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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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Reshoring: The risks of swinging the pendulum too far

IBM Big Data Hub

However, a 2022 report by the World Bank estimated that the global economy could lose up to USD 1.2 Companies can manufacture products closer to the consumer, reducing the risk of disruption caused by natural disasters and geopolitical instability. trillion in 2023 because of these disruptions.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

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. And from that group, 71% would pay a premium for it.

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Gartner D&A Summit Bake-Offs in London 2023: Flooding Impact And Reasons for Optimism!

Rita Sallam

Are there mitigation strategies that show reasons for optimism? We also gave the demo script and data set to all vendors in the Exhibit Hall to create demos for their booths and to submit for this blog. The results showing the impact of flooding, predictions for the future and reasons for optimism were fascinating.

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UK Government tests frictionless trade models with Ecosystem of Trust pilots

IBM Big Data Hub

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The consortium ran a pilot that provided the government with additional supply chain data for 700,000 consignments.

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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events. The smart factories that make up Industry 4.0 Join the IBM Sustainability Community 1 Green transition creates $10.3T

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The importance of diversity in AI isn’t opinion, it’s math

IBM Big Data Hub

. “For most of the over 6,000 languages in the world, the text data available is not enough to train a large-scale foundation model” (from “ On the Opportunities and Risks of Foundation Models ,” Bommasani et al., We must ask, what is the intent of the model and for whom is it optimized?