Today, most industrial companies are not in a position to make data-driven decisions and are quite unfamiliar with business experiments. They lack the required transparency into their processes and are challenged by insufficient data integrity. To address this, every industrial company needs to develop a data strategy—thinking about which data should be collected, stored, and analyzed to drive decisions going forward. It starts by answering the question: What data is needed to inform strategic decisions and to drive improvements every day?
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