6 Top Managed Analytics Services in Manufacturing
This blog explores the importance of managed analytics services in the manufacturing sector and highlights the top managed analytics service providers in the industry. The global manufacturing analytics market has experienced significant growth, with a projected value of $27.27 billion by 2027.
What is Data Analytics in the Manufacturing Industry?
The blog begins by explaining the role of data analytics in modern manufacturing, focusing on Industry 4.0. It emphasizes how analytics helps streamline various aspects of manufacturing, including production, quality control, warehousing, and distribution. The use of operational systems and machine data is highlighted for improving overall factory performance and achieving a higher return on investment.
Top Managed Analytics Service Providers in Manufacturing:
The following service providers are identified as leaders in offering managed analytics services for the manufacturing industry:
DataToBiz:
Alteryx Inc.:
LatentView Analytics:
Oracle Corporation:
Tredence:
Sisense:
What are Managed Analytics Services?
The blog defines managed analytics services as taking care of data collection, storage, cleaning, processing, analysis, and reporting on behalf of manufacturers. These services aim to provide real-time insights and reports to facilitate effective decision-making. The benefits of managed analytics services include automation of recurring tasks, increased productivity, risk reduction, access to the latest technology, and cost optimization.
What is an Analytics Service Provider?
An analytics service provider is described as an external team that assists enterprises in setting up data-driven models and providing real-time visualization reports. This partnership helps bridge the gap in building an in-house analytics team and offers expertise and technology to derive insights quickly.
Conclusion:
The blog concludes by emphasizing the importance of smart manufacturing for surviving in competitive markets. It encourages enterprises to choose the right managed analytics service provider that aligns with their business values and mission. The long-term partnership with a knowledgeable provider is highlighted as crucial for achieving better results in data-driven decision-making and predictive analytics.