IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

Dataiku

JANUARY 11, 2022

All industrial companies are engaged in a race to reduce their CO 2 emissions in order to adapt to a shift in market demand and better manage their environmental risks and obligations to comply both with financial market requests and future regulatory requirements. But doing so is far from simple.

Manufacturing 59

Manufacturing Forecasting Risk Marketing 59

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

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

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. And that’s not all.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

IBM Big Data Hub

JANUARY 25, 2024

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. What’s at stake? trillion, up from USD 864 billion in 2019 to 2020.

Optimization 80

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 80

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 66

B2B Manufacturing Consulting Forecasting 66

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 At Eaton, for example, an AI-based sales forecasting tool has the potential to boost productivity dramatically.

Enterprise 133

Enterprise Cost-Benefit Forecasting Strategy 133

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. 2 For instance, through sustainable strategic sourcing, companies consider questions like: Do manufacturing plants minimize waste and effectively use resources?

Cost-Benefit 85

Cost-Benefit Scorecard Risk Recreation/Entertainment 85

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. Advanced analytics empower risk reduction . Digital Transformation is not without Risk.

Analytics 107

Analytics Digital Transformation Risk Forecasting 107

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. Hotels could dynamically adjust room rates based on traffic forecasts, weather conditions, and events in the area. Here’s a look at a few areas where it’s gaining influence.

Sales 130

Sales Cost-Benefit Manufacturing Forecasting 130

IBM Big Data Hub

JULY 26, 2023

AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. AI helps address this problem by combining aspects like demand forecasting, last – mile delivery , and routing optimization.

Optimization 78

Optimization Manufacturing Cost-Benefit Risk 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. Everyone is talking about GenAI. There is a lack of data maturity (integrity, quality, lineage etc.)

Cost-Benefit 97

Cost-Benefit Risk Strategy Manufacturing 97

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

CIO Business Intelligence

DECEMBER 13, 2023

The evolution of AI and the use of structured and unstructured data When discriminative AI rose to prominence in sectors such as banking, healthcare, retail, and manufacturing, it was primarily trained on and used to analyze, classify, or make predictions about unstructured data.

Unstructured Data 97

Unstructured Data IoT Metadata Modeling 97

Andrew White

MAY 21, 2022

Every business model, every forecasted action and every investment theses was turned upside down, almost overnight. Check out 7 Risk Areas Every Executive Should Expect and Manage Following the Russian Invasion of Ukraine. When the market perceives risk, capital seeks the safest investments. Everything was to be digital, or die.

Risk 75

Risk Forecasting Marketing Manufacturing 75

datapine

JUNE 15, 2023

By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation. 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

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. Still, as Whyde concedes, “some of the concern around risk of adoption of AI is distressing.”

Risk 138

Risk Manufacturing Enterprise Technology 138

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Re-Assess Your Risks. Start with key make-or-break assumptions such as sales forecasts, receivables, cash flow, and the reliability of your supply chain. Some of your risks may be less obvious. Forecast Early and Often.

Forecasting 80

Forecasting Finance Metrics Risk 80

IBM Big Data Hub

FEBRUARY 14, 2024

See what’s ahead AI can assist with forecasting. Automotive With applications of AI, automotive manufacturers are able to more effectively predict and adjust production to respond to changes in supply and demand. ML algorithms can predict patterns, improve accuracy, lower costs and reduce the risk of human error.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

IBM Big Data Hub

OCTOBER 5, 2022

Having the ability to build and use models in this way is fundamental to managing supply chain and financial risk through activities like “what-if scenario planning”, as explained in this blog post. As such, planning becomes a continuous rolling activity as the lines between “plan”, “budget” and “forecast” are blurred.

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

CIO Business Intelligence

APRIL 29, 2024

CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much. The State of the Tech Workforce 2024 report from nonprofit CompTIA , forecasts tech employment growth of 3.1% Last year saw a 1.2%

IT 117

IT Consulting Technology Strategy 117

IBM Big Data Hub

JANUARY 16, 2024

During this process, a business should extensively research similar products and fully investigate the new product’s competitive advantage over other offerings to forecast an accurate future market share. Firms might conduct market research related to their new feature or product line, solicit customer feedback, or engage focus groups.

Strategy 82

Strategy Cost-Benefit Testing Manufacturing 82

bridgei2i

JUNE 3, 2020

Broadly, these are as follows: (a) Shift in Buying Channels—towards Digital Commerce: In-store and outdoor vending have shifted toward e-commerce orders as customers attempt to minimize exposure risk. It’s also uncertain whether, for manufacturers, logistical benefits will outweigh cost advantages, while protecting domestic interests.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

DataRobot Blog

OCTOBER 18, 2022

The DataRobot expo booth at the 2022 conference showcased our AI Cloud platform with industry-specific demonstrations including Anti-Money Laundering for Financial Services , Predictive Maintenance for Manufacturing and Sales Forecasting for Retail. Monitoring with Machine Learning.

Big Data 96

Big Data Forecasting Experimentation Metrics 96

CIO Business Intelligence

JUNE 2, 2022

I forecast that the results of such person-by-person assessments will surface two strongly held and totally dysfunctional beliefs about information security: “I’m not important and no one is targeting me.” Two areas to watch are operational technology and the software supply chain.

Software 128

Software Manufacturing Forecasting Sales 128

CIO Business Intelligence

MAY 23, 2023

These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and proxy statement/prospectus that has been filed with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction.

Uncertainty 137

Uncertainty Cost-Benefit Risk Technology 137

CIO Business Intelligence

OCTOBER 1, 2022

You wanted something, or needed a part to produce a product, and you simply ordered it and it would be delivered — quickly, affordably, and with forecastable precision. Prior to the pandemic, most people — even businesses — took supply chains for granted. This is no longer the case.

Cost-Benefit 110

Cost-Benefit Manufacturing Forecasting Metrics 110

Smarten

JUNE 8, 2022

If a business wishes to optimize inventory, production and supply, it must have a comprehensive demand planning process; one that can forecast for customer segment growth, seasonality, planned product discounting or sales, bundling of products, etc.

Predictive Analytics 52

Predictive Analytics Predictive Modeling Forecasting Optimization 52

IBM Big Data Hub

DECEMBER 1, 2023

An example is manufacturing industry software which includes MRP, or material requirements planning. Enterprise resource planning systems aim to address all aspects of a business and improve business processes, such as accounting, real-time financial reporting, forecasting and other processes. Who does on-premises ERP best serve?

Enterprise 94

Enterprise Cost-Benefit Consulting Software 94

IBM Big Data Hub

FEBRUARY 13, 2024

To have the greatest impact, generative design must be integrated throughout the product development cycle, from the initial concept to manufacturing and procurement. Benefits include automatic task and subtask generation, leveraging historical project data to forecast timelines and requirements, note taking and risk prediction.

Enterprise 124

Enterprise Modeling Testing Data-driven 124

bridgei2i

JUNE 3, 2020

Demand for minimal physical interaction/low human touch products: Due to the risk of infection, customers want to pick up products with minimal human contact. Similar is the situation for a leading manufacturer of hygiene products in the US. Hence takeaway/ready-to-eat food has scored over fast food counters/restaurants.

Manufacturing 52

Manufacturing Forecasting Uncertainty Digital Transformation 52

CIO Business Intelligence

JUNE 7, 2022

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. It is frequently used for risk analysis. It is frequently used for economic and sales forecasting.

Data Analytics 133

Data Analytics Diagnostic Analytics Management Analytics 133

Andrew White

APRIL 15, 2019

This is of course no different than a public sector agency tracking the requests it gets for service from its citizens or a manufacturer of soap tracking demand at store level. Local can services might have focused on forecasting peak demand, say for airport travel around peak arrival slots. This is called dark data.

Forecasting 65

Forecasting Manufacturing Marketing Risk 65

erwin

AUGUST 13, 2020

managing risk vs ROI and emerging countries)? balance growth goals with cost reduction, forecast resources needs vs. revenue)? Here are some of the issues and questions being raised: Growth : How do we define growth strategies (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

IBM Big Data Hub

APRIL 25, 2024

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. Frustrated customers were left stranded in call lines and Bouygues at risk of being replaced by its competitors. The result?

Cost-Benefit 53

Cost-Benefit Finance Optimization Key Performance Indicator 53