Join MxD and MxD member, MachineMetrics, to explore how both organizations are working with American manufacturers to better prepare their supply chains to respond rapidly and proactively to future supply chain disruptions, with an emphasis on the importance of democratizing manufacturing data. Data democratization is a tremendous challenge. If achieved, however, the opportunities for continuous improvement for all manufacturing life-cycle members will be far greater than ever before.
The democratization of manufacturing data will undoubtedly change the manufacturing landscape forever. It is estimated that 60% of global manufacturing companies will use connected device data for analysis in the coming year, which is evidence that IoT is already driving unprecedented disruption in a notoriously slow-adoption industry for technology. Access to Data can transform traditional manufacturing supply chains into dynamic, interconnected data systems that affect every stakeholder within the manufacturing lifecycle.
From small, medium and large manufacturers; operations, supply chain and IT leadership; operators and engineers; IT and OT system integrators; platform and software vendors; equipment builders; research, education and training, everyone stands to gain. Legacy business and operational structures that are siloed, vertical and compartmentalized will give way to horizontal, flexible and agile business opportunities more readily capable of being a part of a connected partnership ecosystem. A newfound ability to focus on what everyone does best will reveal opportunities for continuous improvement will be far greater than ever before.