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Home » Featured News » Harnessing Data-Driven Decision Making: The Power of the Digital Factory Model

Harnessing Data-Driven Decision Making: The Power of the Digital Factory Model

Glasgow Telegraph by Glasgow Telegraph
August 28, 2023
in Featured News
Reading Time: 5 mins read
Harnessing Data-Driven Decision Making: The Power of the Digital Factory Model
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In the age of Industry 4.0, the idea of a digital workplace is at the heart of the evolution of production. It is a way of making things where all the steps, from planning to production to delivery, are linked digitally. But why should businesses switch to this model, and what are the benefits of the digital factory over other ways of making things? Let’s find out.

  1. More productivity and efficiency

The most important thing about a digital workplace is that it can be automated and watched in real time. Processes that used to have to be overseen by hand can now be computerised, which leads to more regular results and less human mistake. Sensors and linked systems give real-time data, so changes can be made right away to keep working conditions at their best. This synchronisation makes people much more productive and makes sure things run more smoothly.

  1. More freedom of choice

In a standard factory, making changes to current product lines or adding new ones can take a lot of time and money. Because digital factories are built in a flexible and scalable way, they can change quickly to meet new needs. Whether it’s a change in what the market wants or the release of a new product, digital companies can quickly change direction to stay competitive.

  1. Better control of quality

In a digital workplace, quality control is not just a process at the end of the line; it is part of the whole manufacturing process. At every stage, advanced devices and data driven by AI check the quality of the product. Any problems are picked up right away, so fixes can be made right away. This not only makes sure the product is of better quality, but it also cuts down on waste caused by flaws.

  1. Making decisions based on data

Data is one of the most important parts of the digital business. Everything creates data, from the operations of the supply chain to the rate of output to the amount of energy used. Using complex analytics and AI to look at this data gives us useful insights. Managers can use real data to make smart choices, predict market trends, and improve processes.

  1. Less money spent on operations.

Setting up a digital workplace may take a lot of money at first, but it will save a lot of money in the long run. Processes that are automated, use energy efficiently, waste less, and make few mistakes lead to lower operating costs. Also, many digital workplaces have a feature called “predictive maintenance,” which makes sure that machines are repaired just in time to avoid costly breakdowns and downtime.

  1. Better management of the supply chain

Digital industries are not separate from the rest of the digital world; they are often a part of a larger digital environment. This is true for producers, transportation companies, and even end customers. With real-time data sharing, control of the supply chain can be more flexible and effective. All of the inventory amounts, delivery times, and production plans are optimised, which makes the supply chain run more smoothly.

  1. Less time to get to market

In today’s fast-paced market, it’s important to know how long it takes for a product to go from idea to customer. This time is cut down by a lot because digital companies can create and make things at the same time. Using digital twins, prototypes can be made, changes can be made in real time, and production can be scaled up or down based on predictions of demand. This makes sure that goods get to the market faster.

  1. Good for the environment

With its focus on speed and optimisation, the digital workplace often leads to less energy use. Also, since waste is kept to a minimum, there is less damage to the earth. Many digital factories also use green energy sources and practise sustainability, which makes them better for the world than traditional factories.

  1. Customising and making something unique

In a world where people want more and more customised goods, the digital workshop gives them what they want. With flexible production lines and data-driven insights, it’s possible to make customised goods without sacrificing speed. Digital companies can make whatever a customer wants, whether it’s a car with certain features or a tool in a certain colour.

  1. Safety and following rules

Safety is the most important thing in any factory. Augmented reality (AR) is used for teaching in digital workplaces to make sure that workers are well-prepared for their jobs. Real-time tracking and sensors can also find unsafe situations or practises and send out alerts right away. Compliance is easier to handle when all processes are recorded and can be checked online, especially in industries with strict rules.

In a nutshell:

The digital factory is more than just a term; it is the future of production. It claims to improve efficiency, quality, and responsiveness by combining technology with output. For companies, the benefits are clear: not only do digital factories save money and boost productivity, but they also give them an edge in a market where speed and flexibility are important.

Adopting a digital factory model isn’t easy, from the original investment to training to managing the change. But because there are so many perks and the way the industry is going, businesses that are looking to the future can’t ignore this change.

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