How Cloud based Data Analytics Benefit Manufacturing Companies
Did you know that the average manufacturing company generates approximately 1.6 terabytes of data each day? From machine performance metrics to supply chain information, this data can provide valuable insights into production processes and help companies optimize operations. However, the sheer volume of data can be overwhelming, making it difficult for manufacturers to extract meaningful insights. In recent times, however manufacturers are increasingly harnessing the power of the cloud, to unlock the full potential of their data and gain a competitive edge in a rapidly evolving industry. From predictive maintenance to real-time monitoring, cloud-based data analytics is revolutionizing the manufacturing industry in ways that were once unimaginable.
In this article, we'll explore how cloud-based data analytics can help manufacturing companies and highlight some of the key advantages of this technology. Whether you're a small business owner or a large-scale manufacturer, understanding the benefits of cloud-based data analytics is crucial for staying ahead of the curve and maximizing efficiency.
What is Cloud based Data Analytics?
Cloud based data analytics refers to the several layers of computing capabilities, including the underlying layer - cloud infrastructure, the operating system, and hardware layers required to host data and applications in the Cloud. The cloud analytics service runs data analysis and business intelligence operations in a public or private cloud.
Benefits of Cloud Based Data Analytics for Manufacturing
The core cloud capabilities benefit the deployment of the application in the Cloud. The cloud rental model helps your company's IT department drop all the capital costs associated with hardware and infrastructure and no longer provide or maintain expensive servers to host these applications. As a result, the pay-as-you-go model is adopted to power up and down the computing resources on demand.
Access Operational Data:
Subject matter experts (SMEs) leverage new analytics tools to gain more insight into their operational data and flexibility. If they want to analyze new data sources, such as operational and contextual data, analytics tools can help them enable better collaboration and real-time decision-making.
Many manufacturers want to use advanced cloud capabilities to improve product quality, predict optimal maintenance windows to prevent unplanned downtime, and for other purposes. Copying operational data to the Cloud makes it available for machine learning, enabling new analytics models to be explored without the risk of impacting the source production data or any existing applications relying on that data.
Break Data Silos:
Cloud-based analytics breaks down data silos so users can access and connect to data regardless of its source. Once those silos are connected to the Cloud, SMEs, and other users can scale up analytics to sites worldwide and create ways of viewing global operational reporting to ensure the best possible business impact is achieved.
It creates the ability to explore new types of analytics, such as making historical and near real-time process data available for machine learning.
Advantages of using a fully integrated cloud-based data analytics solution
Utilizing a fully integrated cloud-based data analytics solution offers numerous advantages for organizations. With cloud-based data analytics, businesses can gain actionable insights from vast amounts of information quickly and efficiently. A growing number of organizations are investing in cloud-based data and analytics, especially in functional areas such as finance and human resources, manufacturing, and operations.
Manufacturing leaders should overcome their hesitation to invest in cloud-based capabilities and address all inefficiencies more effectively. By leveraging cloud-based data analytics, manufacturers can pre-emptively discover and resolve challenges that prevent robust operational and financial performance.
Today, the cloud provides the most powerful and cost-effective route to building manufacturing operations that can deliver value to customers and drive profitable growth, even during periods of disruption.
With more than 20 years of experience in the technology industry and a proven track record in cloud solutions, Sensiple is a trusted partner for global manufacturing companies seeking innovation, transformation, and digitization to enable superior growth. We offer a wide range of cloud solutions to meet your specific business needs, whether you need solutions for RPA and supply chain optimization, digital engineering and manufacturing, or artificial intelligence and data-driven analytics.
Our solutions are tailored to fit your unique requirements, enabling you to prepare for the future and stay ahead of the competition. With Sensiple as your Cloud migration partner, you can expect exceptional service, unparalleled expertise, and results-driven solutions that deliver tangible business benefits.
