Manufacturers count upon big data analytics to pilot smart production

The new survey titled “Data’s Big Impact on Manufacturing: A Study of Executive Opinions” conducted by Honeywell questioned 200 manufacturing executives on the subject of IIOT and big data. They opined that most of the manufacturers plan to increase investments in big data analytics over the imminent years while hampering other technological investments. Honeywell’s demonstrated automation technologies and potentialities can permit manufacturing systems to connect to Industrial Internet of Things. Andrew Hird, vice president and general manager, HPS Digital Transformation says, “Executives need to keep their businesses running smoothly and safely, and they’re banking on IIoT technologies to help navigate challenges, even during cash-strapped times”. “For more than 40 years, Honeywell has provided leading automation technologies that help manufacturers meet those goals. The IIoT by Honeywell is the next step in that evolution”. An unbreakable pattern of market scenario: Unscheduled downtime was ranked as the top threat to maximizing revenue, but 42 percent of respondents admitted to running equipment harder than they should. When asked how often their companies experienced a list of issues in recent years, 71 percent of respondents said they experienced equipment breakdowns at least occasionally, while 64 percent said the same for unscheduled downtime. Hird says, “Run...