Data Analytics through Statistical Techniques


Reading time ( words)

Many companies get caught in data traps. They focus so heavily on cost and survival that they end up using data as merely a marketing and sales tool. In doing so, they fail to realize the true power of data: It can transform every aspect of a business.

Survey Says… A recent survey by I-Connect007 revealed just how important data is to our industry, and also just how difficult it is to get accurate, actionable data to drive our businesses. The key takeaway from printed circuit executives was that their greatest need is accurate, real-time process data. When you apply process metrics and dashboards to your data tools, data not only drives improvement, it can drive innovation. Companies struggle with data: how to get it, is it the right data, is it accurate, and is it an automated or manual process? This is where using statistical analytics can help any company

to improve their business, and not just in manufacturing but also in areas like your customer and employee hiring processes. Data should never be pigeonholed or feared. Instead, it should be used to better understand your company. By breaking down the silos that exist within your organization you will generate new perspectives, ideas and performance levels as departments begin to measure their performance against the new metrics. Did you just realize that your company has fallen into a data trap? Luckily, it’s easy to break free from its chains, and using statistical data will reveal just how efficient and innovative your business can be.

Why Statistics? A customer has an expectation of consistency in product quality, delivered on time, and at a fair and competitive price. A business owner has an expectation of making a profit through satisfied customers. A properly implemented SPC program can dramatically increase the degree of success in meeting these synergistic expectations.

Read the full article here.

 

Editor's Note: This article originally appeared in the November 2015 issue of The PCB Magazine.

Share

Print


Suggested Items

Walt Custer’s EIPC Business Outlook Webinar: ‘You Can’t Sugarcoat This Stuff!’

06/11/2020 | Pete Starkey, I-Connect007
In normal circumstances, it would have been the time of year for the EIPC Summer Conference, and Walt Custer would have opened the proceedings with his business outlook for the global electronics industry. However, circumstances were far from normal. Pete Starkey discusses some of the takeaways from Custer's global business outlook webinar, organized by EIPC.

IPC APEX EXPO 2020: Day 2 Review

02/06/2020 | Andy Shaughnessy, Design007 Magazine
Wednesday at IPC APEX EXPO drew a fairly steady stream of attendees to the show floor. Exhibitors we spoke with said the visitors were ready to spend some money. Almost everyone said their company was having a good quarter and experiencing slow but consistent growth year over year.

The Viability of a Cyanide-free Immersion Gold Bath

12/17/2019 | Rick Nichols, Sandra Nelle, Robert Spreemann, and Gustavo Ramos, Atotech Deutschland GMBH
The Tianjin chemical blast in August 2015 sensitized the Chinese authorities to the use of cyanide in production. As a consequence, the authorities have introduced licensing with regard to the use of cyanide. In turn, this has motivated Chinese PCB manufacturers to ask suppliers for a competent cyanide-free immersion gold solution (CNF Au).



Copyright © 2020 I-Connect007. All rights reserved.