The New Data Economy
Despite software-based models offering the opportunity to generate and analyze considerable amounts of data, manufacturing businesses do not appear to be capitalising on this opportunity yet. 47% of organizations do not generate data or do not access it when generated. A further 16% do not use data even if they have access to it. Encouragingly, manufacturing businesses seem to realize the potential that data holds, and are working on ways to take advantage. In five years’ time, 93% of manufacturing organizations will generate and be able to access data.
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