Industrial Data Symposium, brought to you by The Manufacturer, took place back in April this year and was the virtual version of the UK’s largest gathering of manufacturing data professionals.
Denton Clutterbuck and Mike Dwyer have provided insight into some of the common themes from the “Data Driven Intelligent Industry” roundtable discussions at the event, where Capgemini was the gold sponsor.
The pair share their key takeaways:
Companies today need to embrace digital transformation to remain competitive. In a fast-changing environment, demand can be volatile, customers expect customised product, and time to market pressures are high.
The adoption of digital technologies such as 5G, Edge computing, Artificial Intelligence (AI) and the Internet of Things (IoT), has accelerated. As these technologies converge, every type of organisation can start to do business in a new and better way – with intelligent products, intelligent operations, and intelligent support and services, all enabled and powered by data. At Capgemini, we call this holistic combination ‘Intelligent Industry’.
At the recent Industrial Data Symposium, we hosted a roundtable discussion on this very topic, with a variety of attendees, from beverage brewing, automotive, steel makers, agriculture, aircraft manufacturers and beyond. Our groups engaged in a rich, diverse, and vibrant discussion around data driven Intelligent Industry, exploring how data can be used, managed and exploited to deliver the most business value, increased trust, supply chain resilience, reporting and governance.
The conversations exposed a key challenge in the understanding of digital transformation and what it really means to go on this journey, given some manufacturers are still working with paper records in various areas. This sparked discussion around the digitalisation of operations, democratisation of data and visualisation and insight through access to trusted data.
Together, we reflected that to make a great decision, we need just the right amount of data, at the right time and in the right format. Too much data leads to decision paralysis, too little data leads to us playing a hunch or reverting to experience.
Setting this up is a tough challenge but a critical journey for us all to explore. The discussion touched on Artificial Intelligence (AI) and Machine Learning, and how organisations use AI to understand and question their data. Despite advancements in some sectors with companies who are already using AI in their products and on their production lines – the truth is, human beings are still needed to add creative and differentiating value with support from digital augmentation and automation.
By putting digital inside everything, organisations can become insights-driven, from product development to manufacturing and operations, all powered by data at scale. At Capgemini, we combine business capability and deep technical knowledge to help solve these complex digital transformations.
To find out more, we invite you to visit our discovery centre for Intelligent Industry, to understand how data can be harnessed to foster innovation, improve supply chains, create new customer experiences and deliver new sources of value for organisations.
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Images courtesy of Capgemini