10 Reasons Why Manufacturing Is Moving In-Memory

Two centuries back, the industrial revolution reshaped manufacturing. Today, another transformation is underway. It’s powered by big data, and it touches every aspect of the manufacturing process, from materials sourcing and assembly lines to sales support and maintenance. The potential payoff from harnessing big data insights is enormous, but so are the new challenges that manufacturers are facing around data volume, velocity, variety and value.

To capture the Big Data opportunity, manufacturers are quickly moving data out of slow disk-bound databases and into ultra-fast machine memory. Here are 10 ways that manufacturers can benefit from in-memory data management:

1.  Product design & development
Easily experiment with different design options for products by instantly manipulating large design files held in-memory.
2.  Planning & forecasting
Use terabytes of multiple data sets and historical information, in memory, to develop more accurate plans and forecasts.
3.  Contracting
Flag contract and service-level agreement (SLA) violations in real time.
4.  Procurement
Highlight best and worst performing vendors by comparing performance against a set of KPIs.
5.  Supply Chain
Optimize sourcing of raw materials from multiple vendors and track inventory positions in real time, even across multiple geographies and company divisions.
6.  Operations
Intelligently parse data from sensors and telematics to avoid breakdowns, conduct preventive maintenance, and improve manufacturing output.
7.  Marketing
Understand and refine marketing campaigns based on social feeds, customer reviews, and buying patterns.
8.  Logistics
Optimize truck routing in real time to boost delivery speed while reducing fuel costs.
9.  Customer Service
Delight customers with fast service by keeping profiles and account histories in memory.
10.  Maintenance
Gather real-time sensor data from shipped products to quickly gain intelligence about what causes breakdowns.

Simply put, in-memory computing is a big competitive differentiator for manufacturing companies. Have you moved your manufacturing business in-memory?

About Gagan Mehra

Gagan Mehra has written 27 posts in this blog.

Gagan is Terracotta's Chief Evangelist. He has over 15 years of experience creating and implementing digital strategies for leading enterprises on six continents. His areas of expertise include business and IT transformation, big data, enterprise architecture and e-commerce for high traffic (1 billion users) sites. Prior to joining Terracotta, Gagan was a leader within Deloitte Consulting's Digital practice where he led web-related projects for clients like Adobe, Agilent, Expedia, HP, McAfee, Seagate and Walmart, among others. Gagan also worked for software services providers Zensar and Network Programs in India for five years before moving to the US with IT consultancy Techspan. Gagan is a published author and speaker and who shares his knowledge at conferences and via blogs. He holds a Bachelor of Electrical Engineering degree from the renowned Delhi College of Engineering.

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