-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Book Excerpt: The Printed Circuit Assembler’s Guide to Smart Data, Chapter 1
December 30, 2020 | Sagi Reuven and Zac Elliott, Siemens Digital Industries SoftwareEstimated reading time: 2 minutes
Chapter 1: The Benefits and Challenges of Collecting Big Data
Accurate data is required to adjust processes and to ensure quality over time. This is difficult because not all data is in the same format, and not all sensors perform the same over time. How do you know what the best data to collect is and how to filter out the junk data from useful or smart data? This is not an easy task when the interfaces to data collection sources are complex, and they do not speak the same language, often requiring the vendor’s help to get data out of the machine and then spending time normalizing the data to turn it into something useful. This is a challenge for companies trying to set up a custom data collection system themselves.
High-tech manufacturing processes generate huge amounts of data. However, approximately 70% of that data is not used, according to research at MIT, either because it has not been collected or because of the lack of a platform that will use the data in an intelligent manner to drive informed business decisions.
The Benefits of Using Data
One of the key benefits of using data effectively is boosting prediction accuracy, and this requires a deep understanding of the data and domain expertise. It also requires access to the data in the first place, and not all companies are willing to give that up. When this is the case, many companies commit R&D resources to figure out how to do it.
Companies can differentiate themselves from their competition with intelligent, responsive, and supportive productization. Those that more effectively balance customization with complexity costs can generate organic sales growth and profit margins significantly higher than their industry peers.
Businesses can appeal to consumers by providing a product that matches or comes close to their ideal product while allowing producers to utilize improved workflows and technology to maintain high output and obtain cost savings compared to a pure mass production environment.
Smart manufacturing supports mass customization by providing insight on production efficiency, equipment usage, and status across the entire value chain. By eliminating silos of information and enabling the sharing of data, businesses can dramatically shorten NPI cycles and time to market.
Digital innovation and adoption of smart manufacturing strategies will also give businesses greater adaptability by providing better control and visibility into their supply chain and optimizing their capacity to build more products, faster and with profitable growth.
To download this free eBook, published by I-Connect007, click here.
To view the entire I-Connect007 eBook library, click here.
Other related content
I-007e Micro Webinar: Implementing "Digital Twin" Best Practices From Design Through Manufacturing
Realtime with I-Connect007 Roundtable: Siemens and Computrol: Achieving Operational Excellence in Electronics Manufacturing
I-Connect007 Column: Lean Digital Thread, from Sagi Reuven, Siemens Digital Industries Software
Suggested Items
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.
ROHM Group Company SiCrystal and STMicroelectronics Expand Silicon Carbide Wafer Supply Agreement
04/23/2024 | ROHMROHM and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion of the existing multi-year, long-term 150mm silicon carbide (SiC) substrate wafers supply agreement with SiCrystal, a ROHM group company.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
Altus Group Helps BitBox Unlock Productivity and Efficiency Gains with New Reflow Oven
04/22/2024 | Altus GroupAltus Group, a leading provider of capital equipment, has recently assisted BitBox, a UK-based electronics design, engineering and manufacturing company in upgrading its operations with the implementation of a new reflow oven from Heller Industries.
Growth Potential: Electronics Manufacturing Driving Massive Surge in Manufacturing Investment
04/22/2024 | Shawn DuBravac, IPCIn the early months of the pandemic, investment in manufacturing infrastructure, such as plants and production facilities, declined sharply. Real investment dropped over 11%, before finally recovering to pre-pandemic levels in the first half of 2022. Over the past two years, however, several factors have combined to drive manufacturing investment to record levels.