TECHGuru

Manufacturing analytics market is a statistical tool which performs rule-based analysis to improve business processes and production quality. Data analytics is into various other industrial domains which include banking, financial services and insurance (BFSI), e-commerce, among others. However, increasing pressures to reduce manufacturing cost, meet federal norms, supply-chain requirements, global competition, and improve operating income has seen high adoption of data analytics in manufacturing sector in recent past. Additionally, with manufacturing companies adopting process improvement programs which includes Lean Manufacturing, supervisory control and data acquisition system (SCADA), and Six Sigma has improved the adoption of manufacturing analytics.  Moreover, with huge data being generated from the networked industry equipment and automation systems i.e. industry internet of things (IIoT) has resulted in strong demand of analytics in manufacturing sector. Manufacturing anal...