This digital era has revolutionized how factories operate on a day-to-day basis. Factories have become more data-driven. It is data that decides the strategies of manufacturing. Every decision is taken by considering data and not my instincts. All these changes have made it important that factories deal with only quality data.
Collecting data on a real-time basis also helps to understand how the company is operating. This helps the management to make better decisions for the growth of the plant.
Everyone knows that data collection has numerous benefits for factories. However, there are less than 5% of machines are digitally monitored in the industry. Some companies are so irresponsible that they dispose of off as much as 99% of their data before it can be used for any productive decision-making. This is one of the most important reasons behind the failure of an organization.
If you are fearful that data collection is a costly process, then there are several ways you can cut this cost. Automated data collection and a reliable framework can help you collect quality information from the user. The information can be used for better decision-making in the organization