lead-times and reduce costs more than ever before and are increasingly adopting data-driven manufacturing to achieve these goals. However, it is not enough for manufacturers to just monitor machines to achieve maximum efficiency and profitability. They must also ensure shop floor data is collected automatically, and in real-time, and then must analyze and act appropriately upon the data collected. In this presentation, MEMEX will use actual case studies to discuss a strategy for monetizing real-time shop floor data that is rooted in a pragmatic repeatable approach, focused on the business case and expected outcome.
• Realize how easy it is to implement a data-driven manufacturing solution
• Understand the (5) steps to Success with data-driven manufacturing – Connect / Visualize / Analyze / Optimize / Monetize
• Identify continuous improvement opportunities to create the factory of the future
• Comprehend the value proposition data-driven manufacturing offers