Data and analytics can be the key to significantly improving packaging and converting operations, but as industry executives pointed out at the 2024 Top to Top Summit, managing this data requires consideration. There are several routes.
PMMI Business Intelligence's 2024 report, “Transforming Packaging and Converting Operations,” analyzes responses and comments from executives representing CPG end users, OEMs, contract packers, and material and component suppliers at the event, and analyzes how data is managed. We're talking about major changes. .
Data management methods range from manual entry into spreadsheets uploaded to the cloud to advanced analysis. Companies often use warehouse management systems (WMS), enterprise resource planning (ERP), and material requirements planning (MRP) systems to manage onsite data.
External data storage and analysis solutions cited by executive participants included SAP, Siemens, MVI, PowerBI, Microsoft SharePoint, MasterControl, DataBricks, and SolidWorks.
External maintenance and support is often used to ensure that data is stored and managed properly, but not all companies have a single data management approach and one end Users say their data is “managed separately by department.”
Is your data onsite or in the cloud?
There are many ways to use the cloud for data management, but as one end user put it, businesses are “moving to the cloud.”
Approximately half of respondents use a combination of cloud services and on-site data storage. More than one-third store their data entirely in the cloud, and just under one-fifth say they keep all their data on-site.
Many companies that reported using a combination of on-site and cloud-based data storage are moving to cloud-based systems. In some cases, this is because data is being more effectively integrated, consolidated, and managed to leverage its value using analytics.
The cloud is also often used for data storage as an additional backup for disaster recovery. However, the event raised the importance of ensuring data safety. One respondent said their company “follows the most stringent safety processes and legal regulations,” while another said “there are upfront checks and balances.” [data] Enter the cloud. ”
As one representative of the 20% of companies that store data onsite explained: “We own the entire technology stack, the hardware, the software, and everything in between. We store our data in multiple physical locations and regularly air-gap backups.”
Source: PMMI Business Intelligence: Transforming Packaging and Processing Operations in 2024
To learn more about PMMI's Business Intelligence team, visit pmmi.org/business-intelligence for reports such as 2024 Remote Services and Monitoring Trends and 2023 Vertical Startup Accomplishments.
download free I will report below.