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Why Data is So Important to Manufacturing Budgets

Centage

Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. And with data collecting sensors and Internet of Things (IoT) devices, businesses can predict maintenance and replacements for critical equipment which helps to avoid downtime.

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What The Next Industrial Revolution Means For Money Management

PYMNTS

Considering the rise of digital currency, electronic payments, the Internet of Things and Big Data, that revolution may already be upon us. For suppliers and manufacturers, automation and digitization of processes, IoT-connected equipment and the data sourced from those connected machines are already changing the game.

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To Optimize Supply Chains, Big Data Must Have The Need For Speed

PYMNTS

However, while KPMG and JDA recently found that half of manufacturers plan to test blockchain within their supply chains in the next two years, Nishith Rastogi, co-founder and chief executive officer of supply chain optimization startup Locus , said blockchain isn’t the right fit for the most pressing concerns of supply chain management today.

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Pitstop’s Solution To The Auto Industry’s $70B Feedback Problem

PYMNTS

No one is analyzing data from the vehicle.”. The method Pitstop is pursuing, he explained, is to train its machine-learning algorithms with information to integrate connected vehicles, dealerships, fleet managers, suppliers, original equipment manufacturers, insurance companies and the aftermarket supply chain.

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Fraud And Risk: Surveillance Is Only Part Of Good Security

PYMNTS

That’s the business foundation for Swedish camera manufacturer Axis Communications. It’s now the largest surveillance camera manufacturer in the world, not only making network cameras but also the software to run and analyze data from those cameras.

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Direct To Consumer: Ditching The Middleman

PYMNTS

Basically, the realm of DTC enables businesses to both manufacture and sell their products without involving third parties. The internet is allowing the retail industry to reach a much broader audience, while at the same time pinpointing their specific interests or tastes, due to the ability to collect and analyze data.

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What is Enterprise Performance Management (EPM)?

Planful

But some organizations do this more frequently, such as weekly in retail or CPG manufacturing. Many modern EPM platforms include embedded BI and analytics tools, which can be used to report and analyze data from the EPM applications and other sources. the management team) and external stakeholders (i.e., To Learn More.