“The ultimate purpose of collecting data is to provide a basis for action or a recommendation.” W. Edwards Deming
The words of the great Deming are truer than ever in the Industry 4.0 paradigm, where data is the biggest driving force behind the large scale digital transformation of companies, to become a more efficient, agile and resilient operation. While data has always been extremely important in manufacturing operations, what has changed in the last decade is the exponentially increased availability of raw data from the manufacturing process and the extended supply chain.
