Big Data Could Yield Big Revenue

Data is becoming a key strategic asset in the manufacturing sector, but many companies are throwing it away. According to reports, only 1% of all data gathered on an oil rig actually reaches decision makers, thanks to connectivity limitations. A four-year-old company called Sight Machine, however, aims to change that trend with its machine manufacturing analytics platform, which captures data from a variety of sources, including PLCs, sensors, and barcodes.Automation World shares how and why this new approach to data acquisition and analysis could result in more than $3.7 trillion in new revenue for manufacturing by 2025.

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