Tuesday, June 9, 2020

Manufacturing: Analytics unleashes productivity and profitability

CIO

Article published by mckinsey.com inAugust, 2017

Thanks to cheaper computational power and rapidly advancing analytics opportunities, process manufacturers can put data to work, gathering information from multiple data sources and taking advantage of machine learning models and visualization platforms to uncover new ways to optimize their processes from the sourcing of raw materials to the sale of their finished products.

Advanced analytics also help manufacturers solve previously impenetrable problems and reveal those that they never knew about, such as hidden bottlenecks or unprofitable production lines. 

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