{"id":9292,"date":"2020-08-12T06:15:46","date_gmt":"2020-08-12T06:15:46","guid":{"rendered":"https:\/\/www.experfy.com\/blog\/?p=9292"},"modified":"2023-11-21T11:36:12","modified_gmt":"2023-11-21T11:36:12","slug":"manufacturers-need-to-maximise-the-competitive-opportunity-of-data","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/ai-ml\/manufacturers-need-to-maximise-the-competitive-opportunity-of-data\/","title":{"rendered":"Manufacturers Need To Maximise The Competitive Opportunity Of Data"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9292\" class=\"elementor elementor-9292\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-5013b3b5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5013b3b5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2eac90a7\" data-id=\"2eac90a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63943bfc elementor-widget elementor-widget-text-editor\" data-id=\"63943bfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>The emergence of technologies such as AI and machine learning, along with sophisticated analytics, offers opportunities for smart manufacturers to <a href=\"https:\/\/www.experfy.com\/blog\/why-digital-transformation-has-become-a-prerequisite-for-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">transform <\/a>their businesses radically \u2014 to create new product and service offerings while maximising the efficiency of supply chains and processes.<\/p>\n\n\n\n<p>Contemporary computing models \u2014 such as Cloud and, increasingly, Edge computing \u2014 release huge amounts of sensor- and device-related data, to help with decision-making.<\/p>\n\n\n\n<p>To succeed, however, companies need to be able to leverage this vast trove of data. In far too many cases, much of the data that is produced at the Edge is discarded, rather than transferred to a core environment for long-term storage.<\/p>\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4d53ac elementor-widget elementor-widget-text-editor\" data-id=\"d4d53ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>For now, at least, the sector is lagging many other industries when it comes to capturing this opportunity.<\/p>\n\n\n\n<p>That is a key finding in a report written by Seagate based on IDC\u2019s surveys, called\u00a0<em>ReThink Data: Put More of your Business Data to Work from Edge to Cloud<\/em>. That study, which surveyed 1500 global enterprises, delved into the performance of several sectors including manufacturing and revealed that the vast majority of data available to organisations simply goes unused.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit\u00a0<a href=\"https:\/\/www.seagate.com\/au\/en\/our-story\/rethink-data\/\" target=\"_blank\" rel=\"noreferrer noopener\">Seagate ReThink Data<\/a>\u00a0and download the report today<\/li>\n<\/ul>\n\n\n\n<p>Manufacturing, despite having one of the highest enterprise data centre footprints and high levels of instrument connectivity, is actually recording one of the lowest levels of data growth compared to other sectors. In part, this is because it is difficult to expand the capacity of all that on-premises infrastructure \u2014 especially when compared to scalable Cloud infrastructure more common in other sectors.<\/p>\n\n\n\n<p>The irony is that the methods, strategies, and processes that typically make manufacturers successful seem to stop on the shop floor. For an industry steeped in the heritage of automation and integration, evidence suggests that these lessons are lost when it comes to managing data.<\/p>\n\n\n\n<p>The authors of\u00a0<em>ReThink Data<\/em>\u00a0found that somewhat counterintuitively, manufacturing had the lowest level of task automation in data management and the lowest rate for full integration (single platform) of data management functions.\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7081327 elementor-widget elementor-widget-heading\" data-id=\"7081327\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Among the key findings of the report:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a39c6a6 elementor-widget elementor-widget-text-editor\" data-id=\"a39c6a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<ul class=\"wp-block-list\">\n<li>Manufacturing lags in both multi-Cloud and hybrid Cloud adoptions;<\/li>\n<li>Along with the telco and CDN\/media industries, it indicates below-average satisfaction with its data-management approach;<\/li>\n<li>Along with telco, respondents in manufacturing indicate low satisfaction with data-management tools;<\/li>\n<li>Manufacturing\u2019s greatest data-management challenge is storage management.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>The disconnect between assets and data management is not only inhibiting manufacturers from maximising the return from their current plant and equipment, it is also stifling innovation and opening up opportunities for more nimble and aggressive competitors to grab lucrative niches in the market.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e15c666 elementor-widget elementor-widget-heading\" data-id=\"e15c666\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><strong>So Why Does This Disconnect Exist?<\/strong><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4af5b21 elementor-widget elementor-widget-text-editor\" data-id=\"4af5b21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A study in 2018 by industry analyst IDC, looking into the integration of Information technology and operational technology, said that many assets on the factory floor remain disconnected.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>IDC\u00a0says\u00a0that this speaks to a strategic weakness around core enterprise architecture and infrastructure, with the researchers\u00a0explaining\u00a0that much current legacy infrastructure simply won\u2019t be able to cope with the inevitable growth of connected assets entering the plant.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The temptation for many companies will be to try to implement ad hoc processes to connect and manage assets, leaving them unable to rely on the underlying infrastructure for comprehensive management.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>IDC also found that, even for companies that want to solve these issues, there is another problem: their aging workforces were trained for a different era of manufacturing. Too many lack the hard and soft IT skills that are prerequisites for the shop floor of tomorrow.<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4df693c elementor-widget elementor-widget-heading\" data-id=\"4df693c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><strong>The Importance Of DataOps<\/strong><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac5bf1b elementor-widget elementor-widget-text-editor\" data-id=\"ac5bf1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p>As plant and equipment become more digitised, generating vastly more data, the successful manufacturers will be those who can connect the data creators (which can include people and machines) with the data consumers (such as C-Suite and general executives).\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It\u2019s a discipline in IT referred to as DataOps.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Seagate\u00a0argues\u00a0that DataOps should be part of every data-management strategy, which should also include data orchestration from endpoints to the core, data architecture, and data security.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The mission of DataOps is to provide managers with a holistic view of data and to enable users to access and derive the most value from data whether it is in motion or at rest.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>This is another area, however, where many manufacturers are lagging. The\u00a0<em>ReThink Data<\/em>\u00a0report reveals that less than a third of manufacturers indicated that they have fully or even partially implemented a DataOps capacity.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The development and deployment of this skillset need to accelerate if manufacturers are to remain at the crest of the competitive curve. DataOps capabilities are essential to leveraging emerging technologies such as AI and machine learning, and to correlate data from core, Cloud, and Edge data sources.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The work of DataOps teams allows data science and data analytics professionals to use technologies like AI to transform data into the information needed by decision-makers.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>And as the\u00a0<em>ReThink Data<\/em>\u00a0Report explains, \u201cBeing able to correlate data from disparate sources is a capability not easily available through other means. Because it is difficult, those organisations able to master it can expect to have an edge over the competition.\u201d<\/p>\n<!-- \/wp:paragraph -->\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed1898e elementor-widget elementor-widget-heading\" data-id=\"ed1898e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><strong>More Than Technology<\/strong><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01fc2a8 elementor-widget elementor-widget-text-editor\" data-id=\"01fc2a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!-- wp:paragraph -->\n<p>The authors of\u00a0<em>ReThink Data<\/em>\u00a0also make clear that DataOps is an important part of implementing the necessary cultural change required to implement new ways of working \u2014 by facilitating the sharing of data and breaking down organisational silos.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>To succeed, however, leaders still need to drive a strategy that implements global standards, global data architecture, and global data management and delivers access to the same analytical tools by global teams.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Seagate\u00a0says\u00a0that rolling back reporting functions to IT can provide global tools, capabilities, and solutions that every group can leverage.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\u201cThe various groups within the enterprise should get out of siloed management of their own data, and allow the IT-instituted tools to do that globally. In doing so, the teams will be freed to make decisions based on insights from reliable, global, accessible pools of data.\u201d<\/p>\n<!-- \/wp:paragraph -->\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The emergence of technologies such as AI and machine learning, along with sophisticated analytics, offers opportunities for smart manufacturers to transform their businesses radically. To succeed, however, companies need to leverage huge amounts of sensor- and device-related data. <\/p>\n","protected":false},"author":882,"featured_media":9293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[183],"tags":[205,536,537,535,534],"ppma_author":[3901],"class_list":["post-9292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-ml","tag-data","tag-devices","tag-leverage","tag-sensors","tag-smart-manufacturing"],"authors":[{"term_id":3901,"user_id":882,"is_guest":0,"slug":"andrew-birmingham","display_name":"Andrew Birmingham","avatar_url":"https:\/\/www.experfy.com\/blog\/wp-content\/uploads\/2020\/08\/Andrew-Birmingham-150x150.jpg","user_url":"https:\/\/which-50.com\/","last_name":"Birmingham","first_name":"Andrew","job_title":"","description":"Andrew Birmingham is Editor-in-chief and associate publisher at Which-50.com, Australia's leading digital intelligence business information service for C-Suite executives, strategists, founders and directors."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=9292"}],"version-history":[{"count":5,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9292\/revisions"}],"predecessor-version":[{"id":34222,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9292\/revisions\/34222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/9293"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=9292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=9292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=9292"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=9292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}