Remove 2022 Remove Cost-Benefit Remove Manufacturing Remove Risk
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By enabling “ask and expert” capabilities, generative AI like Microsoft Copilot will transform manufacturing

CIO Business Intelligence

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.

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P&G turns to AI to create digital manufacturing of the future

CIO Business Intelligence

(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.

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5 top ERP trends for 2022 — and their implications for IT leaders

CIO Business Intelligence

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
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State of the CIO, 2022: Focus turns to IT fundamentals

CIO Business Intelligence

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center. Source: State of the CIO, 2022.

IT 130
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MRO spare parts optimization

IBM Big Data Hub

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. regulations, undergoing digital transformation and the need for cost-cutting. What’s at stake? trillion, up from USD 864 billion in 2019 to 2020.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. And from that group, 71% would pay a premium for it.

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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028. With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Financial services: Develop credit risk models.