MESA in the News: Latest Biennial Research Finds Analytics Critical to Industrial Transformation
[Chandler, AZ & Cambridge, MA – August 24, 2020] LNS Research, a leading industrial research and advisory firm, in conjunction with MESA (Manufacturing Enterprise Solutions Association) International, a global industry association focused on manufacturing excellence, jointly has released its latest biennial research study: Analytics That Matter in 2020: A New World. The downloadable eBook is the latest in the much-anticipated series that LNS Research and MESA International first began publishing together more than a decade ago. This latest study reveals the critical correlation of analytics to Industrial Transformation (IX) success.
Geared toward manufacturers across various industries, Analytics That Matter in 2020 provides an updated look at where industrial organizations fall within analytics progress, showing there is still much more work to do to achieve operational excellence. Based on a biennial survey by LNS Research, the data shows that there has been a promising 52% increase in industrial companies with a formal analytics program.
While that is good news, the report’s author, LNS Research Analyst Andrew Hughes, said obstacles remain: “Unfortunately, the industry also still has significant challenges. We have only seen a 39% increase in prescriptive capabilities – well behind the increases in diagnostic and predictive.”
New to the 2020 report is the impact of COVID-19 on manufacturers and their transformation initiatives. In addition, the study reveals these key insights:
- How analytics are specifically tied to Industrial Transformation (IX)
- What types of analytics are being overlooked and why manufacturers need to refocus
- How COVID-19 is impacting the progress of analytics within industrial organizations
- The importance of data models and how to build the right ones
- What roles are key to analytics success and how to effectively share information to stakeholders within an organization
- Why it’s important not just to add more analytical tools into the mix
“We are excited to release this year’s updated report on analytics,” said Chris Monchinski, MESA Analytics Working Group Chair. “This is a much-anticipated study that MESA International members and manufacturing leadership across industries utilize to build their operational strategies and improve their performance. Our latest report with LNS Research is an important resource in helping industrial organizations determine how they can better use their data to improve decision-making throughout the entire manufacturing process.”
The study, conducted biennially, will be available for complimentary download for only a limited time. To download Analytics That Matter in 2020: A New World, access the eBook here.
About MESA International
MESA (Manufacturing Enterprise Solutions Association) International is a global, not-for-profit community of manufacturers, producers, industry leaders and solution providers who are focused on improving Operations Management capabilities through the effective application of Information Technologies, IT-based solutions, and best practices. To accomplish this, we:
- Enable members to connect, contribute, cultivate understanding, and exchange strategies to drive operations excellence.
- Collect, share, and publish best practices and guidance to drive greater productivity and the overall profitability of the manufacturing enterprise.
- Educate the marketplace on manufacturing operations best practices through the MESA Global Education Program.
For more information about MESA, visit www.mesa.org.
About LNS Research
LNS Research provides research and advisory services to organizations geared toward guiding and accelerating Industrial Transformation (IX) strategy and initiatives. The firm’s research focuses on how digital technology drives IX across the value chain and offers insights into the people, processes, and technologies required for achieving Operational Excellence. LNS Research publications include quantitative research on trends and best practices, as well as solution selection guides. The company’s expert research analysts work with industrial companies, including manufacturers in discrete, batch, and process industries, to minimize risks associated with alignment, time, and cost in Industrial Transformation, from assessing readiness through solution selection and deployment. This work uses proven methodologies to drive convergence between IT and operations teams and to empower team leaders to achieve goals and time-to-value, quickly and confidently. For more information, visit www.lnsresearch.com