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 120

ROI Manufacturing Cost-Benefit IoT 120

3AG Systems

MARCH 21, 2023

Digital transformations hold the promise of improved efficiency, enhanced customer experiences, and increased competitiveness in the manufacturing industry. In this article, we will explore four ways mid-size manufacturers can combat these challenges and successfully implement digital transformation initiatives. Read More

Digital Transformation 40

Digital Transformation ROI Manufacturing Internet of Things 40

CIO Business Intelligence

AUGUST 4, 2023

In this conversation with Foundry, Kopal dives deep into her career progression, the challenges of marrying manufacturing with digitization and WABTEC’s commitment to sustainability. Much of the digitization in the manufacturing segment is related to the execution systems. Kopal, tell us about your journey. We are an industry 4.0

IoT 86

IoT Manufacturing Experimentation Digital Transformation 86

Smart Data Collective

AUGUST 19, 2019

All types of business use IoT very actively now, by 2022 the expenses in this sphere will reach $1 trillion. At the same time, in the pursuit of functionality, manufacturers and consumers forget about cybersecurity. If someone had created an IoT security indicator, this device would have long been flashing red.

IoT 71

IoT Manufacturing Internet of Things Machine Learning 71

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. . Supply-side. Automation opportunities.

Manufacturing 86

Manufacturing Forecasting Digital Transformation Sales 86

CDW Research Hub

SEPTEMBER 25, 2020

However, since many back-to-work solutions utilize IoT Smart Spaces technology , a number of new components likely need to be installed in order to reap the maximum benefits. To identify device risk, Forescout calculated the individual risk score for each device, then aggregated that score by taking the average risk per device model.

IoT 40

IoT Risk Manufacturing Strategy 40

Smart Data Collective

JUNE 23, 2022

Chip shortages, among other components, have fueled a steep increase in car prices, as much as USD$900 above the manufacturer-suggested retail price (MSRP) for non-luxury cars and USD$1,300 above MSRP for luxury ones. . The cars themselves are valuable sources of data, an estimated 25 GB that can help manufacturers understand trends more.

Analytics 122

Analytics Manufacturing Internet of Things Risk 122

Cloudera

DECEMBER 18, 2018

Defining these is, therefore, a crucial element, and Cloudera is now taking part in just that for the biggest revolution we’ve seen in business and society: the Internet of Things (IoT). Standards for IoT. Architecture for IoT. Connectivity is a pretty well-defined part of the IoT puzzle. Open source for IoT.

IoT 42

IoT Internet of Things Machine Learning Insurance 42

CIO Business Intelligence

JULY 19, 2023

When IoT becomes the driver of a new solutions P&L, the general manager of that business will need more technology acumen than general managers of the past. The second is to bring IoT and AI-driven predictive maintenance services to adjacent markets. “By Are we taking too many risks? Are we moving too quickly in some areas?

IoT 66

IoT Manufacturing Software Strategy 66

CIO Business Intelligence

JANUARY 9, 2023

They are playing out across industries with the help of edge computing, Internet of Things (IoT) devices and an innovative approach known as Business Outcomes-as-a-Service. [1] Those using a turnkey, scalable BOaaS platform are quickly able to manage an entire AI and IoT ecosystem from one dashboard, across the cloud, edge and far edge. [4]

IoT 125

IoT Internet of Things Cost-Benefit Digital Transformation 125

CIO Business Intelligence

DECEMBER 12, 2023

There might be a need in Finance for more low-code and no-code tools to assist users with risk assessments, or a need in Field Operations to upgrade servers that fail daily and jeopardize their work. The company is also implementing more robots and internet of things (IoT) technologies as it automates its manufacturing plants.

IT 95

IT IoT Internet of Things Manufacturing 95

CIO Business Intelligence

OCTOBER 12, 2023

It’s called PowerINSIGHTS , and I think it’s one that a lot of manufacturing companies can learn from. There’s a lot of legacy manufacturing companies in the state of Wisconsin, and what happens over the course of the years when manufacturing companies ship all these assets that have warranties and things of that nature?

IoT 117

IoT Manufacturing Strategy Modeling 117

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

JUNE 20, 2023

According to Warranty Week , claims totaling 46 billion USD were paid by the global automotive Original Equipment Manufacturers in 2021. But it also leads to a higher risk for new, unknown quality issues, and therefore potential warranty topics. avoiding warranty issues through simulation), manufacturing (e.g., and Canada.

Manufacturing 89

Manufacturing Data-driven Internet of Things Sales 89

O'Reilly on Data

JANUARY 8, 2019

Organizations will begin to identify and manage risks that accompany the use of machine learning in products and services, such as security and privacy, bias, safety, and lack of transparency. Burgeoning IoT technologies. A few years ago, most internet of things (IoT) examples involved smart cities and smart governments.

IoT 204

IoT Machine Learning Internet of Things Data Science 204

Cloudera

AUGUST 12, 2021

In a 2021 white paper titled “Data Excellence: Transforming manufacturing and supply systems“ written by the World Economic Forum and the Boston Consulting Group, it documented that 75% of executives interviewed believed that advanced analytics in manufacturing was more important today than three years ago. Risk Management.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

CIO Business Intelligence

APRIL 6, 2022

The industry is buzzing with bold ideas such as “the edge will eat the cloud” and real-time automation will spread across healthcare, retail, and manufacturing. The first wave of edge computing: Internet of Things (IoT). This led to slowing adoption rates of IoT. Additionally, security concerns cooled wholesale adoption of IoT.

IoT 93

IoT Internet of Things Data-driven Manufacturing 93

CIO Business Intelligence

DECEMBER 8, 2022

While organizations know they need to mitigate environmental risks more effectively across the supply chain, often they struggle to translate that ambition into results. One of the biggest challenges of IoT is proving ROI,” says Devin Yaung, SVP, Group Enterprise IoT Products and Services at NTT. Edge Computing.

IoT 75

IoT ROI Risk Cost-Benefit 75

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. Access the Food Trust ebook Building strong partnerships Strong relationships are a key part of any business strategy.

Strategy 86

Strategy Management Forecasting Cost-Benefit 86

Smart Data Collective

MARCH 23, 2022

Adopting Internet Of Things (IoT): The IoT system has a strong security feature that can detect forgery. Yet using the bulk signature poses some security risks, including hackers infecting your system and stealing your signature or manipulating file content for various cybercrime activities.

IoT 125

IoT Internet of Things Digital Transformation Manufacturing 125

IBM Big Data Hub

JANUARY 15, 2024

Trend: Cybersecurity By virtue of moving many services online, organizations are at greater risk of digital attacks. The Internet of Things (IoT) enables technologies to connect and communicate with each other.

Digital Transformation 75

Digital Transformation Internet of Things IoT Consulting 75

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 94

Unstructured Data IoT Metadata Modeling 94

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. This equipment is critical to expanding capacity for chip production.

Consulting 70

Consulting Cost-Benefit Manufacturing B2B 70

IBM Big Data Hub

FEBRUARY 7, 2024

Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events. The smart factories that make up Industry 4.0 Join the IBM Sustainability Community 1 Green transition creates $10.3T

Reporting 96

Reporting Cost-Benefit Internet of Things Data-driven 96

CIO Business Intelligence

DECEMBER 7, 2023

That also means distinguishing between where you can take some risks and where the risk is going to be more limited. Space to take some risk and try new things has to be an expectation. There are two sides of the coin to this risk, and the other side is about recovering faster and building tactical resiliency.

Testing 99

Testing Risk Marketing IoT 99

Cloudera

AUGUST 3, 2021

Advanced analytics empower risk reduction . Advanced analytics and enterprise data are empowering several overarching initiatives in supply chain risk reduction – improved visibility and transparency into all aspects of the supply chain balanced with data governance and security. . Digital Transformation is not without Risk.

Analytics 107

Analytics Digital Transformation Risk Forecasting 107

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 Our biggest risk is if our employees don’t use AI as much as they could.” Webster Bank is following a similar strategy.

Enterprise 129

Enterprise Cost-Benefit Forecasting Strategy 129

IBM Big Data Hub

JUNE 20, 2023

By coupling asset information (thanks to the Internet of Things (IoT)) with powerful analytics capabilities, businesses can now perform cost-effective preventive maintenance, intervening before a critical asset fails and preventing costly downtime. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 74

Strategy Management Cost-Benefit IoT 74

BizAcuity

JULY 15, 2022

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. As a result, the demand for IoT devices is expected to sky-rocket in the near-future. Any issues that come up can be addressed quickly and prevented in the future.

Technology 52

Technology Management IoT Cost-Benefit 52

CIO Business Intelligence

JUNE 30, 2023

All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. Can I also trust the mechanism by which I share that data without exposing myself inappropriately to risk? Most boards of directors are ready to take risks.

Internet of Things 81

Internet of Things Strategy Risk Data Strategy 81

CIO Business Intelligence

SEPTEMBER 12, 2023

Sectors now subject to NIS2 compliance include food production, processing, and distribution; postal and courier services; and manufacturing and digital providers. [ii] Zero Trust network security offers cybersecurity benefits vs. traditional perimeter-based network security models.

IoT 75

IoT Measurement Manufacturing Finance 75

CIO Business Intelligence

MAY 12, 2023

So far, Fraport has operated different radio technologies for voice communication, or to network its IoT devices. In terms of software, they rely on Azure for 5G, and among other things, the close connection with the IoT world spoke in favor of the Microsoft solution. in Germany. The new technology also had another consequence.

IoT 99

IoT B2B Testing Technology 99

CIO Business Intelligence

OCTOBER 27, 2022

A key driver for this is the steep resource cost in keeping customized implementations apace with the latest features — a cost many CIOs forgo in favor of stagnancy, at the risk of falling behind. There are regular updates to the ERP, which could be in the form of features and functionalities that are pushed into the live environment.

IT 144

IT Cost-Benefit Finance Marketing 144

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 75

Manufacturing Technology Internet of Things Cost-Benefit 75

Cloudera

NOVEMBER 20, 2017

The potential benefit of this connectivity is massive, but we have to change how we approach cybersecurity in order to protect ourselves as we head toward this IoT future.”. And then, what IoT devices are feeding into those crown jewels – that’s how you determine network segmentation. The bank that executes your transactions?

Internet of Things 40

Internet of Things IoT Risk Manufacturing 40

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

Smart Data Collective

SEPTEMBER 15, 2021

Responding immediately in an effective manner to eliminate risks is possible for a company when it performs real-time data analytics. Most companies use data from video feeds and IoT sensors to continuously track business manufacturing lines for backlogs and stoppages. Provide Improved Customer Services.

IoT 110

IoT Business Objectives Software Manufacturing 110