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 71

Strategy Management Cost-Benefit IoT 71

Smart Data Collective

APRIL 24, 2019

If you represent a manufacturing concern and you’re wondering about the benefits of capturing and analyzing operational data , you’ve come to the right place. That’s a resounding show of approval, especially when you consider the pressure modern enterprises are up against when it comes to cutting costs.

Analytics 98

Analytics Manufacturing Cost-Benefit Internet of Things 98

IBM Big Data Hub

AUGUST 11, 2023

Gathering data from machines, sensors, operators and other Industrial Internet of Things (IIoT) devices, they provide accurate and up-to-date insights into the status of production activities. They also support the measurement of overall equipment effectiveness (OEE) , a significant metric used to gauge manufacturing efficiency.

Software 68

Software Manufacturing Cost-Benefit ROI 68

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. And more recently, we have also seen innovation with IOT (Internet Of Things). That’s the reward.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Alation

AUGUST 2, 2022

To enjoy the benefits of customer centricity, start by implementing the right habits such as these outlined by Gartner. What Are The Benefits Of Customer Centricity? Explore some additional benefits that a customer centric approach can unlock: Customer Acquisition. Reduce customer acquisition costs.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52