Today’s manufacturers are under pressure to shorten lead-times and reduce costs more than ever before and are increasingly adopting Data-Driven Manufacturing to achieve these goals. However, it is not enough for manufacturers to just monitor machines to achieve maximum efficiency and profitability. They must also ensure shop floor data is collected automatically, and in real-time, and then must analyze and act appropriately upon the data collected. In this presentation, MEMEX will use actual case studies to discuss a strategy for monetizing real-time shop floor data that is rooted in a pragmatic repeatable approach, focused on the business case and expected outcome.
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