Machine learning is poised to revolutionize manufacturing by increasing production capacity, while lowering material consumption rates.
Complex digital models are helping manufacturers across all industries make process improvements and thwart potential problems, including cyberattacks.
CEOs left bewildered by the jumble of so-called big data at their fingertips better start connecting the dots soon. Otherwise, they could fall behind the competition over the next five years, especially if they're in financial services or healthcare.
As consumers increasingly demand more customized products at lower costs, manufacturing is only becoming more complex. These changes are presenting big challenges for manufacturers, and those that adapt and embrace data may be able to use that complexity to create a competitive advantage.
Manufacturers are increasingly deploying digital technologies to boost efficiencies and optimize their production lines. But while sensors, data and processing can provide actionable information, manufacturers still need humans with the skill and ability to manage it all.
Talk of machines replacing most customer-facing staff, let alone company managers, has so far been little more than that: talk.
You'll need to be a data analytics nerd, but also an emotionally intelligent caregiver. And while your leadership qualities will still be valued, you'd better not get all hierarchical and start telling people what to do. Welcome to the C-suite of 2021.
D'Addario, a manufacturer of guitar and orchestral strings, as well as other musical instrument parts, has a lineage that goes all the way back to 1680 Italy. But the company's got both feet facing forward when it comes to keeping up with digital technology.
As mid-market companies face a growing number of challenges, many are using data analytics to reduce their struggles and boost performance.
Continuing advances in data analytics and communications technology are giving companies today an unprecedented ability to offer customers products tailored to their needs. But whether people want a company's senior staff knowing what they just had for breakfast is a different matter altogether.