One of the most striking similarities between manufacturing and the high-octane world of Formula One is how both are trying to marry up the unstructured insights and ‘gut feelings’ of their respective experts with more structured telemetry and analytics.
'Black holes’ are a common supply chain problem, caused as much by disjointed systems as by lack of visibility into data, processes and workflows. That may not have been an issue historically, but in today’s fast-moving, demand-driven landscape, it could mean the difference between gaining market share and losing it.
A successful cloud adoption requires only a handful of key ingredients, addressing each of which mitigates much of the risk involved. Yet most cloud strategies are missing at least one of these factors, with many just paying lip service to the rest.
Those with the greatest supply chain agility, visibility and responsiveness secure a profound competitive advantage. However, ever-more demanding customers, a volatile global trading environment, new technologies and pressing concerns around sustainability make achieving such traits a challenge for almost every business.
Modern manufacturers (and Formula 1 race teams) need real-time insights right where the action is. But how do you gain data-centre level compute power without the time involved with sending information to be analysed and the results returned?
Nine companies based in the North West are the first in the country to benefit from a government programme designed to boost the country's productivity and growth through the adoption of digital technology.