IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption.

Strategy 87

Strategy Management Forecasting Cost-Benefit 87

CIO Business Intelligence

DECEMBER 8, 2022

While organizations know they need to mitigate environmental risks more effectively across the supply chain, often they struggle to translate that ambition into results. One of the biggest challenges of IoT is proving ROI,” says Devin Yaung, SVP, Group Enterprise IoT Products and Services at NTT. Edge Computing.

IoT 101

IoT ROI Cost-Benefit Risk 101

IBM Big Data Hub

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Lower fulfillment shipping costs and improved customer satisfaction.

Consulting 71

Consulting Cost-Benefit Manufacturing B2B 71

CIO Business Intelligence

APRIL 6, 2022

The industry is buzzing with bold ideas such as “the edge will eat the cloud” and real-time automation will spread across healthcare, retail, and manufacturing. The first wave of edge computing: Internet of Things (IoT). In addition, retrofitting existing equipment with sensors was often cost prohibitive. Moving beyond IoT 1.0.

IoT 105

IoT Internet of Things Data-driven Manufacturing 105

CIO Business Intelligence

APRIL 4, 2024

“Everyone is running around trying to apply this technology that’s moving so fast, but without business outcomes, there’s no point to it,” says Redmond, CIO at power management systems manufacturer Eaton Corp. “We Production is another area that benefits from AI. “At Webster Bank is following a similar strategy.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

IBM Big Data Hub

JANUARY 15, 2024

A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average. Trend: Cybersecurity By virtue of moving many services online, organizations are at greater risk of digital attacks.

Digital Transformation 76

Digital Transformation Internet of Things IoT Consulting 76

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 97

Reporting Cost-Benefit Internet of Things Data-driven 97

IBM Big Data Hub

JUNE 20, 2023

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 76

Strategy Management Cost-Benefit IoT 76

CIO Business Intelligence

OCTOBER 27, 2022

A key driver for this is the steep resource cost in keeping customized implementations apace with the latest features — a cost many CIOs forgo in favor of stagnancy, at the risk of falling behind. This is cumbersome and leads to additional cost. Industry ERP solutions are increasingly finding favor among CIOs.

IT 145

IT Cost-Benefit Finance Marketing 145

Cloudera

AUGUST 3, 2021

Advanced analytics empower risk reduction . Advanced analytics and enterprise data are empowering several overarching initiatives in supply chain risk reduction – improved visibility and transparency into all aspects of the supply chain balanced with data governance and security. . Digital Transformation is not without Risk.

Analytics 108

Analytics Digital Transformation Risk Forecasting 108

BizAcuity

JULY 15, 2022

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. As a result, the demand for IoT devices is expected to sky-rocket in the near-future. These features make it a transparent and trusted system to work with.

Technology 52

Technology Management IoT Cost-Benefit 52

bridgei2i

JUNE 3, 2020

CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale. Driving customers to unassisted support can improve customer experience (CX) while reducing costs. Apple launched an iPhone version almost every three months.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

Cloudera

AUGUST 22, 2021

It seems like there’s always something new to look out for every day, be it new use cases, technology or ways that organizations can benefit. This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI.

Cost-Benefit 103

Cost-Benefit Strategy IoT ROI 103

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 76

Manufacturing Technology Internet of Things Cost-Benefit 76

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

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 71

Cost-Benefit Data Integration Data Architecture Manufacturing 71

Jet Global

MARCH 6, 2020

The industrial manufacturing industry produces unprecedented amounts of data, which is increasing at an exponential rate. by 2025, and 90 ZB of this data will be from IoT devices. Yet harnessing the corre ct data, turning that into manufacturing savvy, and achieving smart decisions from it are complex and overwhelming task s.

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

CIO Business Intelligence

AUGUST 15, 2023

From healthcare to manufacturing, this year’s award winners span a wide range of industries, proving once again the impact information technology has in reshaping business and society at large. A risk-limiting audit (RLA) is one audit type used for election verification. The project has been transformative for Generac’s business.

IT 98

IT Manufacturing IoT Cost-Benefit 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 141

Measurement Digital Transformation KPI Metrics 141

IBM Big Data Hub

MAY 31, 2023

When assets malfunction or aren’t performing optimally, there can be safety issues and financial implications – the average manufacturer reportedly loses about 800 hours a year in downtime. It is suited to low-cost, non-critical assets that don’t pose safety or operational risks if a run-to-failure strategy is deployed.

Cost-Benefit 96

Cost-Benefit Strategy IoT Internet of Things 96

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 136

Cost-Benefit ROI Manufacturing Optimization 136

CIO Business Intelligence

AUGUST 16, 2022

Keith Bentley of software developer Bentley Systems describes digital twins as the biggest opportunity for IT value contribution to the physical infrastructure industry since the personal computer, and they’re used in a wide variety of industries , lending enterprises insights into maintenance and ways to optimize manufacturing supply chains.

Visualization 145

Visualization Cost-Benefit IoT ROI 145

IBM Big Data Hub

JULY 28, 2023

To prevent costly product recalls, excessive scrap, re-work and other costs associated with poor quality, companies look to automate inspections and identify weld defects early and consistently. We only enjoy the benefits it brings us. Manufacturers are the unsung heroes who make sure we’re safe, day in and day out.

Machine Learning 56

Machine Learning Manufacturing Cost-Benefit Visualization 56

IBM Big Data Hub

JUNE 29, 2023

As the pace of digital transformation accelerates in the manufacturing and engineering industries, two concepts have gained significant traction: digital twins and digital threads. Here, we will compare digital twins and digital threads, and discuss potential use cases and benefits. What are digital twins?

Manufacturing 57

Manufacturing Internet of Things Digital Transformation Optimization 57

Cloudera

APRIL 13, 2021

What’s the fastest and easiest path towards powerful cloud-native analytics that are secure and cost-efficient? And sure, we’re a little biased—but only because we’ve seen firsthand how CDP helps our customers realize the full benefits of public cloud. . In our humble opinion, we believe that’s Cloudera Data Platform (CDP).

Enterprise 74

Enterprise Cost-Benefit Data Warehouse Data Architecture 74

FineReport

APRIL 11, 2023

In this article, we will explore what BI Dashboard is, its key features, benefits and limitations, and best practices and examples. These challenges are not necessarily a result of software design, but rather arise from how dashboards are employed and the cost of creating, implementing, and maintaining them.

Dashboards 40

Dashboards Business Intelligence Cost-Benefit Metrics 40

IBM Big Data Hub

AUGUST 8, 2023

One business’ assets might be thousands of miles of electrical wiring, while another’s might be manufacturing equipment or warehouses. Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns.

Software 53

Software Enterprise Management Cost-Benefit 53

Cloudera

NOVEMBER 4, 2020

Customers, especially in personal lines, tend not to focus on risk and exposure changes at renewals, but their agents or brokers do. The best price that can be offered is based on providing only the insurance that is needed and appropriate to the specific needs and risks of the customer at that point in time or during the policy period.

Insurance 111

Insurance Machine Learning Risk IoT 111

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 58

Manufacturing Internet of Things Cost-Benefit Digital Transformation 58

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 86

Manufacturing Cost-Benefit Machine Learning Optimization 86

CIO Business Intelligence

APRIL 12, 2022

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

IoT Analytics Manufacturing Cost-Benefit 105

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361