Vodafone’s 2019 IoT Barometer Reflects Robust Growth In The Enterprise
85% of enterprises who develop deep expertise with IoT succeed at driving revenue faster than competitors. 81% of enterprises say Artificial Intelligence streamlines interpreting and taking action on data insights gained from IoT systems and sensors. 68% of enterprises are using IoT to track the security of physical assets, making this use case the most […]
How Machine Learning Improves Manufacturing Inspections, Product Quality & Supply Chain Visibility
Bottom Line: Manufacturers’ most valuable data is generated on shop floors daily, bringing with it the challenge of analyzing it to find prescriptive insights fast – and an ideal problem for machine learning to solve. Manufacturing is the most data-prolific industry there is, generating on average 1.9 petabytes of data every year according to the McKinsey Global Insititute. Supply […]
Reinventing After-Sales Service In A Subscription Economy World
91% of manufacturers are investing in predictive analytics in the next 12 months, and 50% consider Artificial Intelligence (AI) a major planned investment for 2019 to support their subscription-based business models. New subscription business models and smart, connected products are freeing manufacturers up from competing for one-time transaction revenues to recurring revenues based on subscriptions. […]
How Blockchain Can Improve Manufacturing In 2019
Combining blockchain and IoT will revolutionize product safety, track-and-traceability, warranty management, Maintenance, Repair & Overhaul (MRO), and lead to new usage-based business models for smart, connected products. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner. Typical product recalls cost $8M, and many […]
10 Ways To Improve Cloud ERP With AI And Machine Learning
Capitalizing on new digital business models and the growth opportunities they provide are forcing companies to re-evaluate ERP’s role. Made inflexible by years of customization, legacy ERP systems aren’t delivering what digital business models need today to scale and grow. Legacy ERP systems were purpose-built to excel at production consistency first at the expense of […]
10 Ways Machine Learning Is Revolutionizing Manufacturing In 2018
Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Reducing supply chain forecasting errors by 50% and lost sales by 65% with better product availability is achievable with machine learning. Automating quality testing using machine learning is increasing defect detection rates up to 90%. Bottom […]
Roundup Of Internet Of Things Forecasts And Market Estimates, 2018
According to IDC, worldwide spending on the Internet of Things (IoT) is forecast to reach $772.5B in 2018. That represents an increase of 15% over the $674B that was spent on IoT in 2017. The global IoT market will grow from $157B in 2016 to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) […]
IoT, and the transition to the digital services economy discussion with Constellation’s Andy Mulholland
Over on the IoT Heroes podcast I recently had a chat with Constellation Research analyst Andy Mulholland. Before coming out of retirement to head up IoT research for Constellation, Andy was Global CTO for Cap Gemini, and so he knows a thing or two about IT! Andy publishes extremely insightful articles on the Internet of […]
News Analysis: Plex Adds Supply Chain Planning With DemandCaster Acquisition
Key Supply Chain Planning Functionality Bolsters Manufacturing Cloud Offering On August 9, 2016, Manufacturing Cloud pioneer Plex, announced the acquisition of DemandCaster, a cloud based sales forecasting and inventory planning software provider based outside of Chicago, Illinois. Founder Ara Surenian built DemandCaster from his operational consulting experiences in demand planning, supply planning, and sales and […]
The State of Manufacturing: A conversation with Jason Blessing, CEO of Plex Systems
By Vinnie Mirchandani on December 14, 2016
I enjoy spending time with Jason Blessing, CEO of Plex. We share a passion for automation and other manufacturing technology and we enjoy sharing notes on outstanding plants and facilities we get to visit. With a new President about to move into the White House, I recently had a wide ranging conversation with Jason. Jason, […]
Posted in Featured Posts, Technology / Software | Tagged Industry Commentary, Manufacturing