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TDM Systems Blog

Digital. Experienced. Powerful. - 100% Tool Management

Data is the new energy: How data takes any production to a new digital level

July 2023
Author: Tool Manager
Company: TDM Systems GmbH
Data is the new energy: How data takes any production to a new digital level

TDM Systems is presenting the potential of tool and machine data at EMO 2023 from September 18–23, 2023

Tübingen, Germany, June 29, 2023 – TDM Systems is presenting innovative solutions at EMO 2023 that enable machining companies to manage 100 percent of their tools and realize the full potential of their machine data. In addition to presenting its comprehensive tool management software, the leading software manufacturer for the management of tool data in the machining sector is also presenting the "Cost per Part" controlling tool.

Data is considered "the new energy" for production and business processes. However, to successfully create value with data, its quality is crucial. If this is not guaranteed, companies continually lose capital, according to Jean-Paul Seuren, Managing Director of TDM Systems. According to a study by Gartner, the average cost to an organization due to poor data quality is 15% to 25% of revenue per year. IBM also shares this assessment, and estimates the loss for companies in the U.S. due to poor data quality at $3.1 trillion. At the world's leading trade show for production technologies – EMO 2023 (Hall 009/Stand B23) in Hanover – TDM Systems will be presenting how a high-quality database can be built up for optimum value creation. Jean-Paul Seuren and Andreas Seum, Executive Vice President Global Sales & Marketing, will therefore present TDM Systems' new campaign "Data is the New Energy" to the trade show visitors and talk about data solutions and services as well as TDM's role as a data marketplace in a manufacturing company.

Read everything about our trade fair appearance at EMO 2023 here!

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