Data is king in the world of machine learning (ML). A well-known phrase to many: good data in, good data out. So, what happens when data becomes fragmented by layers and applications of machine learning? The handling and processing of …
In the current digital age, Artificial Intelligence (AI) emerges as a cutting-edge and transformational technology. The technologies underpinning AI and its application continue to move forward across various business types including financial services, healthcare, psychology, politics, law, and ethics. Business …
Prosper-Tech Machine & Tool is a small machine shop providing precision machining and plastic injection tooling. In nearly two decades, they have diversified by adding medical and aerospace companies to their automotive client base. The company prides itself in providing …
Schneider Electric, based in Ruel-Malmaison, France, is a multinational company that operates in over 100 countries and employs more than 135,000 workers. Schneider Electric provides energy and digital automation solutions (hardware and software) with a focus on energy management to …
Alibaba is one of the world’s largest commerce enterprises and handles more business than any other e-commerce company. It implemented a “customization to manufacturing” (C2M) business model for small- and medium-sized enterprises (SMEs) that helped companies gain better consumer insights. …
The manufacturing industry is on the verge of a data-driven revolution. In his revolution, we would see companies collaborating in hyperconnected value networks driven by data and analytics, new customer experiences and social and environmental impacts. The COVID pandemic has …
Digital transformation and automation have created a need for businesses to upskill and reskill employees to remain competitive. In a recent study by McKinsey & Company, more than one in four leaders reported having a lack of tools and knowledge …
Closed borders and shifts in demand have heavily impacted fleets during the COVID-19 pandemic. In response, IndustryX Technology Partner HERE Technologies developed essential automated solutions to help fleet managers safely and efficiently supervise drivers and vehicles. With HERE Cellular Signals and fleet management …
Many businesses across the globe face a painful transition to the post-COVID-19 normal. Some companies may want to slow or halt their digital transformations, however for most, that would be a mistake. In contrast, many Industry 4.0 business leaders are …
Megatrends or structural shifts emerging in the economic macro environment are shaping our world by driving a change in the global economy, business and society. Corporations that understand and leverage megatrends can shape business strategies accordingly to become more resilient …
Manufacturing as a sector helps raise our daily living standards. This sector represents 16% of the global GDP, yet operational efficiency has remained stagnant over the last decade. Innovation in manufacturing inevitably calls for the fourth industrial revolution (4IR), which …
Manufacturing companies are challenged with workers, demand and materials due to the COVID-19 pandemic. The disruption has placed an importance on deglobalization and relocalization of manufacturing activities. Industry 4.0 technologies were already transforming manufacturing and improving operational efficiencies, however the …
As we reach another peak during the COVID-19 pandemic, the global supply chain continues to be heavily disrupted in numerous sectors. A survey with 60 supply chain executives conducted by McKinsey & Company revealed the true impact of COVID-19 on …
Over the past several years, a leading group of manufacturers have made impressive progress scaling Fourth Industrial Revolution (4IR) technologies within the manufacturing plant environment. The World Economic Forum (WEF), in collaboration with McKinsey & Company, recognizes these factories as …
Over the past few years, academics, policymakers, business executives, and individual workers have debated extensively about the future of work. The conversation surrounds implications for the current workforce, how it can be designed to benefit the global economy, and the …