The drive towards automation and data collection has continued at a breathtaking pace.   However a new challenge has emerged as companies struggle to manage this glut of information.  Having the data on every aspect of your company's performance means very little if leadership is unable to convert critical data into actionable improvements.

In a survey of business executives, 72% of respondents invested in new technologies during the pandemic. However, only 44% said that this modernization was providing them with additional actionable data, and 19% are not harnessing any data insights at all.

Are you using your data to get the best results?   Check out this month’s article below for helpful information, or contact us to learn more about how you can start optimizing your business and get back on a path of growth and success.

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Data Management for Industry 4.0

Over the decades many industries have experienced significant change as new technologies became available and evolved. One key to success is being among the first to recognize the potential of new technology, and adapt more quickly than your competitors. Today’s companies find themselves in the midst of a new phase that has been defined by its potential for extreme data saturation.

If you've been drowning in data, and feel like you're missing out on opportunities to effectively act on that data, you're not alone.  While a large percentage of surveyed manufacturing executives recognize the importance of effectively managing their data, 98% continue to use manual spreadsheets, even while taking steps toward digital transformation. 50% of respondents say they use these tools for "the majority" of processes.  (prnewswire.com).

Learn more in this month's article as we dive into the next phase of business evolution.