The Manufacturing Data Excellence Framework

The framework provides a guide to developing new analytics capabilities and partnerships, giving manufacturers a playbook for extracting greater value from their data

Description
While most manufacturers have now begun their journey towards manufacturing data excellence, many are still struggling to capture significant value from it. A 2021 study, surveying over 1300 manufacturing executives, revealed that just 39% had successfully scaled data-driven use cases beyond the production process of a single product and thus achieved a clearly positive business case

To accelerate the development of globally connected manufacturing data ecosystems, the World Economic Forum and its community have developed a Manufacturing Data Excellence Framework. The framework helps companies develop new capabilities, build new partnerships and evaluate the maturity of their data-driven applications. They can also use it to assess their progress in establishing the organisational and technological enablers required to extract value from data at a company, supply chain and ecosystem level.

Relevance
How can the manufacturing industry master the data and analytics revolution? Successful manufacturers must ensure a value focus in the selection of application, build a solid technological backbone and put organisational key success factors in place.