Remove Forecasting Remove Manufacturing Remove Risk Management
article thumbnail

AI and generative AI are revolutionizing manufacturing…here’s how

CIO Business Intelligence

Manufacturing has been a longstanding pillar of progress for humankind. From the Industrial Revolution over 200 years ago to today, manufacturing has had a profound impact on our lives, made possible by its unrelenting innovation. Supply chain management Manufacturing can benefit from more predictive supply chain management.

article thumbnail

Creating value with generative AI in manufacturing

CIO Business Intelligence

In the face of increased competition, shrinking profit margins, and increasing ESG obligations, manufacturers are looking for ways to make products better, faster, and with less waste. As the manufacturing sector evolves in these and other ways, generative AI tools like Microsoft Copilot will come into their own. Product optimisation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Modular architecture drives productivity and risk management at Gilbane

CIO Business Intelligence

When you look at other industries like manufacturing and services, productivity has continually increased, whereas business productivity in construction has remained fairly flat.” You have to forecast this to your executive team and continue to remind them of why we’ve chosen this strategy. So they’ll be patient when it comes to ROI.

article thumbnail

Where CIOs should place their 2025 AI bets

CIO Business Intelligence

times compared to 2023 but forecasts lower increases over the next two to five years. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

article thumbnail

5 tips for better business value from gen AI

CIO Business Intelligence

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. Paul Boynton, co-founder and COO of Company Search Inc.,

Sales 143
article thumbnail

How data from IoT devices is changing supply chain analytics

CIO Business Intelligence

The supply chain havoc caused by the coronavirus pandemic has left an indelible mark on the minds (and businesses) of manufacturers, wholesalers, dealers and retailers. And it has quite some catching up to do – the smart manufacturing industry is set to grow from $250 billion in 2021 to $658 billion in 2029.

IoT 105
article thumbnail

Bridging the Gap Between Industries: The Power of Knowledge Graphs – Part I

Ontotext

Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. As we have seen, many leading auto part makers and car manufacturers use knowledge graphs to improve their operations. And that’s not all. Some of the top U.S.