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 →
The manufacturing sector is rebounding from a slump prompted by the global recession. In fact, recent reports note that manufacturers are boosting production and building new plants. The Institute for Supply Management reported in April that factories in the United States posted the biggest production increases in March since the… Read More →
In a previous post, we described the second stage of the Analytics Maturity Model, “Diagnose,” which enables business leaders to visually interact and drill into their data to discover additional answers to questions that arose in the “Measure” stage. For example: Why did we have an increase or decrease in… Read More →
It’s an age-old problem in business. A mishap occurs, like a flawed batch of products that are produced due to an as-yet-unknown manufacturing glitch. Downtime to analyze and fix the malfunction could take hours or days, depending on the severity of the problem and whether defective manufacturing parts have to… Read More →
Manufacturers consistently face numerous risks related to protecting the operational integrity of their supply chains, including heat and vibration that can impact the operations of plant equipment and production systems to unforeseen glitches such as transportation problems, and natural disasters.
Many manufacturers have invested heavily in information technology systems to make decisions and execute plant operations. But these same firms often find that they’re missing key pieces of information needed to detect problems before they negatively affect operations.
The Internet of Things – where sensors and other devices are interconnected to one another – continues to garner attention from researchers, industry leaders, and practitioners. Biometrics Research Group Inc. forecasts that the Internet of Things will skyrocket from two billion connected devices today to nine billion connected devices by 2018…. Read More →
Manufacturers continue to invest in technology that can accelerate output while driving heightened productivity. Take D’Addario, a Farmingdale, N.Y.-based maker of musical strings for instruments such as cellos and guitars, for example.
While much of the buzz around data analysis for manufacturers has revolved around the ability to improve production via monitoring the data streaming in from machinery sensors, manufacturers can see bottom-line benefits from analyzing customer data.