Intelligent manufacturing transformation can bring great changes, such as connecting the sales organization with field services. Moving to the cloud also provides benefits such as an intelligent supply chain and innovations enabled by connected products.
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After first emerging as the basis for the Bitcoin protocol, blockchain has since gained momentum as a way to digitize business processes that extend beyond the boundaries of a single organization. While digital currencies use the shared ledger to track transactions and balances, enterprises are coming together to use the ledger in a different way.
There is a lot more data in the world than can possibly be captured with even the most robust, cutting-edge technology. Edge computing and the Internet of Things (IoT) are just two examples of technologies increasing the volume of useful data.
In the world of manufacturing, the Industrial Internet of Things (IIoT) has come, and that means data. A loT of data. Smart machines, equipped with sensors, add to the large quantity of data already generated from quality systems, MES, ERP and other production systems.
Technology allows manufacturers to generate more data than traditional systems and users can digest. Predictive analytics, enabled by big data and cloud technologies, can take advantage of this data and provide new and unique insights into the health of manufacturing equipment and processes.