Category: Big Data
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3 Ways to Put Big Data to Work in Your Factory
Is enthusiasm for Big Data wavering? In 2015, McKinsey Global Institute claimed that the IIoT had the potential to create as much as $3.7 trillion in economic value in the global manufacturing sector by 2025. They also predicted that 80 to 100% of manufacturers will have implemented IIoT applications by then and already be reaping…
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Demand Driven Manufacturing in the Engineer-to-Order Space
Aligning Lean Manufacturing and Continuous Improvement Practices Demand-driven manufacturing (DDM) is an approach to manufacturing where production is based on actual demand rather than forecasts. DDM enables a synchronized, closed loop between customer orders, production scheduling and manufacturing execution – all while simultaneously coordinating the flow of materials and resources across the supply chain. The…
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If it’s Not Real Time Data, It’s Old Data
We have so much real-time data around us in our daily routines. A barista starts to prepare my order the moment that I purchase my daily coffee. I instantly know how close I am to the speed limit thanks to my car’s speedometer. And I see an accurate count down of the number of minutes…
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Three Ways to Use Big Data to Understand Your Customers
How effective marketers use customer intelligence data to build relationships Marketers have more connected data to work with these days– but many of us struggle to find a place to put it to use. The Internet of Things has delivered unprecedented visibility and connectivity between: Sales data (what leads yield results and why?) Customer data…
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Using Big Data to Tell Your Story
Three ways narrative can connect the dots between big data and your brand In a recent Forbes article, the writer describes Big Data as “a collection of data from traditional and digital sources inside and outside your company that represents a source for ongoing discovery and analysis.” I love this definition because it describes a…
