Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk. Failure or Delay Risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

CIO Business Intelligence

JANUARY 21, 2025

Taiwan Semiconductor Manufacturing Company (TSMC) has said it is unlikely to equip its new US plant in Arizona with its most advanced chip technology ahead of its Taiwan factories, raising concerns about supply-chain hurdles for tech companies. Speaking at a university event in Taiwan, TSMC CEO and Chairman C.C.

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

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

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. Ergonomics.

Manufacturing 119

Manufacturing Cost-Benefit Interactive Data-driven 119

CIO Business Intelligence

SEPTEMBER 14, 2022

The manufacturing industry is experiencing its “fourth industrial revolution,” with manufacturers focused on leveraging IT to stay competitive and meet the demand for digital services that can enhance their physical wares. Sensors, AI, and robotics are key Manufacturing 4.0 Sensors, AI, and robotics are key Manufacturing 4.0

Manufacturing 116

Manufacturing IT Software Digital Transformation 116

CIO Business Intelligence

DECEMBER 5, 2024

Tech supply chain risks South Korea’s semiconductor ecosystem, driven by industry leaders like Samsung and SK Hynix, is a cornerstone of global technology supply chains. This approach also involves mitigating risks associated with single points of failure, and the political instability in South Korea underscores this need.

Uncertainty 111

Uncertainty Risk Manufacturing Strategy 111

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

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

FEBRUARY 20, 2024

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.

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

O'Reilly on Data

APRIL 19, 2021

Healthcare and life sciences, at 28%, were in the middle, as were manufacturing (25%), defense (26%), and media (29%). Respondents working in government and manufacturing seem to be somewhat further along, with 49% and 47% evaluating AI, meaning that they have pilot or proof-of-concept projects in progress.

Enterprise 364

Enterprise Risk Modeling Manufacturing 364

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.” Hire the right architects.

Risk Management 119

Risk Management Risk Management Digital Transformation 119

CIO Business Intelligence

JULY 17, 2023

When Carl Zeiss produced his microscope prototype years earlier, he created a high standard for precision and quality, using the most advanced, efficient manufacturing processes of the time. And there was another innovation waiting for the ZEISS Group: an intelligent manufacturing solution with digital documentation capability from SAP.

Manufacturing 98

Manufacturing Snapshot Uncertainty Digital Transformation 98

CIO Business Intelligence

APRIL 16, 2024

With the emergence of GenAI capabilities, fast-tracking digital transformation deployments are likely to change manufacturing as we know it, creating an expanding chasm of leaders versus followers, the latter of which will risk obsolescence. Accelerated edge devices and IT/OT convergence capabilities are vital in manufacturing.

Manufacturing 142

Manufacturing Digital Transformation Risk Dashboards 142

CIO Business Intelligence

JANUARY 21, 2025

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. CIOs should consider placing these five AI bets in 2025.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Smart Data Collective

AUGUST 19, 2023

Risk is an ever-present companion in the world of finance. Understanding and managing risk is critical whether you are an individual investor , a financial institution, or a multinational organization. Credit risk is one of the most critical hazards that banks and financial organizations face.

Risk 98

Risk Data Analytics Analytics Finance 98

CIO Business Intelligence

DECEMBER 15, 2022

PET is a major industrial polymer used to manufacture the polyester fibers used in clothing, plastic bottles, and much more. About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans. As such, it is the most widely recycled plastic in the world.

Risk 98

Risk Digital Transformation Software ROI 98

CIO Business Intelligence

JANUARY 9, 2025

Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind. Perhaps most concerning is the increased compliance risk that stems from inconsistent product information. The platform offers tailored solutions for different market segments.

B2B 106

B2B Cost-Benefit Data-driven Sales 106

O'Reilly on Data

JANUARY 8, 2019

Organizations will begin to identify and manage risks that accompany the use of machine learning in products and services, such as security and privacy, bias, safety, and lack of transparency. Sustaining machine learning in an enterprise.

Machine Learning 264

Machine Learning IoT Internet of Things Data Science 264

CIO Business Intelligence

NOVEMBER 12, 2024

We are thrilled with the outcome and honored by the support of Singaporeans who have given up their jobs to join AIAP, and the companies that took the risk to work with us in the early days when we were new and untested. The key takeaway is that AI talent can be manufactured.

Modeling 116

Modeling Machine Learning Consulting Deep Learning 116

Smart Data Collective

JUNE 23, 2022

Chip shortages, among other components, have fueled a steep increase in car prices, as much as USD$900 above the manufacturer-suggested retail price (MSRP) for non-luxury cars and USD$1,300 above MSRP for luxury ones. . The cars themselves are valuable sources of data, an estimated 25 GB that can help manufacturers understand trends more.

Analytics 132

Analytics Manufacturing Internet of Things Advertising 132

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. GenAI for sustainable product innovation GenAI transforms how companies approach product design and manufacturing.

Metrics 125

Metrics Optimization Strategy Technology 125

CIO Business Intelligence

NOVEMBER 20, 2024

This SLM helps frontline workers in manufacturing troubleshoot food and beverage assets. It provides factory floor workers and engineers with recommendations, explanations, and knowledge about specific manufacturing processes, machines, and inputs.

Manufacturing 122

Manufacturing Marketing Finance Modeling 122

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 ROI Cost-Benefit IoT 127

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

CIO Business Intelligence

OCTOBER 24, 2023

However, OT systems are present on the networks of nearly every organization, as they also include systems such as building management systems, fire control systems, physical access control mechanisms, HVAC systems, medical devices, and manufacturing equipment, to name a few. If you aren’t sure, you aren’t alone.

Risk 83

Risk Manufacturing Digital Transformation Management 83

CIO Business Intelligence

NOVEMBER 14, 2024

Migration to the cloud, data valorization, and development of e-commerce are areas where rubber sole manufacturer Vibram has transformed its business as it opens up to new markets. BPS also adopts proactive thinking, a risk-based framework for strategic alignment and compliance with business objectives.

ROI 120

ROI B2B Business Objectives Digital Transformation 120

CIO Business Intelligence

OCTOBER 25, 2023

Enterprise use of AI tools will only grow, with industries like manufacturing leading the charge Our research shows that mirroring the broader AI trend, enterprises across industry verticals sharply increased their use of AI from May 2023 to June 2023, with sustained growth through August 2023. In general, they fall into two buckets: 1.

Enterprise 133

Enterprise Manufacturing Risk Data-driven 133

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

NOVEMBER 14, 2023

In this article, we’ll explore the risks associated with IoT and OT connectivity and the measures that organizations need to take to safeguard enterprise networks. 6 IoT vulnerabilities to watch out for Security risks are a significant concern for businesses using LoT and OT technology.

IoT 130

IoT Enterprise Manufacturing Internet of Things 130

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.

Sales 143

Sales Metrics Data-driven Measurement 143

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. We’re not encouraging skepticism or fear, but companies should start AI products with a clear understanding of the risks, especially those risks that are specific to AI.

Enterprise 342

Enterprise Testing Modeling Reporting 342

CIO Business Intelligence

DECEMBER 5, 2023

In fact, manufacturing was one of the sectors most impacted by extortion attacks last year, according to Palo Alto Networks Unit 42, as reported in the 2023 Unit 42 Extortion and Ransomware Report. Why is this sector at such risk? Manufacturers also face a lack of skilled employees who can manage these converged environments.

Technology 106

Technology Strategy Manufacturing Digital Transformation 106

DataKitchen

MARCH 8, 2023

Like in product manufacturing, finding and reducing errors are the keys to data and analytics manufacturing success. Manufacturing production errors refer to mistakes or defects that occur during the manufacturing process. The day-to-day production of data analytics is also a manufacturing process.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

Smart Data Collective

NOVEMBER 9, 2021

Big Data is the Key to Addressing Driver Safety Risks. They have accumulated a lot of data on their drivers and are using it to help address these kids of risks. Fortunately, the same era of big data technology that brought the devices creating these risks could also bring the solutions to them. What is Distracted Driving?

Big Data 140

Big Data Manufacturing Risk Insurance 140

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

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

CIO Business Intelligence

SEPTEMBER 18, 2024

Julie Ragland was CIO of vehicle manufacturing company Navistar, and has held IT leadership roles at Adient and Johnson Controls. To Ragland, who also sits on several state agency and non-profit boards, one of the greatest responsibilities for today’s boards is in governing cyber security risk. And don’t stop with the formal boardroom.

Risk 141

Risk Testing Strategy Risk Management 141