Manufacturing and the data conundrum: Too much? Too little? Or just right?, commissioned by Wipro, examines how manufacturers are using integrated data collection and analysis to improve production throughput, reduce costs and improve quality. The research is based on a survey of 50 C-suite executives from manufacturers in North America and Western Europe.
The survey shows that just 42% of respondents have what they consider to be a well-defined data-management strategy. However, 62% are not sure they have been able to keep up with the large volumes of data they collect, as it comes from too many sources and in a variety of formats and speeds.
The report also finds that while over 90% of manufacturers collect data from monitoring production processes, less than half have in place predictive data analytics, and less than 40% use data analysis to find solutions to production problems.
28. While every effort has been taken to verify the accuracy
of this information, The Economist Intelligence Unit
Ltd. cannot accept any responsibility or liability
for reliance by any person on this report or any of
the information, opinions or conclusions set out
in this report.
This report was commissioned by Wipro
About Wipro
Wipro Ltd (NYSE:WIT) is a leading information
technology, consulting and business process services
company that delivers solutions to enable its clients
to do business better. Wipro delivers winning business
outcomes through its deep industry experience
and a 360 degree view of “Business through
Technology”—helping clients create successful
and adaptive businesses. A company recognised
globally for its comprehensive portfolio of services, a
practitioner’s approach to delivering innovation, and
an organisation-wide commitment to sustainability,
Wipro has a workforce of over 140,000, serving
clients in 175+ cities across six continents. For more
information, please visit www.wipro.com
About Wipro Council for Industry Research (WCIR)
Wipro set up the Council for Industry Research,
comprising domain and technology experts from the
organisation, to address the needs of customers. It
specifically surveys innovative strategies that will
help customers gain competitive advantage in the
market. The Council, together with leading academic
institutions and industry bodies, studies market
trends that provide organisations a better insight
into IT and business strategies. For more information,
please visit www.wipro.com/insights/
29. LONDON
20 Cabot Square
London
E14 4QW
United Kingdom
Tel: (44.20) 7576 8000
Fax: (44.20) 7576 8500
E-mail: london@eiu.com
NEW YORK
750 Third Avenue
5th Floor
New York, NY 10017, US
Tel: (1.212) 554 0600
Fax: (1.212) 586 0248
E-mail: newyork@eiu.com
HONG KONG
6001, Central Plaza
18 Harbour Road
Wanchai
Hong Kong
Tel: (852) 2585 3888
Fax: (852) 2802 7638
E-mail: hongkong@eiu.com
GENEVA
Rue de l’Athénée 32
1206 Geneva
Switzerland
Tel: (41) 22 566 2470
Fax: (41) 22 346 9347
E-mail: geneva@eiu.com