The evolution of new technologies, such as the Internet of Things (IoT), has launched the fourth industrial revolution, or Industry 4.0. A major aspect of Industry 4.0 is the shift from traditional facilities to smart factories. These smart factories are highly digitized and connected production facilities that integrate modern technologies such as AI, big data, IoT and robotics to boost efficiency and productivity. Mordor Intelligence forecasts The Industry 4.0 market to reach an estimated valuation of USD 267.01 billion by 2026, a testament to the importance that this revolution will play in the growth of the manufacturing industry.
To efficiently shift to smart factories and welcome Industry 4.0, companies need to work with and process huge amounts of data, a feat that might be daunting at first to accomplish. This is where data integration in manufacturing comes into play. Data integration is the process of consolidating data from multiple sources and multiple formats to provide users with an integrated view or perspective and has a lot of benefits to offer to the manufacturing industry. This article will take a look at just why data integration in manufacturing is essential.
Importance of Data Integration in Manufacturing
Here are a few benefits that come from adopting data integration in manufacturing.
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Free Flow of Information and Eliminating Data Silos
According to the McKinsey Global Institute, manufacturing is the most data-prolific industry there is, generating, on average, 1.9 petabytes of data every year. An astonishing amount of data originates from different disconnected sources, such as a CRM system, product tests and sales reports, and ends up being siloed and meaningless. This lack of structure in company data can lead to the creation of data bottlenecks which consequently can lead to erroneous strategic decisions. Moreover, siloed data is costly, as it needs to be stored, and is risky since it leads to partially misinformed decisions.
Data integration in manufacturing can help overcome this barrier. Intone Data Integrator, a state of the art data integration solution, can break down silos and bring together data from disparate sources. Intone Data Integrator also allows the free flow of information through each stage of the manufacturing cycle by interconnecting core systems through an integrated enterprise resource management (ERP), manufacturing execution system (MES), and product lifecycle management (PLM) platform, enabling companies to get better insights from their data.
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Edge Over Competition
A report by Forbes stated that manufacturing is one of three industries that place the highest priority on data integration today, which is why its pivotal for companies to adopt data integration to avoid falling behind the competition.
Organizations with an established data integration system, such as the Intone Data Integrator, enjoy several competitive advantages, ranging from increased operational efficiency due to the reduced need for manual transformation and combining data sets to enhanced data quality and better insights thanks to a holistic view of data.
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Better Collaboration with Partners
Increasing collaboration internally and between partners is a key factor that will ensure greater efficiency and overall profitability. This can easily be achieved by data integration in manufacturing, as simply automating the flow of information can have a positive impact on how you do business.
Intone Data Integrator can ensure that relevant stakeholders get hold of the data that they need when they need it. Whether it’s internal or external integration, your teams and stakeholders will be able to collaborate better, because they have more information at their disposal. This will ensure that your workforce has optimal communication with each other and that work flows smoothly.
Also read Data Integration in healthcare.
Why Choose Intone Data Integrator?
The advent of Industry 4.0 has made the integration of data a pivotal aspect for organizations to focus upon. Data integration in manufacturing is the only way companies can ride this wave of technological advancements into the novel industrial revolution.
Intone Data Integrator is a top-of-the-line data integration solution that can is tried and tested by industry experts and leaders alike. We offer,
- 600+ Data and Application connectors
- Generates knowledge graph for all data integrations done
- Centralized password management
- Supports unlimited heterogeneous data source combinations
- Data encryption at every stage
- Real-time, streaming & batch processing of data
- Eye-catching monitoring module that gives real-time updates
- Distributed In-memory operations.
- Lineage capturing at every data integration
- A no-code low-code platform.
Know more about RPA in banking and RPA in healthcare.
Image by Jonathan from Pixabay
Sources:
- https://www.forbes.com/sites/louiscolumbus/2020/03/29/the-state-of-enterprise-data-integration-2020/?sh=6ca555f9c466
- https://www.mckinsey.com/mgi/overview
- https://www.mordorintelligence.com/industry-reports/industry-4-0-market#:~:text=The%20industry%204.0%20market%20was,improve%20resilience%20to%20future%20pandemics.
- https://community.nasscom.in/communities/data-science-ai-community/data-integration-challenges-faced-manufacturers