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HOW DATA ANALYTICS AND VISUALIZATION DRIVES OPERATIONAL EFFICIENCY

HOW DATA ANALYTICS AND VISUALIZATION DRIVES OPERATIONAL EFFICIENCY

HOW DATA ANALYTICS AND VISUALIZATION DRIVES OPERATIONAL EFFICIENCY

Product catalog summary
Introduction
The document discusses how data analytics and visualization enhance operational efficiency in industrial settings. It highlights the transition from traditional automation systems to advanced data-driven approaches, emphasizing the role of IoT and data visualization in modern manufacturing.

Current State of Data Utilization
Despite the abundance of data collected in factories, less than 1% is used effectively. Traditional systems focus on current and historical data, but the industry seeks new digital transformations to improve productivity. The integration of IoT and advanced sensors is seen as the next step in industrial evolution.

Challenges with Traditional Data Handling
Historically, businesses lacked real-time data, leading to reactive problem-solving. Maintenance was scheduled rather than condition-based, resulting in inefficiencies and unexpected downtimes. Designers also lacked insights into product usage, affecting future product development.

Benefits of IoT and Predictive Maintenance
IoT enables condition-based maintenance, reducing unplanned downtimes and costs. Real-time data from sensors allows for early problem detection and automatic repairs, enhancing reliability and customer satisfaction. Digital twins facilitate remote monitoring and upgrades, optimizing production and usage cycles.

Data Overload and Analysis Challenges
The proliferation of IoT devices generates vast amounts of data, overwhelming analysis capabilities. Most manufacturers use only a small fraction of available data due to its unstructured nature and departmental silos. Real-time data analysis is crucial to avoid latency and maximize data value.

Role of Data Visualization
Data visualization simplifies complex data, making it accessible and actionable across organizations. It helps identify correlations and solutions, breaking down silos and enhancing decision-making. Automated visualization reduces latency, enabling immediate action and predictive analytics to mitigate risks and costs.

Conclusion
Data analytics and visualization are essential for modern industrial operations, providing real-time insights and facilitating proactive management. By leveraging these tools, companies can enhance efficiency, reduce costs, and improve product development and maintenance strategies.
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Catalog excerpts

HOW DATA ANALYTICS AND VISUALIZATION DRIVES OPERATIONAL EFFICIENCY-1

HOW DATA ANALYTICS AND VISUALIZATION DRIVES OPERATIONAL EFFICIENCY In many factories, digitization has primarily focused on efficiently operating the plant. Automation systems including PLC and HMI / SCADA systems control and provide a window into the automation equipment, and historical and traditional databases are used as a basis for production reporting. These systems focus largely on the current state (i.e., “What is happening?”) and on the historical view (i.e., “What already happened?”). This worked well for many years and drove significant improvements in industrial productivity as they became ubiquitous in most automated or semi-automated factories. The incremental benefit of these systems has largely been realized, and industry is searching for the next big digital transformation to drive further productivity. Less than 1% of the data collected is being used productively today, for a variety of reasons. The data is often not structured well for extracting insights for the different groups involved. OEMs want to understand how their products are being used, to drive future product releases based on customer experiences. Operators and supervisors in the factory want to understand how different parts of the manufacturing process relate to each other to optimize the overall plant operation. With the strong industry-wide focus on Digital Transformation and new products embracing the Internet of Things (IoT), we see the next major industrial transformation is already under way. Advanced sensors are being built into devices to collect data required to generate new insights, not just for purely operational purposes. Now, individual components of the assembly line can be automatically fine-tuned to work together precisely, performance in the field improves dramatically and economically through predictive maintenance that catches and remedies problems at the earliest stage. Designers can collaborate on upgrades based on actual usage. How Data Analytics and Visualization Drives Operational Efficien

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However, the massive amount of real-time data that IoT devices yield can be overwhelming—a single jet engine with 5,000 sensors generates up to 10 GB of data per second. This creates new problems: how can manufacturers analyze data rapidly enough to use it, and how can people without data analysis skills understand and make use of it? Overall, the majority of manufacturers only use between 1 and 5% of their data. Data visualization of the industrial IoT data and analytic results is the answer. It creates easy-to-understand and actionable graphic displays that can be used and shared throughout...

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Much of this data isn’t structured, is cluttered and disorganized, or is siloed in different departments, so people who all need it can’t share access. Functional leaders lack complete access to data they need for critical decisions. They often must look to multiple sources that don’t always communicate with each other. Also, not everyone in your company who needs this data to do their job more efficiently and/or make better decisions has analytical skills to make sense of it. Perhaps most importantly, if data isn’t analyzed almost immediately, latency reduces its value—it becomes just another...

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