IBM Big Data Hub

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 86

Strategy Management Forecasting Cost-Benefit 86

IBM Big Data Hub

DECEMBER 20, 2023

By giving machines the growing capacity to learn, reason and make decisions, AI is impacting nearly every industry, from manufacturing to hospitality, healthcare and academia. Without an AI strategy, organizations risk missing out on the benefits AI can offer. What is an AI strategy?

Strategy 77

Strategy Business Objectives Cost-Benefit Consulting 77

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. Security is paramount for the core infrastructure that supports manufacturing and industrial operations.

ROI 119

ROI Manufacturing Cost-Benefit IoT 119

CIO Business Intelligence

JANUARY 12, 2023

In many ways, the manufacturing industry stands on edge—emerging from a pandemic and facing all-time highs in demand yet teetering on inflation-related economic uncertainty and coping with skilled labor shortages. 2] As with any advancement in technology, edge computing comes with benefits and drawbacks.

Manufacturing 73

Manufacturing Technology IoT Internet of Things 73

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. 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. What is an asset?

Strategy 74

Strategy Management Cost-Benefit IoT 74

CIO Business Intelligence

JULY 19, 2023

To put it in context, one in three trains that circulate in Spain is manufactured by Alstom. We started the digital transformation journey in 2015, and since then, we’ve focused on a strategy that was risky at first, but it’s paid off. Can you describe the strategy behind purchasing Bombardier’s railway business for €4.4

Strategy 91

Strategy IT Digital Transformation Cost-Benefit 91

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness.

Cost-Benefit 52

Cost-Benefit Finance Optimization Key Performance Indicator 52

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! What Is A Performance Report?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. says CIOs should apply agile processes to their gen AI strategy. It’s not a hammer.

Strategy 95

Strategy Risk Enterprise Risk Management 95

Sisense

JANUARY 13, 2020

The modern manufacturing world is a delicate dance, filled with interconnected pieces that all need to work perfectly in order to produce the goods that keep the world running. In Moving Parts , we explore the unique data and analytics challenges manufacturing companies face every day. The world of data in modern manufacturing.

Manufacturing 52

Manufacturing Data Lake Big Data Data Warehouse 52

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We In this way, Rockwell has transformed into a partner that accompanies customers throughout the lifecycle of manufacturing, he says.

Modeling 100

Modeling Manufacturing Digital Transformation Cost-Benefit 100

Ontotext

APRIL 6, 2023

Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. As we have seen, many leading auto part makers and car manufacturers use knowledge graphs to improve their operations. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. FinOps is part of the equation, but from a CIO perspective, you need a top-down view that starts with the strategy before you talk about the components of it,” McMasters says.

Cost-Benefit 111

Cost-Benefit Measurement Optimization Metrics 111

CIO Business Intelligence

DECEMBER 6, 2023

British multinational packaging giant DS Smith has committed itself to ambitious sustainability goals, and its IT strategy to standardize on a single cloud will be a key enabler. The single-cloud platform strategy will include SaaS partners used for automation of more than 40 enterprise applications, Dickson says.

Manufacturing 79

Manufacturing Data Lake Digital Transformation Machine Learning 79

DataRobot Blog

AUGUST 18, 2022

Keeping pace with the connected consumer, embracing emerging trends in shopping, or staying ahead of the competition—these challenges bear down on retailers and manufacturers greater than ever before. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

CIO Business Intelligence

FEBRUARY 27, 2024

Then, you should link your infrastructure adoption and governance strategy to specific business outcomes. The dangers of sweating assets If you have an older phone, the manufacturer eventually stops updating the software. The phone will have to be replaced every few years to keep supporting new apps.

Technology 98

Technology Management Manufacturing Cost-Benefit 98

CIO Business Intelligence

FEBRUARY 7, 2024

API-first strategies on the rise APIs are ubiquitous within modern software architectures, working behind the scenes to facilitate myriad connected capabilities. “As APIs remain central to tech strategy and are more vital than ever due their use by LLMs, including OpenAI plugins,” says O’Neill.

Business Objectives 120

Business Objectives Cost-Benefit Strategy Data-driven 120

CIO Business Intelligence

APRIL 4, 2024

“Everyone is running around trying to apply this technology that’s moving so fast, but without business outcomes, there’s no point to it,” says Redmond, CIO at power management systems manufacturer Eaton Corp. “We Webster Bank is following a similar strategy. Production is another area that benefits from AI. “At Diasio agrees.

Enterprise 129

Enterprise Cost-Benefit Forecasting Strategy 129

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 143

Analytics Cost-Benefit Forecasting Manufacturing 143

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 134

Cost-Benefit Digital Transformation Consulting Strategy 134

datapine

JUNE 5, 2019

As mentioned earlier, a data dashboard has the ability to answer a host of business-related questions based on your specific goals, aims, and strategies. A data dashboard assists in 3 key business elements: strategy, planning, and analytics. We’ll discuss the primary features or benefits of BI-powered dashboards in due course.

Dashboards 316

Dashboards KPI Sales Visualization 316

CIO Business Intelligence

JUNE 23, 2023

German vehicle manufacturer Volkswagen is one enterprise going the co-creation route, building its own industry cloud for automobile manufacturing in concert with AWS and MHP, a Porsche-owned IT consultant. If BMW, or Ford, or Tesla would like to use our microservices in their manufacturing facilities, they could do that.”

Manufacturing 95

Manufacturing Digital Transformation Cost-Benefit Enterprise 95

CIO Business Intelligence

DECEMBER 14, 2023

At yet when it is home to many of your company’s assets, as is the case for ConocoPhillips, sometimes the best IT strategy is to bring technologies closer to the edge. Such lead times call for a large physical inventory of replacement parts, which comes with warehousing costs and the ad valorem tax of storage.

Manufacturing 74

Manufacturing Digital Transformation Experimentation Cost-Benefit 74

Smart Data Collective

JUNE 19, 2022

The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. The availability of materials can cause failures, as suppliers cannot manufacture products when they lack the resources to do so. Price and Cost Risk. Businesses do not exist on islands. Quality Risk.

Risk 130

Risk Cost-Benefit Risk Management Manufacturing 130

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Other companies may choose to leverage a type of sourcing called near-sourcing.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.

Marketing 143

Marketing IT Cost-Benefit Enterprise 143

Smart Data Collective

NOVEMBER 1, 2021

However, there are a lot of other benefits as well. 3D Printing is Crucial for Cost Optimization in 3D Printing. This study covered a lot of issues, but one of them was the importance of using AI to control costs. This has made cost a primary factor during production. This gives you a higher success rate.

Machine Learning 133

Machine Learning Cost-Benefit Manufacturing Optimization 133

datapine

AUGUST 19, 2020

Indeed, they help you drive the most effective behaviors, strategies, and decisions. Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport. You can calculate it by dividing the costs of goods sold by the average inventory.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. It doesn’t matter if you own a manufacturing business, an ecommerce, or a retail shop, you have IT needs.

Data-driven 103

Data-driven IT Cost-Benefit Big Data 103

datapine

JUNE 22, 2022

3) Benefits Of Setting KPIs Targets & Goals. Starting with a definition, going through some benefits and tips on how to define them, and finishing with a list of examples generated with a modern KPI tool. In short, these two progress measurements work together as part of a whole business strategy. Table of Contents.

KPI 152

KPI Key Performance Indicator Measurement Cost-Benefit 152

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

Cloudera

MAY 4, 2022

When a company embraces an AI-first strategy , it makes a conscious decision to transform itself today and set itself up for ongoing innovation and adaptation in the future. . Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. The future is now.

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

CIO Business Intelligence

JUNE 1, 2022

For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. . Success stories abound in industries including manufacturing, utilities, life sciences, oil and gas, and research environments. . A Competitive Differentiator.

Manufacturing 101

Manufacturing Digital Transformation Predictive Analytics Strategy 101

CIO Business Intelligence

MARCH 8, 2023

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice.

Manufacturing 78

Manufacturing Business Objectives Cost-Benefit Optimization 78

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. The demand for sustainable technologies and tech-enablement of ESG strategies has gained speed.

Cost-Benefit 88

Cost-Benefit Risk Strategy Manufacturing 88

IBM Big Data Hub

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Lower fulfillment shipping costs and improved customer satisfaction.

Consulting 70

Consulting Cost-Benefit Manufacturing B2B 70

CIO Business Intelligence

AUGUST 5, 2022

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice. The HPE GreenLake Advantage.

IT 89

IT Manufacturing Business Objectives Cost-Benefit 89