CIO Business Intelligence

OCTOBER 16, 2023

What do the top manufacturing countries have in common? Their manufacturing industries are laser-focused on melding IT with OT to create the smartest digital production lines possible. The world of manufacturing is undergoing a quiet revolution: the integration of Operational Technology (OT) and Information Technology (IT).

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

Smart Data Collective

APRIL 24, 2022

AI is changing the future of the manufacturing sector. According to one survey, 76% of manufacturing companies have either deployed AI or are in the process of developing an AI system to use in the near future. More and more the interaction between humans and machines becomes a hot topic in the manufacturing world.

Manufacturing 119

Manufacturing Cost-Benefit Interactive Data-driven 119

CIO Business Intelligence

OCTOBER 1, 2022

(P&G) has grown to become one of the world’s largest consumer goods manufacturers, with worldwide revenue of more than $76 billion in 2021 and more than 100,000 employees. In summer 2022, P&G sealed a multiyear partnership with Microsoft to transform P&G’s digital manufacturing platform. Smart manufacturing at scale.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

CIO Business Intelligence

FEBRUARY 29, 2024

Manufacturers are increasingly looking to generative AI as a potential solution to these and other challenges. Research from Avanade , a technology expert that specialises in the Microsoft ecosystem and partner solutions, suggests that 92% of manufacturers aim to be AI-first within a year. This can be a major challenge.

Manufacturing 116

Manufacturing Unstructured Data Cost-Benefit Risk 116

CIO Business Intelligence

JANUARY 9, 2025

In 2024, squeezed by the rising cost of living, inflationary impact, and interest rates, they are now grappling with declining consumer spending and confidence. Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind.

B2B 106

B2B Cost-Benefit Data-driven Sales 106

CIO Business Intelligence

DECEMBER 10, 2024

For example, developers using GitHub Copilots code-generating capabilities have experienced a 26% increase in completed tasks , according to a report combining the results from studies by Microsoft, Accenture, and a large manufacturing company. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 24, 2024

When you look at other industries like manufacturing and services, productivity has continually increased, whereas business productivity in construction has remained fairly flat.” Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.”

Risk Management 119

Risk Management Risk Management Digital Transformation 119

datapine

AUGUST 19, 2020

Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport. If you’re centered only on monitoring numbers, without focusing on the human aspect, you risk business bottlenecks in the long run. Carrying cost of inventory.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. 54% of AI users expect AI’s biggest benefit will be greater productivity. The second most common reason was concern about legal issues, risk, and compliance (18% for nonusers, 20% for users).

Enterprise 342

Enterprise Testing Modeling Reporting 342

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. Security is paramount for the core infrastructure that supports manufacturing and industrial operations.

Manufacturing 127

Manufacturing Cost-Benefit ROI IoT 127

CIO Business Intelligence

OCTOBER 10, 2024

This includes minimizing the risks associated with AI bias, guaranteeing transparency in AI decision-making and addressing energy consumption in blockchain networks. CIOs must stay informed about emerging solutions that reduce the energy demands of AI and blockchain while maintaining their operational benefits.

Metrics 125

Metrics Optimization Strategy Technology 125

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 71

Manufacturing Technology Internet of Things Cost-Benefit 71

CIO Business Intelligence

MAY 24, 2022

Epicor Software has added new automation capabilities to Kinetic, its cloud-based ERP application for manufacturing, and Prophet 21, its software for distribution companies. From the CIO’s perspective, native integrations mean less work and costs.”. Potential customers will have to weigh up the potential cost of early adoption.

Manufacturing 97

Manufacturing IT Cost-Benefit Enterprise 97

CIO Business Intelligence

OCTOBER 9, 2022

However, delay too long, and you also risk giving yourself an insurmountable technological handicap if uptake in your industry suddenly accelerates. More competition and more manufacturers will lead to economies of scale and innovation – the rapid evolution of mobile phones and laptop computers gives us a potential trajectory.

Cost-Benefit 142

Cost-Benefit Manufacturing Experimentation Risk 142

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Manufacturing 116

Manufacturing Cost-Benefit Machine Learning Optimization 116

datapine

SEPTEMBER 4, 2019

By integrating these key performance indicators (KPIs) and goals into their dashboards, companies can proactively identify issues, minimize costs and strive to exceed performance expectations. Benefits Of A Successful Dashboard Implementation. Save companies money by highlighting unnecessary operational costs.

Dashboards 263

Dashboards Analytics Key Performance Indicator Sales 263

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

Jet Global

MARCH 6, 2020

The industrial manufacturing industry produces unprecedented amounts of data, which is increasing at an exponential rate. Yet harnessing the corre ct data, turning that into manufacturing savvy, and achieving smart decisions from it are complex and overwhelming task s. Or reporting across multiple manufacturing units? .

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

CIO Business Intelligence

NOVEMBER 14, 2024

Challenge: Maintaining security is a moving target The highly distributed nature of retail and complex supply chains, along with increasingly sophisticated ransomware and fraud tactics and the growth of organized retail crime schemes, are driving up the risk of retail cyber events.

IT 65

IT Cost-Benefit Manufacturing Sales 65

CIO Business Intelligence

SEPTEMBER 26, 2024

And as part of it, both manufacturers and retailers will transition to 2D barcodes over the next three years. “A The benefits are potentially huge. This also helps prevent stockouts, improve customer satisfaction, and control labor costs.

IT 131

IT Manufacturing IoT Cost-Benefit 131

CIO Business Intelligence

SEPTEMBER 23, 2024

For sectors such as industrial manufacturing and energy distribution, metering, and storage, embracing artificial intelligence (AI) and generative AI (GenAI) along with real-time data analytics, instrumentation, automation, and other advanced technologies is the key to meeting the demands of an evolving marketplace, but it’s not without risks.

Manufacturing 122

Manufacturing Internet of Things Metadata Risk 122

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” “Here’s our risk model. The elephant was unstoppable.

Machine Learning 335

Machine Learning Testing Modeling Cost-Benefit 335

CIO Business Intelligence

SEPTEMBER 13, 2024

Its innovative factory automation, RFID scanning, and consolidation of seven warehouses into one building has vastly improved the efficiency of components distribution and has sped up delivery to the company’s manufacturing division. LCS has resolved many efficiencies plaguing Applied Materials’ expanding manufacturing process.

Manufacturing 123

Manufacturing Cost-Benefit Testing Interactive 123

CIO Business Intelligence

FEBRUARY 10, 2023

With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Such models enable the assessment of either the promise or risk presented by a particular set of conditions, guiding informed decision-making across various categories of supply chain and procurement events.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Register here to read the full HP-sponsored IDC whitepaper on the benefits of integrating managed device services. [1]

Management 111

Management IT Cost-Benefit Metrics 111

DataRobot Blog

AUGUST 18, 2022

Keeping pace with the connected consumer, embracing emerging trends in shopping, or staying ahead of the competition—these challenges bear down on retailers and manufacturers greater than ever before. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

datapine

JANUARY 6, 2022

Now that we have seen how to interpret data, let’s move on and ask ourselves some questions: what are some data interpretation benefits? From businesses to newlyweds researching their first home, data collection and interpretation provides limitless benefits for a wide range of institutions and individuals. minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

SEPTEMBER 20, 2023

Let’s explore how IoT and Cloud Integration work hand in hand to power the future: Of course, there are a lot of risks associated with cloud computing. However, there are far more benefits that cannot be overlooked. Cloud computing provides a cost-effective alternative.

IoT 128

IoT Internet of Things Cost-Benefit Manufacturing 128

Smart Data Collective

APRIL 24, 2019

Manufacturing is a more powerful and essential part of our industries and economies than ever. If you represent a manufacturing concern and you’re wondering about the benefits of capturing and analyzing operational data , you’ve come to the right place. Who’s Using Analytics in Manufacturing?

Analytics 104

Analytics Manufacturing Cost-Benefit Internet of Things 104

CIO Business Intelligence

FEBRUARY 27, 2023

Since then, Barioni has taken control of the situation, putting into action a multi-year plan to move over half of Reale Group’s core applications and services to just two public clouds in a quest for cost optimization and innovation. Why build a multicloud infrastructure?

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

CIO Business Intelligence

JANUARY 23, 2024

For example, manufacturers should capture how predictive maintenance tied to IoT and machine learning saves money and reduces outages. Risk reduction metrics can focus on security, business continuity, and compliance functions impacted by technology, data, and process improvements.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

datapine

JANUARY 18, 2023

Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others. Here, you can spot pivotal trends based on costs, task statuses, margins, costs, and overall project revenue. This healthcare report aims to do just that.

Reporting 201

Reporting Metrics Dashboards Visualization 201

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! Let’s dive deeper into the benefits below. By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation.

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

IBM Big Data Hub

JUNE 29, 2023

Manufacturing has undergone a major digital transformation in the last few years, with technological advancements, evolving consumer demands and the COVID-19 pandemic serving as major catalysts for change. Here, we’ll discuss the major manufacturing trends that will change the industry in the coming year. Industry 4.0

Manufacturing 54

Manufacturing Internet of Things Cost-Benefit Digital Transformation 54

Smart Data Collective

SEPTEMBER 13, 2019

In emphasizing the use of “big data”, maintenance can establish predictive maintenance programs, which reduce downtime and save on maintenance costs. With the ability to perceive a future event, the manufacturing line can appropriately plan a response. Let’s explore how this looks like in practice. Longer Life of Assets.

Big Data 110

Big Data Manufacturing Cost-Benefit Optimization 110

CIO Business Intelligence

AUGUST 25, 2022

Resiliency and cost are core considerations, but sustainability is increasingly an area of concern where data center colocation providers can make a huge difference. The data center colocation service provider offer the benefits of a public cloud-like experience, while providing their customers with full control of their IT.

Risk 98

Risk Data Processing Cost-Benefit Digital Transformation 98

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. managing risk vs ROI and emerging countries)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143