The Meaning of IoT and Big Data

Transformation of Manufacturer to Manufacture-Service Company That Keeps Step with Demand Process

Abstract

The application area of IoT and big data for manufacturers is not limited to maintenance service. IoT and big data bring us two kind of revolutionary opportunity to transform manufacturing to manufacture service. The one opportunity can be expressed as “the change from demand forecast to demand monitoring." Another opportunity is based on progress of social decomposition of a business organization into a combination of many types of platform businesses. It allows an organization to use specific expertize of respective platforms, as like a product can be composed of superior parts and softwares.
The above revolutionary opportunity also requires change at corporate strategy and operations management. We will examine the business process with integration of MRP model and lean system to open the door.