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data analysisAn article from McKinsey & Company looks at how manufacturers taking advantage of advanced analytics can reduce process flaws, saving both time and money.

“Many global manufacturers in a range of industries and geographies now have an abundance of real-time shop-floor data and the capability to conduct such sophisticated statistical assessments. They are taking previously isolated data sets, aggregating them, and analyzing them to reveal important insights.”

Advanced analytics can not only improve existing processes but also show opportunities for further development.

“Even within manufacturing operations that are considered best in class, the use of advanced analytics may reveal further opportunities to increase yield.”

Read the full article here: How data analysis can improve manufacturing