The global market for Enterprise Manufacturing Intelligence is projected to reach US$5.2 billion by 2025, driven by the growing focus on improving manufacturing competitiveness against the backdrop of factors such as dynamic market environments, rapidly changing consumer needs and expectations, growing proficiency of competitors, cost pressures and disruptive rise of myriad technology options. The competitive load on the manufacturing sector is intensifying as the era of globalization creates boundary less business and trade transactions. In the face of low cost competition from China, manufacturing companies in North America, Europe and Southeast Asia are feeling the urgent need for improve their manufacturing competitiveness. And key in this regard is the use of business intelligence (BI) tools to assimilate data and generate insights that can improve production processes and productivity. Given that the manufacturing industry has inherently complex, multiple, convoluted operational processes and networks, efficient management and monitoring has always been a challenge. The emergence of Industrial Internet of Things (IIoT), better known as Industry 4.0, has further amplified this challenge and has pushing up the importance of manufacturing intelligence. Under this scenario it is important for companies to transform and adopt data-driven approaches by utilizing big data and data analysis tools. Read More…
