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How to get from Data to Decisions (Knowledge-based)
Why Manufacturing, Energy and Utilities Enterprises should get “Smart”
Data-Driven Connectivity and Efficiency are the game changers
The advent of technologies like 5G has significantly enhanced the connectivity of devices within the manufacturing, the energy but also the utilities sector. This connectivity is not just about faster communication but about creating an ecosystem where devices can autonomously detect, predict, and respond to anomalies. The data generated from these interconnected devices allows for near real-time monitoring of energy usage and infrastructure, enabling both companies and households to optimize energy consumption, reduce costs, and minimize environmental impact.
The proliferation of network-connected devices, especially in smart homes, has made it easier to gather detailed and actionable data. This data is crucial for managing energy usage, anticipating maintenance needs, and improving the efficiency of energy grids. For example, the use of 5G-enabled sensors in residential areas provides real-time insights into power outages and energy consumption patterns, allowing for more efficient management of energy distribution.
Informed Decision-Making Through Near Real-Time Data
It is all about high-quality of data. The integration of smart technology provides organizations with access to high-quality, real-time data that was previously unattainable. This data is invaluable for making more informed business decisions that maximize return on investment (ROI), wisely invest in the sustainability of the organization and drive organizational success.
With the ability to predict and prevent issues before they arise, data-driven technologies help companies identify weak points in their production processes and their underpinning infrastructure. This predictive capability not only prevents costly downtime but also enhances the reliability and resilience of production assets.
Enhanced Safety and Risk Management:
The data generated by smart technologies also plays a crucial role in enhancing worker safety. Connected worker solutions, wearable sensors, and digital twins provide detailed data on environmental conditions and equipment performance, allowing companies to better assess risks and protect their employees. For example, remote monitoring of workers in hazardous environments is made possible through data collected by wearable sensors, reducing the need for physical presence in dangerous situations.
Technologies such as digital twins, VR simulations and drones utilize data to perform remote inspections and monitor assets without putting human workers at risk. This not only enhances safety but also improves the efficiency and accuracy of asset management.
Supporting Sustainability Goals with Data Insights:
Sustainability Through Data: As global enterprises increasingly align with sustainability initiatives, the role of data becomes even more critical. IoT and AI analytics help companies to monitor and manage their energy consumption, providing insights that are essential for achieving carbon neutrality. For example, solutions from our Partner A1 can track where energy resources are being consumed most intensively, enabling companies to make data-driven decisions to reduce their carbon footprint, such as investing in renewable energy sources like wind or solar power.
By providing detailed insights into energy usage and emissions, smart technology supports the decarbonization. We all need to turn around the one way development of the planet into conditions that future generations would not appreciate. This data-driven approach helps companies, communities and cities alike, not only meet regulatory requirements but also achieve their long-term sustainability goals.
Unified Data for Strategic Decision-Making:
Access to comprehensive, real-time data across the entire organization allows for a unified view of assets. This holistic perspective is crucial for making strategic decisions that enhance asset availability, optimize performance, and ultimately drive revenue growth. Smart technology enables companies to work smarter, not harder, by providing the data needed to identify inefficiencies and capitalize on opportunities for improvement. To leverage Data Assets, as consultants we help companies to implement data governance that is for their purpose by adopting best practices to their needs. We also use data modelling and other practices to foster standardization which is an important element in being effective in implementing any sustainability strategy, because we need to take the perspective of the complete supply chain if we would like to meet the sustainability goals set forth by regulators.
Addressing Challenges with Data-Focused Strategies:
The transition to data driven organization is not without its challenges, particularly in industries like manufacturing that often rely on legacy systems. However, by leveraging data to inform their strategies, companies can navigate these challenges more effectively. Educating the workforce to ensure usage of existing functionality and ensuring robust cybersecurity measures are critical steps in this process. By preparing for potential obstacles in the early stages, organizations can integrate smart technology in a way that minimizes disruption and maximizes benefits.
This is where our experience as transformation experts kicks in. We help identify the issues before they will have an impact, and we effectively advise what to do about it.
Please contact us to discuss how our field-proven consulting will make a difference for you and your company to gain strategic advantages in today’s fast changing business environment.
