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“Many SMEs still don’t collect data. Some are using paper, or there are a lot of systems that are not being brought together. If you don’t bring everything together and make sense of it, how can you understand?”

The SME Experience of Data Valuechain Chief Operating Officer, Michael Schraps also spent time speaking with and advising visitors to the Expo’s SME clinic. “Many SMEs still don’t collect data,” Michael says. “Some are using paper, or there are a lot of systems that are not being brought together. If you don’t bring everything together and make sense of it, how can you understand?”

Connectivity, automated data capture and the thoughtful structure of data and data integration are the first steps Alasdair recommends, as he makes the case for investing in process control software. “What’s the point having a sensor if you can’t see what’s happening on it?” he asks.

“That shows, in itself, that many SMEs don’t understand the value of the data they hold,” agrees Alasdair.

Michael agrees: “The big data and artificial intelligence stuff is all very well and good, but if you can’t visualise it in a way that people can understand it easily and then take better decisions based on the data that’s being visualised it’s worthless. It’s a context question. Because it is still a human making those decisions, we need to ensure the pertinent information is highlighted to them in a way that’s easy to understand.”

Tricorn works with businesses to help collect and compile this data. “If you start small you can get your money back just through efficiency,” Alasdair continues. “SMEs don’t have money to burn, so data projects need to look at one return on investment at a time.”

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Profile for GB Media & Events Ltd.

Industry 4.0 Magazine  

It has been three months since our flagship event – The Industry 4.0 Summit & Expo in Manchester. The developments in Industry 4.0 have cont...

Industry 4.0 Magazine  

It has been three months since our flagship event – The Industry 4.0 Summit & Expo in Manchester. The developments in Industry 4.0 have cont...