IBM Big Data Hub

DECEMBER 19, 2023

Weather forecasting By using historical data, supervised learning algorithms can assist in the prediction of weather patterns. Analyzing recent data related to barometric pressure, temperature and wind speeds allows meteorologists to create more accurate forecasts that take into account changing conditions.

Machine Learning 73

Machine Learning Optimization Unstructured Data Sales 73

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. Retailers and manufacturers that incorporate AI in supply chain management greatly enhance their ability to forecast demand, manage inventory, and optimize price.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

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. Automotive: Incorporate records of component sturdiness and failure into upcoming vehicle manufacturing plans.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

DataRobot Blog

MARCH 10, 2022

As a result of these technological advancements, the manufacturing industry has set its sights on artificial intelligence and automation to enhance services through efficiency gains and lowering operational expenses. Time-Series Forecasting?—? Manufacturers are attempting to monitor their facilities in near real-time.

Manufacturing 52

Manufacturing IoT Machine Learning Forecasting 52

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 145

Analytics Cost-Benefit Forecasting Manufacturing 145

CIO Business Intelligence

MARCH 18, 2024

Firms are using smart sensors and drones, cloud technologies, ERP tools, and forecasting models to optimize supply chains and drive innovation. Sustainable supply chains and ecosystems: A growing number of firms use technology to incorporate suppliers into their sustainability strategy.

Manufacturing 116

Manufacturing Forecasting Technology Software 116

Cloudera

SEPTEMBER 11, 2020

The ongoing disruption to critical supply chains in both the manufacturing and retail space has seen businesses having to respond quickly, turning to data, analytics, and new technologies to better predict and manage ‘real-time’ business disruptions. . What they have learned is that often their legacy Machine Learning models (e.g.

Manufacturing 86

Manufacturing Forecasting Digital Transformation Sales 86

Cloudera

SEPTEMBER 18, 2020

Demand Forecasting – Companies must move beyond basic demand forecasting using only historical transaction data to leveraging real-time datasets and external consumer demand signals. The pandemic has been a call to action for both the manufacturing and retail industries and that is the bottom line with COVID. Brent Biddulph: .

Manufacturing 80

Manufacturing IoT Forecasting Machine Learning 80

CIO Business Intelligence

FEBRUARY 13, 2024

Oracle is adding new capabilities to its Supply Chain and Manufacturing (SCM) Fusion Cloud to help enterprises manage their logistics. Gartner forecasts that enterprise spend on supply chain execution (SCE) software will rise to $8.8 billion, according to the Gartner forecast made in late 2022. billion in 2021.

Management 117

Management Forecasting Machine Learning Business Intelligence 117

IBM Big Data Hub

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

Strategy 89

Strategy Management Forecasting Cost-Benefit 89

Ontotext

APRIL 6, 2023

This allows companies to model and optimize the interactions between the various computers that make a car run, ensuring everything is operating in sync to meet the desired specifications. Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

IBM Big Data Hub

JUNE 30, 2023

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers.

B2B 67

B2B Manufacturing Consulting Forecasting 67

CIO Business Intelligence

JULY 18, 2023

It was when Nvidia reported strong results for the three months to April 30, 2023, and forecast that its sales could jump by 50% in the following fiscal quarter, that its stock market valuation soared, catapulting it into the exclusive trillion-dollar club alongside well-known tech giants Alphabet, Amazon, Apple, and Microsoft.

Manufacturing 98

Manufacturing Forecasting Software Marketing 98

bridgei2i

JULY 4, 2019

Machine learning-based Sell-In Forecasting for Consumer Electronics. The client, a Korean MNC that designs, manufactures and markets Home Appliances such as Refrigerators, Washers, and Microwaves and operates as over 100 subsidiaries globally. Our Forecasting Engine is a Proven Tool to Improve Visibility. Case study.

Machine Learning 40

Machine Learning Forecasting Manufacturing Optimization 40

CIO Business Intelligence

NOVEMBER 20, 2023

AI is becoming an integral part of decision-making for many different business functions – from finance to manufacturing to sales. Sales optimization In sales, AI can provide account reps with the information they need to close deals. Here’s a look at a few areas where it’s gaining influence. AI can help every step of the way.

Sales 130

Sales Cost-Benefit Manufacturing Forecasting 130

Octopai

AUGUST 8, 2023

Battle Creek, Michigan — July 18, 2023 — Octopai, a global leader in data lineage and business intelligence automation, and Demand Chain AI, a pioneer in AI-driven demand forecasting and supply chain optimization, have today announced a strategic partnership.

Digital Transformation 52

Digital Transformation Metadata Forecasting Data-driven 52

IBM Big Data Hub

MARCH 8, 2024

Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively. The expansion of the solar PV supply chain is enabling the manufacturing necessary to meet the demands of the growing industry. And by 2028, 68 countries will boast renewables as their main source of power.

Forecasting 76

Forecasting Manufacturing Measurement Finance 76

Cloudera

DECEMBER 15, 2017

Manufacturing as an industry has always been at the forefront of squeezing value from data. Instrumentation, highly connected systems, and automation have been part and parcel of manufacturing organisations for decades. Yet many manufacturers now feel they’ve bumped up against a ceiling. Enabling tomorrow today. No pipedream.

Manufacturing 40

Manufacturing IoT Machine Learning Data-driven 40

CIO Business Intelligence

OCTOBER 19, 2022

Better financial planning via EPM suite In order to help healthcare companies optimize financial and operational management, the company said it was launching planning capabilities that can model scenarios, determine future demand, optimize resources, and help users make better financial, workforce, and patient care decisions.

Uncertainty 103

Uncertainty Optimization Manufacturing Forecasting 103

IBM Big Data Hub

OCTOBER 17, 2023

For example, say we predict the quality of the clinker in advance, then we are able to optimize the heat energy and combustion in the cement kiln in such a way that quality clinker is produced at minimum energy. Such optimization of the processes reduces energy consumption and in turn reduces both energy emission and process emission.

Modeling 108

Modeling Optimization Manufacturing Forecasting 108

Cloudera

APRIL 9, 2021

This blog series follows the manufacturing and operations data lifecycle stages of an electric car manufacturer – typically experienced in large, data-driven manufacturing companies. The first blog introduced a mock vehicle manufacturing company, The Electric Car Company (ECC) and focused on Data Collection.

Machine Learning 98

Machine Learning Forecasting Manufacturing Predictive Analytics 98

IBM Big Data Hub

JULY 26, 2023

Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. Inventory optimization is important to ensure you have enough stock while also meeting customer demand. Anomaly detection: Some manufacturers have zero-defect goals.

Optimization 81

Optimization Manufacturing Cost-Benefit Risk 81

CIO Business Intelligence

JANUARY 10, 2024

Optimizing cloud investments requires close collaboration with the rest of the business to understand current and future needs, building effective FinOps teams, partnering with providers, and ongoing monitoring of key performance metrics. You worry you don’t have enough capacity, so you overprovision,” he says.

Cost-Benefit 119

Cost-Benefit Measurement Optimization Metrics 119

CIO Business Intelligence

MARCH 22, 2022

Digital twins, numerical models that reflect changes in real-world objects useful in design, manufacturing, and service creation, vary in their level of detail. FourCastNet (named for the Fourier neural operators used in its calculations) is a weather forecasting tool trained on 10 terabytes of data. Seeing double.

Modeling 132

Modeling Machine Learning Forecasting Optimization 132

CIO Business Intelligence

SEPTEMBER 12, 2023

A severe thunderstorm is forecasted to roll through your suburb in the next hour. Optimize cost The growing pool of 5G-enabled applications is creating new ways to achieve efficiency gains and cost optimization. Consider the manufacturing environment. It’s Wednesday afternoon. As it nears, your electricity goes out.

Enterprise 104

Enterprise Cost-Benefit Manufacturing IoT 104

bridgei2i

APRIL 21, 2021

The 80s saw workflows being operationalized, and by the 90s, the advent of planning systems and demand forecasting systems had caused many advancements. He is Six Sigma Green Belt certified and has led several transformation efforts, particularly in demand forecasting and planning.

Forecasting 98

Forecasting Data Warehouse Manufacturing Machine Learning 98

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Cost-Benefit 55

Cost-Benefit Finance Optimization Key Performance Indicator 55

IBM Big Data Hub

FEBRUARY 13, 2024

Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 87

Cost-Benefit Scorecard Risk Recreation/Entertainment 87

Cloudera

AUGUST 3, 2021

Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed. The last eighteen months is causing supply chain forecasters to rethink the definition and incorporate risk into the planning process. .

Analytics 107

Analytics Digital Transformation Risk Forecasting 107

Smart Data Collective

APRIL 21, 2022

More solar manufacturers are turning to the IoT to get the most output for their customers. This will as well ensure accuracy in forecasting power generation rates and respective grid adjustments. To properly optimize the overall solar farm efficiency, every solar panel must operate at its peak capacity.

IoT 100

IoT Internet of Things Forecasting Predictive Modeling 100

IBM Big Data Hub

FEBRUARY 14, 2024

Process automation is often centered on efforts to optimize spend, achieve greater operational efficiency and incorporate new and innovative technologies, which often translate into a better customer experience. See what’s ahead AI can assist with forecasting. ML can also conduct algorithmic trading without human intervention.

Cost-Benefit 89

Cost-Benefit Insurance Unstructured Data Machine Learning 89

CIO Business Intelligence

JUNE 1, 2022

Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. The digital twins at McLaren are also used to run simulations for the design of new parts and then to test them for performance and reliability before they are manufactured and installed in the racing cars.

Manufacturing 109

Manufacturing Digital Transformation Predictive Analytics Strategy 109

datapine

JUNE 15, 2023

On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind. This time, including valuable forecasts for costs and income. Each of these KPIs is tracked in its actual value, its forecast value, and the absolute difference in number and percentage.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. At Eaton, for example, an AI-based sales forecasting tool has the potential to boost productivity dramatically. We want to maintain discipline and go deep.”

Enterprise 133

Enterprise Cost-Benefit Forecasting Strategy 133

Cloudera

JANUARY 20, 2021

Reporting – delivering business enterprise insight (sales analysis and forecasting, market research, budgeting as examples). Predictive Analytics – predictive analytics based upon AI and machine learning (Fraud detection, predictive maintenance, demand based inventory optimization as examples). Data Collection Challenge.

Digital Transformation 103

Digital Transformation Manufacturing Data Warehouse Predictive Analytics 103

CIO Business Intelligence

MAY 12, 2022

Most tools offer visual programming interfaces that enable users to drag and drop various icons optimized for data analysis. Anyone who works in manufacturing knows SAP software. The product line is broken into tools for basic exploration such as Visual Data Mining or Visual Forecasting.

Predictive Analytics 137

Predictive Analytics Analytics Statistics Machine Learning 137

bridgei2i

MAY 26, 2020

By allowing that, they could have a steady demand forecast based on sensing algorithms and react faster to such events. He has delivered hundreds of millions of dollars of impact to his clients in High-Tech CPG and Manufacturing Industries, particularly in the areas of demand forecasting, inventory and procurement planning.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131