More than a year after the Data Act came into force, demand for machine data remains low. Matthias Scharpe from the VDMA explains why this is the case, what opportunities data-driven business models offer, and how the mechanical engineering sector can gain a competitive edge through the intelligent use of data.
More than a year after the Data Act came into force, demand for machine data remains low. Dr Hubertus von Roenne and Dr Martin Schirmbacher discuss why this is the case and what opportunities are consequently being missed with Matthias Scharpe from the German Engineering Federation (VDMA).
Using specific examples from cement and chocolate production, Scharpe demonstrates how companies can optimise processes, reduce costs and develop new business models through the intelligent use of machine data.
The discussion also addresses the question of who within a company should be responsible for data, the role played by standards such as OPC UA and data hubs such as Manufacturing-X, and why China is leading the way in the development of data hubs. The key insight: those who view data as a product in its own right and combine it with mechanical engineering expertise can secure long-term competitive advantages.
Please note: We use cookies to play videos on this page. Please enable them in your browser settings.