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

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. This allows companies to model and optimize the interactions between the various computers that make a car run, ensuring everything is operating in sync to meet the desired specifications.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

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. Sales optimization In sales, AI can provide account reps with the information they need to close deals. Here’s a look at a few areas where it’s gaining influence. AI can help every step of the way.

Sales 131

Sales Cost-Benefit Manufacturing Forecasting 131

IBM Big Data Hub

JUNE 30, 2023

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers.

B2B 62

B2B Manufacturing Consulting Forecasting 62

Cloudera

AUGUST 3, 2021

Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed. Advanced analytics empower risk reduction . Digital Transformation is not without Risk.

Analytics 111

Analytics Digital Transformation Forecasting Risk 111

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 79

Cost-Benefit Scorecard Risk Recreation/Entertainment 79

CIO Business Intelligence

JULY 18, 2023

It was when Nvidia reported strong results for the three months to April 30, 2023, and forecast that its sales could jump by 50% in the following fiscal quarter, that its stock market valuation soared, catapulting it into the exclusive trillion-dollar club alongside well-known tech giants Alphabet, Amazon, Apple, and Microsoft.

Manufacturing 98

Manufacturing Forecasting Software Testing 98

IBM Big Data Hub

JULY 26, 2023

Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. Anomaly detection: Some manufacturers have zero-defect goals.

Optimization 73

Optimization Manufacturing Cost-Benefit Risk 73

CIO Business Intelligence

JUNE 6, 2024

“We’re committed to running the greenest infrastructure… sustainable data centers keep energy costs down and minimize usage with more efficient hardware, smart power management, optimized thermals, liquid and air cooling, and using green energy sources,” he added.

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CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. At Eaton, for example, an AI-based sales forecasting tool has the potential to boost productivity dramatically. We want to maintain discipline and go deep.”

Enterprise 134

Enterprise Cost-Benefit Forecasting Sales 134

IBM Big Data Hub

MAY 17, 2024

They can provide valuable insights and forecasts to inform organizational decision-making in omnichannel commerce, enabling businesses to make more informed and data-driven decisions. But as businesses around the globe rapidly adopt the technology to augment processes from merchandising to order management, there is some risk.

B2B 65

B2B Interactive Optimization Forecasting 65

CIO Business Intelligence

DECEMBER 13, 2023

The evolution of AI and the use of structured and unstructured data When discriminative AI rose to prominence in sectors such as banking, healthcare, retail, and manufacturing, it was primarily trained on and used to analyze, classify, or make predictions about unstructured data.

Unstructured Data 98

Unstructured Data IoT Metadata Manufacturing 98

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. in concert with Microsoft’s AI-optimized Azure platform. Generative AI, IT Leadership, IT Strategy

Risk 141

Risk Manufacturing Enterprise Technology 141

IBM Big Data Hub

FEBRUARY 14, 2024

Process automation is often centered on efforts to optimize spend, achieve greater operational efficiency and incorporate new and innovative technologies, which often translate into a better customer experience. See what’s ahead AI can assist with forecasting. ML can also conduct algorithmic trading without human intervention.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

bridgei2i

JUNE 3, 2020

However, Italy, which seems to be flattening the curve, has started showing signs of optimism. Across markets, younger generations (including Generation Z and millennials) express less optimism and more worry than more mature generations. Consumer sentiment has turned more pessimistic in the US, France, and the UK. Mobile electronics.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

bridgei2i

MAY 26, 2020

By allowing that, they could have a steady demand forecast based on sensing algorithms and react faster to such events. He has delivered hundreds of millions of dollars of impact to his clients in High-Tech CPG and Manufacturing Industries, particularly in the areas of demand forecasting, inventory and procurement planning.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131

datapine

JUNE 15, 2023

On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind. By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation. What Is The Importance of Performance Reports?

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

Smarten

JUNE 8, 2022

In this article, we provide some examples of what a Citizen Data Scientist can do to advance the goals and interests of the organization and optimize their productivity and performance. If the enterprise is to succeed, it must strive for accuracy and identify trends and patterns to predict future results and mitigate risk and downtime.

Predictive Analytics 52

Predictive Analytics Predictive Modeling Forecasting Optimization 52

IBM Big Data Hub

FEBRUARY 13, 2024

Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale. It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

IBM Big Data Hub

DECEMBER 1, 2023

An example is manufacturing industry software which includes MRP, or material requirements planning. Enterprise resource planning systems aim to address all aspects of a business and improve business processes, such as accounting, real-time financial reporting, forecasting and other processes. Who does on-premises ERP best serve?

Enterprise 86

Enterprise Cost-Benefit Consulting Software 86

Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. 2 Through artificial intelligence-based prediction, there can be improvement in decision making regarding droughts and better methods and timing employed to ensure optimal water resource allocation and disseminating information ahead of drought events. Optimization of Electric Vehicle Charging.

Machine Learning 120

Machine Learning Cost-Benefit Optimization Forecasting 120

CIO Business Intelligence

MARCH 9, 2022

In manufacturing, HPC and AI are being used for predictive and prescriptive maintenance, automation of product lifecycle management, and short design cycles. The weather and climate research industry employ these solutions for timely and more precise weather forecasting and better understanding of climate change.

Cost-Benefit 124

Cost-Benefit Manufacturing Consulting Optimization 124

IBM Big Data Hub

JUNE 20, 2023

Greater alignment across business units: Optimize management processes according to a variety of factors beyond just the condition of a piece of equipment. capital and manpower), projected downtime and its implications for the business, worker safety, and any potential security risks associated with the repair.

Strategy 71

Strategy Management Cost-Benefit IoT 71

IBM Big Data Hub

JULY 19, 2023

The exponential leap in generative AI is already transforming many industries: optimizing workflows , helping human teams focus on value added tasks and accelerating time to market. Yet, it is burdened by long R&D cycles and labor-intensive clinical, manufacturing and compliancy regimens.

Consulting 59

Consulting Machine Learning Manufacturing Optimization 59

bridgei2i

JUNE 3, 2020

Demand for minimal physical interaction/low human touch products: Due to the risk of infection, customers want to pick up products with minimal human contact. Similar is the situation for a leading manufacturer of hygiene products in the US. Hence takeaway/ready-to-eat food has scored over fast food counters/restaurants.

Manufacturing 52

Manufacturing Forecasting Uncertainty Digital Transformation 52

AWS Big Data

MARCH 21, 2024

The volume of data generated globally continues to surge, from gaming, retail, and finance, to manufacturing, healthcare, and travel. You risk under-provisioning for peak traffic, which can lead to downtime, or over-provisioning for base load, leading to wastage. Apache Kafka is a popular choice for these real-time streaming needs.

Data Lake 97

Data Lake Management Modeling Optimization 97

O'Reilly on Data

JULY 28, 2020

If this sounds fanciful, it’s not hard to find AI systems that took inappropriate actions because they optimized a poorly thought-out metric. For example, an AI product that helps a clothing manufacturer understand which materials to buy will become stale as fashions change.

Marketing 362

Marketing Experimentation Metrics Testing 362

Jet Global

APRIL 24, 2020

They face radical healthcare reforms that affect drug trials, sales, pricing, and manufacturing. The pharmaceutical industry is a capital intensive, high risk industry characterized by big upfront costs and a lengthy wait to see a financial return, and that assumes that the new product is approved at all. Pharma’s Unique Struggle.

Management 64

Management Finance Cost-Benefit Sales 64

IBM Big Data Hub

JULY 6, 2023

Some examples of data science use cases include: An international bank uses ML-powered credit risk models to deliver faster loans over a mobile app. A manufacturer developed powerful, 3D-printed sensors to guide driverless vehicles. Healthcare companies are using data science for breast cancer prediction and other uses.

Machine Learning 54

Machine Learning Data Science Statistics Deep Learning 54

CIO Business Intelligence

SEPTEMBER 8, 2022

The enormous potential of real-time data not only gives businesses agility, increased productivity, optimized decision-making, and valuable insights, but also provides beneficial forecasts, customer insights, potential risks, and opportunities,” said Krumova. Customers have too many options. Gold Associates LLC.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

bridgei2i

JUNE 30, 2020

And the customers are avoiding the risk of exposure. The pre-COVID-19 forecasts are no longer kind of valid as the pandemic has entirely disrupted the market. They need to figure out ways on how to balance their workforce with the right skills and also optimize cost. So a lot of disruption is happening in the supply chain area.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98

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 71

Manufacturing Technology Internet of Things Cost-Benefit 71

IBM Big Data Hub

OCTOBER 16, 2023

Marketers use ML for lead generation, data analytics, online searches and search engine optimization (SEO). ML also helps businesses forecast and decrease customer churn (the rate at which a company loses customers), a widespread use of big data. ML can also conduct algorithmic trading without human intervention.

Machine Learning 49

Machine Learning Marketing Forecasting Modeling 49

Jedox

MARCH 5, 2020

Outdated and ailing platforms eventually lead to a loss of productivity and efficiency which ultimately causes the organization to lose their competitive edge and ability to optimize their value creation. The easy-to-use extension of planning with the forecasting function is another advantage. The same applies to reporting.

Data-driven 52

Data-driven Software Manufacturing Forecasting 52

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Cloudera

NOVEMBER 12, 2020

Cloud has given us hope, with public clouds at our disposal we now have virtually infinite resources, but they come at a different cost – using the cloud means we may be creating yet another series of silos, which also creates unmeasurable new risks in security and traceability of our data. You are probably hesitant.

Data Warehouse 105

Data Warehouse Reporting Risk Cost-Benefit 105