Strategies for Profitable Smart Factory Implementation of Big Data Analytics
There are two types of business assets: tangible and intangible. Your largest set of tangible assets is a major line item in your financials: plant, property and equipment (PPE), which includes test equipment. These days, the abundant data coming from that test equipment is among your largest intangible assets. Such data delivers tremendous value because it can tell you what's actually happening inside your operations if you choose to listen to it. A few example use cases will illustrate what your data can tell you when data analytics (DA) converts it into actionable insights around key performance indicators (KPIs) such as yield, quality, throughput, utilization, and cost.
Exploring four specific examples
- Reduce warranty returns
- Improve MTBF
- Accelerate test throughput -Improve quality and yield
- Taking the next step