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Using Smart Technologies to Improve Quality and Reliability

Smart technologies provide a single source of truth for rapid response and accurate decision-making

Anthony Tarantino
Thu, 04/14/2022 - 12:03
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Body

In 2007, Nassim Taleb described black swans as highly improbable events that had dramatic or even catastrophic effects on markets and economies. Until recently, it seemed that such events were indeed rare.1 There’s now a major rethinking with the world entering the third year of the Covid-19 pandemic, reshoring and near-shoring of supply chains, and the first major land war in Europe since World War II.

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The disruptions to fragile global supply chains are becoming more the norm than the rare exception. Such dramatic and sudden changes call for faster and more-accurate decision-making, i.e., a consensus around one data-driven source of truth.

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Comments

Submitted by Jennifer Wolfe (not verified) on Fri, 04/15/2022 - 12:35

The fallacy of equating data with truth

Someone with your obvious knowledge of manufacturing environments should know there is a long distance between data and truth. 

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