In 2023, industrial data's volume is soaring, and utilizing it effectively involves three key elements: people, processes, and technology. Many organizations face challenges in one or more of these areas, struggling to leverage operational data for business benefits, often due to siloed departments and a lack of comprehensive strategy. Despite the potential of industrial data to reduce costs, enhance product quality, and improve ESG reporting, lack of collaboration and skills gaps hinder its full exploitation. Addressing these challenges requires improving inter-departmental cooperation, investing in easy-to-use software, and focusing on talent retention and attraction.

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