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 114

Risk Management Risk Management Digital Transformation 114

CIO Business Intelligence

JULY 5, 2023

This supply chain—which spans from research and development to manufacturing, to the end use of the tiny chips that enable devices from cars to cell phones—has historically been volatile, easily swinging from surpluses to shortages due to geopolitical and global economic factors. CHIPS Act and the EU Chips Act.

Risk 88

Risk Manufacturing Cost-Benefit Data Processing 88

CIO Business Intelligence

OCTOBER 16, 2024

As gen AI becomes embedded into more devices, endowing it with autonomous decision-making will depend on real-time data and avoiding excessive cloud costs. By processing data closer to the source, edge computing can enable quicker decisions and reduce costs by minimizing data transfers, making it an alluring environment for AI.

Cost-Benefit 143

Cost-Benefit Manufacturing Data-driven Optimization 143

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

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

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.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Verticals and related subverticals include manufacturing, food and beverage, hospitality, healthcare, distribution and retail. The results can be used to uncover the source of bottlenecks, delays, unseen risks and unnecessary workloads that, in turn, allows organizations to institute improvements.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

Alation

MAY 12, 2022

Or, rather, every successful company these days is run with a bias toward technology and data, especially in the manufacturing industry. technologies, manufacturers must deploy the right technologies and, most importantly, leverage the resulting data to make better, faster decisions. Manage data effectively and efficiently. Here’s how.

Manufacturing 52

Manufacturing Data Governance Cost-Benefit IoT 52

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 121

Manufacturing Internet of Things Metadata Risk 121

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 111

Manufacturing Cost-Benefit Testing Interactive 111

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 124

IT Manufacturing IoT Cost-Benefit 124

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 91

Manufacturing IT Cost-Benefit Enterprise 91

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

Sisense

JANUARY 13, 2020

The modern manufacturing world is a delicate dance, filled with interconnected pieces that all need to work perfectly in order to produce the goods that keep the world running. In Moving Parts , we explore the unique data and analytics challenges manufacturing companies face every day. The world of data in modern manufacturing.

Manufacturing 52

Manufacturing Data Lake Data Warehouse Big Data 52

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 105

Management IT Cost-Benefit Metrics 105

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 100

Manufacturing Cost-Benefit Machine Learning Optimization 100

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

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 140

Cost-Benefit Manufacturing Experimentation Risk 140

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. And that’s not all.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

JUNE 6, 2024

At the recent Dell Technologies World, Chairman and CEO of Dell Technologies Michael Dell, stressed the importance of reaping the benefits of AI responsibly. “AI By integrating AI-driven information technology (IT) and operational technology (OT), it is improving patient care worldwide while addressing cost pressures and staff shortages.

Cost-Benefit 82

Cost-Benefit IT Data-driven Digital Transformation 82

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

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 139

Measurement Digital Transformation KPI Metrics 139

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 123

IoT Internet of Things Cost-Benefit Manufacturing 123

CIO Business Intelligence

JANUARY 3, 2024

Beyond buildings and bridges, use cases range from remotely driving bulldozers in mines, virtual training on large, specialized equipment, specialty manufacturing design, as well as restaurant design, parking monitoring, and airport operation. All companies that practice and plan with live twins are getting an edge over their competition.

Cost-Benefit 133

Cost-Benefit ROI Manufacturing Optimization 133

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 64

IT Cost-Benefit Manufacturing Sales 64

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

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

NOVEMBER 12, 2024

Its accessibility at scale to support mission-critical operations removes costs and helps ease the burden on stretched resources. With Rimini Street, Welch’s immediately cut maintenance fees in half and their DBAs are no longer chasing trouble tickets, applying patches, or worrying about the risks associated with upgrades.

Statistics 52

Statistics Unstructured Data Cost-Benefit Data Lake 52

IBM Big Data Hub

JANUARY 25, 2024

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. regulations, undergoing digital transformation and the need for cost-cutting. What’s at stake? trillion, up from USD 864 billion in 2019 to 2020.

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Other companies may choose to leverage a type of sourcing called near-sourcing.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

CIO Business Intelligence

AUGUST 26, 2024

In sectors like finance, healthcare, and manufacturing, AI-driven solutions have already proven their worth by optimizing supply chains, improving risk management, and enhancing customer service. Many are asking if the money is worth it and if other companies are seeing value. But it has yet to prove itself.

Data-driven 108

Data-driven Manufacturing Data Warehouse Cost-Benefit 108

CIO Business Intelligence

NOVEMBER 20, 2023

AI is becoming an integral part of decision-making for many different business functions – from finance to manufacturing to sales. This reduces costs while improving customer experience. Deloitte estimates that predictive maintenance increases productivity by 25%, reduces breakdowns by 70% and lowers overall maintenance costs by 25%.

Sales 131

Sales Cost-Benefit Manufacturing Forecasting 131

IBM Big Data Hub

JANUARY 31, 2024

The main motivators for outsourcing are cost savings; the flexibility to ramp up or scale back functions and goods or services as needed; and greater access to specific skills or raw materials. While often a cost-reduction strategy, insourcing also gives organizations greater control over an activity and speeds its execution.

Cost-Benefit 91

Cost-Benefit Manufacturing Risk Strategy 91

CIO Business Intelligence

OCTOBER 26, 2023

An even greater reason given was the desire to consolidate systems architecture and reduce the number of “point solutions” – which 80% of respondents cited as a consolidation driver – while 69% of respondents cited finance driven cost-cutting. When we asked about the intensity of that pressure, 83% cited a moderate to high degree of pressure.

IT 118

IT Cost-Benefit Data-driven Manufacturing 118

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. The attack landscape has evolved to target critical infrastructure.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

IBM Big Data Hub

MAY 15, 2024

Business leaders risk compromising their competitive edge if they do not proactively implement generative AI (gen AI). This situation will exacerbate data silos, increase costs and complicate the governance of AI and data workloads. Users lower egress costs. However, businesses scaling AI face entry barriers.

Cost-Benefit 67

Cost-Benefit Data Integration Data Architecture Manufacturing 67

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. How can CIOs benefit from these new regions in 2024? Everyone is talking about GenAI.

Cost-Benefit 103

Cost-Benefit Risk Manufacturing Strategy 103