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Data-driven manufacturing simply means that we can make better decisions about manufacturing processes because computer networks can gather lots of data from connected devices and turn that data into actionable information. Consequently, one of the best examples of data-driven manufacturing is machine monitoring—connecting machine tools and other types of manufacturing equipment to a network such that monitoring software can show what's happening on these machines. Most shop networks use internet technology to link all kinds of connectable devices and control systems together to share data. This is one reason why the term Industrial Internet of Things (IIoT) is popular right now.
Once the infrastructure for machine monitoring is in place, manufacturing companies can easily move to other opportunities for connecting machines and processes so that computer systems and shop floor personnel can interact more effectively. Clearly, data-driven manufacturing represents a sweeping advance for manufacturers. It's no wonder it's being called the Fourth Industrial Revolution or Industry 4.0.
Click here for a video with more plain talk about machine monitoring as the gateway to this new world.