Business Intelligence, Forecasting, Manufacturing and Reporting

Creating value with generative AI in manufacturing

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. Others are weighing the advantages of subscription-based business models where industrial equipment, automation, and processes are delivered as a service.

Manufacturing

Manufacturing Sales Risk Management Forecasting

30 Best Manufacturing KPIs and Metric Examples for 2021 Reporting

Jet Global

JANUARY 8, 2021

Manufacturing. Whitepaper: How to Compare Reporting & BI Solutions. The manufacturing industry is continually moving toward automation and away from manual labor. Manufacturing Operational Key Performance Indicators. The manufacturing industry has been continually evolving since the industrial revolution.

Metrics

Metrics Manufacturing Reporting KPI

9 most in-demand IT jobs in manufacturing

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

Manufacturing IT Software Digital Transformation

Webinars

Leading the Development of Profitable and Sustainable Products

How To Get Promoted In Product Management

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AI Can Help Retailers and Manufacturers Navigate Supply Chain Challenges

DataRobot

JULY 22, 2021

Retailers, manufacturers, and pharmaceutical companies all have struggled to align production and stocking with rapid shifts in demand. Using machine learning in conjunction with existing business intelligence solutions can give retailers and manufacturers a much more accurate and realistic insight into future demand, even in uncertain times.

Manufacturing

Manufacturing Forecasting Machine Learning Data-driven

What Role Does Data Mining Play for Business Intelligence?

Jet Global

JUNE 5, 2019

In the modern era, businesses are continually looking for a competitive advantage—something that will allow them to deliver goods or services at a lower cost, higher quality, and faster speed than their competitors. to analyze past events to forecast future events. Data Mining and Business Intelligence.

Data mining

Data mining Business Intelligence OLAP Key Performance Indicator

Predictive Analytics: The Next Frontier of Business Intelligence

Sisense

FEBRUARY 18, 2021

Sadly, many companies are stuck using outmoded analytics that give them static, historical reports that only describe what has already happened and are useless in planning for the future. Advanced, complex systems use historical data to establish patterns and then use those patterns to give human users an idea of what’s to come.

Predictive Analytics

Predictive Analytics Business Intelligence Analytics Manufacturing

Supply chain woes? Analytics may be the answer

CIO Business Intelligence

APRIL 5, 2022

Optimas Solutions, a manufacturer and distributor of fasteners, is using data analytics in three critical areas to improve operations and relationships with its suppliers and customers, says Mark Korba, vice president of supply chain and business intelligence at the company. Enhancing operations and relationships with suppliers.

Analytics

Analytics Cost-Benefit Forecasting Manufacturing

What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4%

Predictive Analytics

Predictive Analytics Analytics Predictive Modeling Forecasting

The impact of AI on edge computing

CIO Business Intelligence

APRIL 30, 2024

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 over the 2023-2027 forecast period 1. 1 IDC forecasts spending on GenAI solutions will double in 2024 and grow to $151.1

Forecasting

Forecasting Optimization Advertising IoT

Top 8 predictive analytics tools compared

CIO Business Intelligence

MAY 12, 2022

Predictive analytics tools blend artificial intelligence and business reporting. Anyone who works in manufacturing knows SAP software. The tool builds heavily on business intelligence and reporting by treating predictions as just another column in the analytics presentation.

Predictive Analytics

Predictive Analytics Analytics Statistics Machine Learning

How Nvidia became a trillion-dollar company

CIO Business Intelligence

JULY 18, 2023

Nvidia’s transformation from an accelerator of video games to an enabler of artificial intelligence (AI) and the industrial metaverse didn’t happen overnight—but the leap in its stock market value to over a trillion dollars did. The resulting imagery can be used for marketing or collaborating on new designs and manufacturing processes.

Manufacturing

Manufacturing Forecasting Software Testing

Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

APRIL 9, 2024

But negotiations to sell that business to investment fund EP Equity Investment collapsed in February 2024. billion from the sale of its big data and security activities to aircraft manufacturer Airbus fell through in March. Another project to raise €1.8 Neither of those sales would have fixed the underlying profitability problem.

Forecasting

Forecasting Finance Sales Big Data

Generative AI usage gains traction among enterprises: McKinsey

CIO Business Intelligence

AUGUST 1, 2023

The usage of generative AI across enterprises is already widespread, although it is still early days for the new technology, according to a report from McKinsey’s AI consulting service, Quantum Black. This usage was highest in the technology sector, and among respondents from North America, the report showed.

Enterprise

Enterprise Sales Manufacturing Forecasting

Revolutionizing the consumer goods industry with integrated business planning

IBM Big Data Hub

APRIL 14, 2023

The world of business demands the right decisions to succeed. For Al Rabie —a prominent juice manufacturing company in the Middle East—their reality was no different. They faced obstacles such as a prolonged budget process, manual forecasting, and no product profitability.

Forecasting

Forecasting Sales Dashboards Reporting

What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

JUNE 7, 2022

In business analytics, this is the purview of business intelligence (BI). Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes.

Data Analytics

Data Analytics Diagnostic Analytics Management Analytics

Accenture buys Navisite in its 4th acquisition of 2024

CIO Business Intelligence

JANUARY 11, 2024

The company has served clients in sectors such as technology, business services, healthcare, life sciences and manufacturing. The global end-user spending on public cloud services is forecast to grow 20.4% billion in 2023, according to a report from Gartner. billion in 2024, up from $563.6

IT

IT Consulting Digital Transformation Manufacturing

Project Dashboard: Drive You To The Business Success

FineReport

SEPTEMBER 16, 2021

When visitors use the dashboard to view progress, health and forecasts of the project, visitors can view more accurate data more conveniently and efficiently. FineReport is a representative business intelligence tool on the market that provides project dashboards. Manufacturing command room dashboard. Free trial.

Dashboards

Dashboards Manufacturing Digital Transformation Forecasting

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

NOVEMBER 14, 2022

Bayer Crop Science has applied analytics and decision-support to every element of its business, including the creation of “virtual factories” to perform “what-if” analyses at its corn manufacturing sites. Decision support systems vs. business intelligence DSS and business intelligence (BI) are often conflated.

Data mining

Data mining Data-driven Statistics OLAP

An Introduction To Data Dashboards: Meaning, Definition & Industry Examples

datapine

JUNE 5, 2019

Enter data dashboards – one of history’s best innovations in business intelligence. Without the existence of dashboards and dashboard reporting practices, businesses would need to sift through colossal stacks of unstructured data, which is both inefficient and time-consuming.

Dashboards

Dashboards KPI Sales Visualization

The AI revolution is here. How do you make sense of it?

CIO Business Intelligence

JUNE 6, 2024

Meanwhile, ST Engineering provides intelligent transportation solutions that leverage AI and data analytics to connect people, devices, and systems. The transformative power of gen AI can already be seen in manufacturing, with businesses running demand forecasting based on historical data, customer buying patterns, and other factors.

Cost-Benefit

Cost-Benefit IT Data-driven Digital Transformation

Grounding sky-high cloud costs: 3 hot tips

CIO Business Intelligence

JUNE 3, 2024

The bottom line: CFOs and CIOs need fixed costs for easier budgeting and forecasting. Governance neutralizes instability Cloud-enabled businesses need to closely track all cloud costs, delineating their existing inventory of services and their associated costs, users, and usage data. See how one manufacturer did this and saved $1.4M.

Cost-Benefit

Cost-Benefit Optimization ROI Strategy

Why Analytics Are Essential in Times of Crisis

Sisense

MARCH 24, 2020

One area they refused to cut, however, was their business intelligence program. BA claimed that a continued investment in analytics during the crisis was a critical factor to streamlining marketing activities and thwarting fraudulent bookings when their business was especially fragile. Efficiently focus resources.

Analytics

Analytics Sales Forecasting Business Intelligence

Top 35+ Distribution KPIs and Metric Examples for 2020 Reporting

Jet Global

JULY 8, 2020

Distribution is the often-forgotten little brother of manufacturing. Most people are interested in utilizing KPIs to improve their manufacturing efficiency. And, as a bonus, we will also explain how you can streamline your reporting process using distribution reporting solutions. How to Build Useful KPI Dashboards.

Metrics

Metrics Reporting KPI Key Performance Indicator

“Cloud adoption momentum in the GCC will gain further impetus in 2024”

CIO Business Intelligence

DECEMBER 18, 2023

A lot of organizations started exploring a variety of GenAI-enabled business use cases, and especially large organizations (with more than 500+ employees) have been more enthusiastic about adopting this new technology, mainly due to the competitive pressure, availability of financial resources, and skills to support.

Cost-Benefit

Cost-Benefit Risk Strategy Manufacturing

CIOs press ahead for gen AI edge — despite misgivings

CIO Business Intelligence

OCTOBER 18, 2023

Overall, as we near the first anniversary of ChatGPT’s release, the business world appears to be one in transition, working to lay the foundation for new gen AI–infused capabilities and platforms, with CIOs capably in the spotlight — and early misgivings, while not entirely forgotten, increasingly upstaged.

Risk

Risk Manufacturing Enterprise Technology

Wrangling ESG data: The CIO’s next challenge

CIO Business Intelligence

APRIL 28, 2022

Many organizations vest responsibility for creating what are usually called environmental, social, and governance (ESG) reports in a corporate sustainability officer or similar title. The intersection of ESG and the long-term business goals of enterprises are, more and more, starting to intersect,” he says. Reporting the data.

Measurement

Measurement Reporting Data-driven Manufacturing

5 ways to maximize your cloud investment

CIO Business Intelligence

JANUARY 10, 2024

But while McMasters’ forecasts are now more accurate, he still likes to have a cushion: he gives himself a 10 to 20% margin when pre-booking capacity, he says. Measure often, monitor constantly Proper insights require both a knowledge of desired business outcomes overall and for each business unit, and ongoing monitoring of key metrics.

Cost-Benefit

Cost-Benefit Measurement Optimization Metrics

Mastering Product Life Cycle Management with Analytics

Sisense

FEBRUARY 1, 2021

We will then see how business intelligence within PLM is leveraging AI analytics toward new levels of insight and productivity. The CAD component includes product prototypes and models based on actual parts’ manufacturing instructions. PDM often releases product CAD files to manufacturing.

Management

Management Analytics Manufacturing Cost-Benefit

The 10 highest-paying industries for IT talent

CIO Business Intelligence

JUNE 22, 2023

Here are the 10 industries with the highest tech salaries, and how much they’ve increased in value since 2021, according to the 2023 Dice Tech Salary Report. Consulting firms are increasingly turning to tech talent to help build in-house platforms, according to the report from Dice. Average salary: US$131,995 Increase since 2021: 0% 2.

IT

IT Insurance Recreation/Entertainment Consulting

5 challenges for securing the future

CIO Business Intelligence

JUNE 2, 2022

According to Microsoft’s 2021 Digital Defense Report , nearly 70% of data breaches were caused by phishing, and 98% of attacks could be prevented with basic security hygiene. plant production lines, manufacturing technology, utilities, elevators, thermostats, lights, and vehicles]. Industry challenges.

Software

Software Manufacturing Forecasting Sales

10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

APRIL 26, 2023

Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. For example, a computer manufacturing company could develop new models or add features to products that are in high demand. FineReport FineReport is a powerful reporting and big data tool that adopts popular 3-tier architecture.

Big Data

Big Data Data Analytics Analytics Cost-Benefit

Top 10 barriers to strategic IT success

CIO Business Intelligence

APRIL 29, 2024

Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. The State of the Tech Workforce 2024 report from nonprofit CompTIA , forecasts tech employment growth of 3.1% Rather, CIOs report that they often must quickly react as a new rule comes online or an existing one evolves.

IT

IT Consulting Technology Strategy

Using Business Intelligence in Demand Forecasting

Jet Global

JULY 11, 2019

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. This technology is being used in every industry, from banking to retail to determine customer responses or purchases, forecast inventory, manage resources, and even detect fraud.

Business Intelligence

Business Intelligence Forecasting Data Warehouse Predictive Analytics

Types of enterprise resource planning (ERP) systems

IBM Big Data Hub

DECEMBER 1, 2023

This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventory management to financial management. An example is manufacturing industry software which includes MRP, or material requirements planning.

Enterprise

Enterprise Cost-Benefit Consulting Software

30 Best Manufacturing KPIs and Metric Examples for 2020 Reporting

Jet Global

MARCH 4, 2020

What Is A Manufacturing KPI? A manufacturing Key Performance Indicator (KPI) or metric is a well defined and quantifiable measure that the manufacturing industry uses to gauge its performance over time. Why Your Company Should Be Using Manufacturing Specific KPIs to Stay Competitive. How to Build Useful KPI Dashboards.

Manufacturing

Manufacturing Metrics Reporting KPI

PepsiCo transforms for the digital era

CIO Business Intelligence

DECEMBER 1, 2022

To date the company has moved 5,000 applications to Microsoft Azure as it applies predictive analytics , AI, robotics, and process automation in many of its business operations. The company is also refining its data analytics operations, and it is deploying advanced manufacturing using IoT devices, as well as AI-enhanced robotics.

Digital Transformation

Digital Transformation IoT Data-driven KPI

What Are the Industries That Benefit Most from Big Data?

Smart Data Collective

FEBRUARY 2, 2021

By tracking patients’ health, drug interactions, and forecasting their needs, Big Data helps medical institutions deliver targeted solutions. Moreover, the use of data in talent acquisition helps build more relevant offers, increases retention, and forecast talent demand.

Big Data

Big Data Recreation/Entertainment Cost-Benefit Finance

Multi-cloud adoption and consumption trends

CIO Business Intelligence

APRIL 28, 2022

Many organizations are pulled along by notable success stories, such as how Brazilian customer experience company LIQ, with 600 servers, migrated 80% of its business application environments and 50% of its informational environments in just 3 months with Google Cloud VMware Engine.

Cost-Benefit

Cost-Benefit Manufacturing Forecasting Marketing

New CIO appointments in India, 2022

CIO Business Intelligence

MARCH 22, 2022

Pujari has over 25 years of experience across sectors including BFSI, manufacturing, consulting, publishing, airlines, and healthcare. Rakesh Dhanda has joined chemical manufacturer Rossari Biotech as CIO. Sanjay Verma has joined Akums India as group CIO, reporting to managing director Sandeep Jain.

Internet Publishing and Broadcasting

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment

3 powerful lessons of using data governance frameworks

CIO Business Intelligence

MAY 24, 2023

The biggest value comes when you can implement end-to-end use cases—combining manufacturing with sales forecast planning, for example.” If you’re not able to open data silos, you’re not able to harvest the benefits of the data across your company.

Data Governance

Data Governance Data Quality Data Collection Publishing

Accelerating VMware’s growth

CIO Business Intelligence

MAY 23, 2023

The forward-looking statements included in this communication are made only as of the date hereof.

Uncertainty

Uncertainty Cost-Benefit Risk Technology

Using Business Intelligence in Demand Forecasting

Jet Global

OCTOBER 1, 2019

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. This technology is being used in every industry, from banking to retail to determine customer responses or purchases, forecast inventory, manage resources, and even detect fraud.

Business Intelligence

Business Intelligence Forecasting Data Warehouse Predictive Analytics