The Key to Success in Connected Industry: Solving Business Problems with Deliberate Data Collection
Connected industry, the concept of connecting equipment and collecting data for analysis, has been a hot topic in recent years. However, the debate around connected industry often revolves around how much data should be collected and how it should be used. John Harrington, Co-Founder and Chief Product Officer at HighByte, an expert in the field, shares his insights on this topic.
According to John, many people have the misconception that they need to collect all the data they can and analyze it later. However, this approach often leads to a data swamp rather than a data lake. To avoid this, John emphasizes the need to take a step back and focus on the problems that need to be solved. He suggests being deliberate about what data is needed and for what purpose, and delivering that data to the relevant systems and personas in a timely manner.
John also acknowledges that sustainability is a concern in connected industry. Collecting excessive data consumes resources, both in terms of cost and environmental impact. Therefore, being mindful of the amount of data collected and optimizing data collection based on specific use cases is important. John advocates for taking a lean approach to data collection, similar to lean manufacturing, to ensure that systems remain agile and scalable.
Reflecting on his experience at Hannover Messe 2023, John notes that there has been a shift in mindset among customers. While in the past, there was a need to educate people on the challenges of data contextualization as systems scale, now customers are more aware of this issue. They are looking for solutions to scale their data usage and deliver results quickly. As a software vendor, John is excited about having conversations with customers on how his company can help them achieve their goals.
To summarize: the key to success in the connected industry lies in solving business problems with deliberate data collection. Rather than collecting excessive data, it is important to focus on the specific data needed for the problems at hand and deliver it to the right systems and personas in a timely manner. Being mindful of sustainability and taking a lean approach to data collection can also contribute to the success of connected industry initiatives.
This blog post was created based on the script of the video with the assistance of https://chat.openai.com/.