There's a critical correlation between analytics and successful industrial transformation (IX), according to LNS Research and the Manufacturing Enterprise Solutions Association, which jointly released Aug. 26 their latest biennial research study, "Analytics that matter in 2020: a new world," as a freely downloadable ebook for a limited time at https://blog.lnsresearch.com/analytics-that-matter-in-2020-a-new-world.
The eBook the latest in the series that LNS and MESA started publishing more than 10 years ago, but the 2020 report also covers the impact of COVID-19 on manufacturers and their transformation initiatives.
The study provides an updated look at where industrial organizations fall in their progress towards using analytics, and finds there's still more work to do to achieve operational excellence. While the biennial survey by LNS reports a promising 52% increase in industrial companies with a formal analytics program, the report’s author, LNS research analyst Andrew Hughes, adds that obstacles remain.
"Unfortunately, the industry also still has challenges," says Hughes. "We've only seen a 39% increase in prescriptive capabilities—well behind increases in diagnostic and predictive.”
