Think Big Data is only used in business and marketing management? Think again.
The number of manufacturing companies using Big Data analysis is growing significantly, as the benefits of the approach are becoming much more apparent. Big Data analytics can be used to anticipate and calculate the outcome of various internal practices, allowing companies to tackle any production, management or distribution issues they have.
Discover three of the ways that manufacturing companies are using big data below.1
With the increase in globalization, a flagging economy and a customer demanding more by the day, manufacturers of all shapes and sizes are finding themselves a little stuck. The odd peak here and there when the industry is on the up are short and sweet, and manufacturers soon find themselves back where they started. Business Intelligence software for manufacturers is now becoming an answer to many of the industry’s questions.
Manufacturers are of course trying to work out what causes slumps in the industry
The UK manufacturing industry is slowly making its comeback, and it has been reported just this week to be enjoying one of its strongest growth periods in 22 years.
An article published on the BBC yesterday noted, “manufacturers have raised production in May to meet strong demand and growth continued at almost the same rate seen in April, matching economists’ expectations