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Thursday, June 15, 2017
Big Data changing manufacturing value chain
ANBOUND

With the maturity of Big Data, the Internet of things and the automation production technology, the manufacturing industry's five new concepts have reversed the manufacturing business model. Customized production and consumer-to-business models (C2B) are coming; the key is to digitize and transparentize the production information in order to allow manufacturers to quickly schedule the production. Customization does not necessarily bring considerable revenue to the business, but the business that does not follow the trend will certainly be eliminated. If an enterprise can gather customers' consumption data and equipment operation information, it can continue to optimize the production process, as well as enhance the production efficiency, not only for customers to retain bargain space, but also to obtain considerable profits, and that is the value created under the new model.

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