Discrete manufacturing companies have long collected data generated by manufacturing execution systems (MESs), enterprise manufacturing intelligence (EMI) software, onsite factory equipment, parts inventories, and other sources. Now advanced analytics solutions, cloud-based technologies, and the availability of new manufacturing equipment with built-in sensors are on the rise, while IoT technology costs are free-falling – projected to drop 50% by 2020[1]. More than ever, embracing digitalization presents a vital competitive advantage with unprecedented insights into all aspects of factory operations.

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