Whether you’re looking at your shop floor processes or the performance of your machines, data analysis helps you identify patterns and predict outcomes. If harnessed correctly, this information can positively affect your productivity and bottom line. Here’s what you need to know about using data to improve manufacturing efficiency.
It’s uncertain when the Fourth Industrial Revolution began, but most manufacturing experts agree it’s here and in full swing. While previous industrial revolutions brought us increased efficiency due to mechanization, electrical power and then electronics, “Industry 4.0” is all about data and digitalization. It’s about artificial intelligence and machine learning, virtual twins, augmented reality, computer simulation, cyber-physical systems and so much more.
A large chunk of Industry 4.0 revolves around—and is in part made possible by—its data-driven counterpart: the Industrial Internet of Things (IIoT). Just as consumers have embraced smartphones, smart cars and smart appliances over the past decade or so, manufacturers have begun using similarly smart technology, including machine tools, robots and software-based systems.
Use Cases for Data Analytics in Manufacturing
All these technologies generate massive amounts of data. Some call it “big data.” Whatever it’s called, it’s what you do with it that counts. Here are some good uses of this data in manufacturing:
- Analyzing a factory’s power consumption needs, which helps manufacturers identify inefficient equipment and reduce costs.
- Analyzing cutting tool life, which allows machine shops to improve their turning, milling and drilling operations.
- Analyzing the downtime on those same machine tools offers unprecedented views into the root causes of low OEE (overall equipment effectiveness).
The result of all this analytical effort is additional machine uptime, more predictable processes, improved part quality and less waste. Most importantly, big data and the IIoT are the great equalizers between countries with low manufacturing costs and everyone else on the planet.
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