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Manufacturing is the production of commodity using labour, machines and tools for use or sale. It refers to a range of human activity, from handicraft to high tech, but most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale.

Predicting asset failure

Predicting asset failure enablesthe organization to avoid costly downtime and reduce maintenance costs. It detects even minor anomalies and failure patterns to determine the assets and operational processes that are at the greatest risk of problems or failure. The early identification helps to deploy limited resources more cost effectively, maximize equipment uptime and enhance quality and supply chain processes, ultimately improving customer satisfaction.

Reputation Management

Reputation management is the practice of attempting to manage the public perception of an organization. Analytics play a vital role in enabling companies to handle reputation management issues. It retrieves data from various sources like social media, feedback forms etc. Then performs sentiment analysis, that is, what is being told about the brand or the product and finally take relevant action based on the result of the sentiment analysis.

Demand Forecasting

Demand forecasting and management plays a major role for organizations. Over and underestimating demand both result in unnecessary costs being incurred. Analytics help companies to dramatically improve their demand forecasting accuracy. It accomplishes this task by considering many important factors such as product nature, product characteristics, seasonality, relationship with other associated products, product movement data.