Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. AI technology has been helpful for businesses in different industries for years. Here are some of the risks that organizations face in dealing with suppliers, and what they can do to mitigate those risks with artificial intelligence.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

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

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Verticals and related subverticals include manufacturing, food and beverage, hospitality, healthcare, distribution and retail. Typically, the technology will show there are many variations in how a process unfolds and the context in which those permutations occur. The average expected spend for 2024 is 3.7%

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

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

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

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 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

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

CIO Business Intelligence

OCTOBER 10, 2024

Aligning ESG and technological innovation At the core of this transformation is the CIO, a pivotal player whose role has expanded beyond managing technological innovation to overseeing how these innovations contribute to ESG goals. It provides CIOs a roadmap to align these technologies with their organizations’ ESG goals.

Metrics 124

Metrics Optimization Strategy Technology 124

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

O'Reilly on Data

JANUARY 8, 2019

We are also seeing more training programs aimed at executives and decision makers , who need to understand how these new ML technologies can impact their current operations and products. Data engineers and data scientists are beginning to use new cloud technologies, like serverless, for some of their tasks.

Machine Learning 272

Machine Learning IoT Internet of Things Data Science 272

Smart Data Collective

JULY 27, 2020

It is the 21 st century, and technology has experienced radical changes making it more seamless to perform tasks. The massive advancement in technology is increasing the rate of real time monitoring, data collection, and data measurement. You can use automation technology to introduce smart locks, security cameras, and thermostats.

Technology 135

Technology Measurement Manufacturing Risk 135

CIO Business Intelligence

JANUARY 9, 2025

However, successful AI implementation requires more than cutting-edge technology. The disruption isnt in the technology itself but in how it can transform buying behaviours. Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

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.” My position was created to be the single accountable executive for innovation, digital technologies, AI, analytics, cybersecurity and IT,” she says. “In

Risk Management 118

Risk Management Risk Management Digital Transformation 118

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. We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.”

ROI 119

ROI B2B Business Objectives Digital Transformation 119

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 96

Risk Manufacturing Cost-Benefit Data Processing 96

CIO Business Intelligence

DECEMBER 5, 2023

Cyberattacks on operational technology (OT) systems are rapidly rising. 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?

Technology 105

Technology Strategy Manufacturing Digital Transformation 105

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

David Menninger's Analyst Perspectives

MAY 1, 2025

These verticals and related micro-verticals include manufacturing, food and beverage, hospitality, healthcare, distribution and retail. The company recently held an analyst event in New York to highlight its software investment focus, technology advances and product roadmap.

Manufacturing 130

Manufacturing Finance Software Enterprise 130

Smart Data Collective

AUGUST 19, 2023

Data analytics technology has significantly improved the state of finance. We have talked about some of the many ways that data analytics technology is changing the state of finance. Risk is an ever-present companion in the world of finance. Big data technology is making these processes easier than ever. billion by 2030.

Risk 98

Risk Data Analytics Analytics Finance 98

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. This data suggests change management efforts are lagging technology efforts at many organizations.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

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

CIO Business Intelligence

JANUARY 17, 2023

Their products, research, and technologies are changing the way the world works. The impact of space technology, on other industries, is wide and vast, and the innovation ripple of research has spurred many high-profile products, including Teflon and CAT scans, as well as many more developments from NASA.

Technology 98

Technology Manufacturing Digital Transformation Data-driven 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

IBM Big Data Hub

DECEMBER 21, 2023

Reshoring manufacturing to the US ­ has been a significant trend in recent years, driven by geopolitical tensions, supply chain disruptions, proximity to customers and markets, eco-system synergies and the need for positive impact on the domestic economy. Digital labor can make processes more adaptable.

Manufacturing 79

Manufacturing Cost-Benefit Machine Learning Optimization 79

datapine

NOVEMBER 27, 2019

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. technologies, with online BI tools. 3) Artificial Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

O'Reilly on Data

NOVEMBER 28, 2023

Generative AI has been the biggest technology story of 2023. Executive Summary We’ve never seen a technology adopted as fast as generative AI—it’s hard to believe that ChatGPT is barely a year old. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing.

Enterprise 342

Enterprise Modeling Testing Reporting 342

CIO Business Intelligence

MARCH 6, 2024

Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. 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. As Industry 4.0

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

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

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

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

SEPTEMBER 26, 2024

Some industry experts believe the pull-back is only temporary, and the future for self-checkout is bright — as soon as new technologies begin to be deployed on a large scale. When combined and supported by industry standards, the technologies may be the secret sauce to the next generation of self-check.

IT 131

IT Manufacturing IoT Cost-Benefit 131

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.

Risk 141

Risk Testing Strategy Risk Management 141

CIO Business Intelligence

OCTOBER 24, 2023

Operational technology (OT) is an area that is often overlooked as they include systems and technologies that the eye cannot always see. For example, at an industrial site, a manufacturing line alone is not directly accessible over the internet. If you aren’t sure, you aren’t alone.

Risk 83

Risk Manufacturing Digital Transformation Management 83

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

NOVEMBER 14, 2023

It also introduces new security challenges that demand our attention, especially as IoT is integrated into operational technology (OT) environments. 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.

IoT 130

IoT Enterprise Manufacturing Internet of Things 130

CIO Business Intelligence

NOVEMBER 14, 2024

Challenge: Employee hiring and retention Today’s employees have increasingly high expectations around corporate values, culture, flexibility, and available technology. Learn more about IDC’s research for technology leaders OR subscribe today to receive industry-leading research directly to your inbox.

IT 64

IT Cost-Benefit Manufacturing Sales 64

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