It comes as no surprise that managing inventory is one of the biggest challenges manufacturers face. Having too many goods on hand causes a decrease in inventory turnover as well as in profitability, according to an article in Manufacturing Business Technology. Low inventory turnovers typically mean a company is holding… Read More →
Trucking companies around the world are turning to Big Data and analytics in order to save money and operate more efficiently according to a new analysis from Frost & Sullivan. In fact, Big Data analytics in the trucking industry generated revenues of $93.9 million in 2014 and is set to… Read More →
The manufacturing industry is no stranger to the advent of Big Data. It is quite impressive that most manufacturers have been embracing disruptive technologies to stay ahead of their competition and thrive. One of the most powerful capabilities that plays a vital role in the manufacturing world is the application… Read More →
Interconnected manufacturing systems and devices powered by the Internet of Things (IoT) is continuing to automate a broad swath of manufacturing activities, linking wired and wireless networks in the development of products to enable smart manufacturing where processes govern themselves and smart systems take corrective action when needed, according to… Read More →
The key to sustaining a healthy and globally competitive manufacturing sector is making better use of data and analytics, according to an article on the Center for Data Innovation website. This so-called “smart manufacturing” could create $371 billion in net global value over the next four years, according to a 2014 estimate… Read More →
As manufacturers endeavor to create products for the global market, manufacturing processes are becoming increasingly complex and factory equipment more costly. Computer-integrated manufacturing systems are rapidly being equipped with sensors, controllers, and other embedded devices that are able to manage production, equipment maintenance, product quality, inventory and supply chain operations.
In the fickle and cyclical semiconductor industry, market trends and pricing are constantly shifting. NXP Semiconductors N.V., which develops electronics solutions for the connected car, cybersecurity, portable and wearable devices, and the Internet of Things (IoT), understands this all too well.
One of the greatest fears for manufacturing executives is the threat of a product glitch. Depending on the size and scope of a problem and the number of products or consumers affected, product recalls can mean billions of dollars in recall costs for manufacturers, not to mention legal and medical… Read More →
Companies that are focused on innovation typically have front-end processes in place such as ideation and tech scouting to help bring some structure to these efforts. However, companies often pay scant attention to post-launch innovation efforts to ensure that lessons have been learned and applied and to better align forecast… Read More →
For companies engaged in research and development (R&D) across different industries, from consumer packaged goods (CPG) to energy, data visualization offers terrific opportunities to identify new products that can be brought to market. It can also reveal advances that can make or break a product’s success. Identify Patterns Data visualization… Read More →