Data Capture

Global manufacturing industries are gaining momentum with the arrival of Machine Learning to the production floors. Over and above the Automated machines and increased productivity, the production floors are still vulnerable to hazardous work conditions. It has hence become highly imperative that technological advancements in Manufacturing areas trickle down to address the compliance of the safety norms by the personnel as well.   

Today existence has never been more demanding for the manufacturing of industrial products. Various factors and developments are impacting the manufacturing sector globally. In spite of contending with various factors including macroeconomic and political instability, the industries also have to respond to an ever-changing class of emerging disruptive technologies–predictive analytics, additive manufacturing, and the Industrial Internet of Things.

One of the primary sector which handles data’s as crucial sources for the future generation is the Manufacturing sector. The industry decision-makers and small scale manufacturers also initiate them to devote more than $232 billion overall globally for an advanced automation solution for maintaining their data.

“Failing to Plan is Planning to Fail.” Production Planning and scheduling will provide maximum efficiency from machinery and shop floor worker. Having a solid plan with required inputs in place during the production - removes last minute chase, reduces stress, and increases productivity. Keeping too many increases handling issues, wastage, and damages. So production planning is not giving too much or too less – it’s about providing the right quantity “On-Demand.”

Let’s agree on the obvious: the world we live in now is more and more close-knitted through  digital transformation. It has succeeded in integrating every mundane and monotonous business models with productive  digital technologies. Smartphones’ arrival and the way they have simplified our everyday tasks are a well-known fact. Mobiles are more adaptive in touching every sphere of enterprises as they serve as the platform for various astounding applications.

Data, be it a small grain or in a voluminous amount is an integral part that defines the modern business domains. Excessive inbound information and its high velocity are baffling, and companies are seeking methods to utilize of these multi-directional data. But understanding the data, processing, extracting meaningful value from it, and communicating it in a beneficial way seems to be a bit trickier than what we imagine it to be.

Following the wake of the global financial crisis 2007-08, the business market was feared to have experienced an irrevocable blow. But it was the manufacturing industry that helped the economy to rebound to its steady state. The World Bank itself has acknowledged the “cyclical recovery of the global economy by manufacturing activity.”

If we were to name a persisting issue that seems unsolvable in business sectors, it is the issue of securing the business data. Cyberattacks are becoming more prevalent, endangering the security and safe transaction of data. So companies are now forced to resort to the necessary means to ensure data security.

Filing and archiving business documents should be one of the critical operational goals of an organization. Documenting the business records for future reference is advantageous as it provides greater visibility to the business operations.

The housing market is recovering from the global financial crisis in 2008. Statistics corroborate this fact. Statista.com has estimated that in 2017 alone 3.69 million home purchase loans were approved in the U.S and numbers are rising. Owning a home is becoming a reality for dreamers.