Benzinga | Feb 23, 2021 09:11AM EST

Teradata Says Joining Open Manufacturing Platform

Teradata Joins Open Manufacturing Platform

Teradata will work with leading manufacturers in the Open Manufacturing Platform community to develop solutions for industrial IoT and Industry 4.0

Group aims to enable faster and more cost-effective innovation and production in manufacturing and automotive through cloud-based data analytics

Teradata (NYSE:TDC), a leading multi-cloud data warehouse platform provider, joined the Open Manufacturing Platform (OMP) -- a global alliance initiated by the BMW Group and Microsoft to drive industrial IoT developments and build future Industry 4.0 solutions in the manufacturing and automotive sector. As a member of the OMP, Teradata will help manufacturers accelerate innovation and achieve production efficiencies across the entire value chain by unlocking the potential of their data.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210223005429/en/

Teradata Joins Open Manufacturing Platform (Graphic: Business Wire)

Common Challenges for Industry 4.0

While working to build their "smart factory," in which all plants, products and processes are digitalized and interconnected, manufacturers worldwide share similar advantages and challenges: They benefit from a rapid adoption of new technologies that allow for greater operational efficiencies, factory output, customer loyalty and net profits, but too many manufacturers still struggle with the real-world implementation of IoT concepts. One such challenge is ensuring that data from legacy, as well as modern systems, is interoperable and usable across a multi-cloud environment so that holistic decisions and predictions can be made. Proprietary systems, which so often become data silos, make reliable visibility throughout the supply chain daunting, and thus hinder future business models. In addition, thousands of analytical models are needed to evaluate the petabytes of data produced by machines and robots every hour in order to generate actionable insights.