Manufacturing ‘ still at Industry 4.0 pilot stage ’ – SAP
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Manufacturing ‘ still at Industry 4.0 pilot stage ’ – SAP
A SAP-commissioned global supply chain survey shows that manufacturing chiefs recognise the need for Industry 4.0 technology to increase supply chain resiliency , but that many are yet to progress beyond the piloting stage .
It found that manufacturing leaders are more likely than those
ONLY
36 % HAVE DEPLOYED PREDICTIVE ANALYTICS in other functions to deploy intelligent technologies at scale to improve predictive analytics capabilities .
Predictive analytics is the use of algorithms , machine learning and data mining to analyse historical data and make predictions about future events or trends . It gives organisations insight into customer behaviour and market trends . This feeds moreinformed decisions , improves customer satisfaction , reduces risks and increases profitability .
Despite this , just 36 % of the 1,000 survey respondents said they have deployed predictive analytics in any part of their enterprise .