DATA & ANALYTICS
“ Developing a data platform , or ‘ fabric ’, that connects the organisation ’ s systems on a hybrid cloud architecture is a key part of the data backbone that needs to be in place to enable a digital factory ”
JOSE FAVILLA DIRECTOR , GLOBAL INDUSTRIAL SECTOR , INDUSTRY 4.0 LEADER AT IBM technicians with the required skills and the availability of spare parts needed to perform the repair .
Undoubtedly , this technology is invaluable for the industrial sector with its ability to reduce the operational cost of waste management , improve sustainability credentials , and enhance safety measures - but manufacturers need to understand the technology to fully reap the benefits .
AI and IIoT : Business strategy and vision “ The impact of AI ’ s exploding digital power is being felt throughout the manufacturing world . More than just another technology , AI is fundamentally changing the way manufacturers can automate tasks with greater insights and sophistication by providing data analytics and manufacturing intelligence that can reveal trends , identify correlations , predict outcomes , and guide decisions ,” explained Kostov .
With the rapid uptake of this technology , particularly as it works with IIoT , throughout many sections of the manufacturing industry , manufacturers need to develop a comprehensive strategy and understanding of how it works to implement it effectively .
Noting what considerations manufacturers need to consider when adopting this technology , Favilla said : “ Manufacturing companies first need to be clear on their business vision and what they need to do to achieve it – whether that ’ s improving competitiveness , gaining market share , or creating new offerings . Then , they need to define which key enabling technologies they need to help them realise that vision .”
He continued : “ As they move ahead on that digitisation journey , it ’ s also important for businesses to understand where they are starting from . For example , do they have the foundational technology infrastructure
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