article thumbnail

Digital Twins in the Oil & Gas Industry

Acuvate

This is made possible with smart sensors and data transmitters that are connected to an Internet of Things (IoT) platform. Consequently, equipment reliability can be a significant issue demanding fact and data-based decision support for assets. Building a digital twin is an algorithmic process.

article thumbnail

Three Ways to Leverage Software Engineering Intelligence for Enhanced Delivery Efficiency

Planview

One reason for the difficulty is the lack of integrated, contextual data. According to the 2024 Gartner® Market Guide for SEI platforms , they “provide…data-driven visibility into the engineering team’s use of time and resources, operational effectiveness, and progress on deliverables.” It is even more challenging to find a solution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer Bots Strategy for CPG Marketing

Acuvate

billion by 2027, at a CAGR of 33.2% Level - 2 Chatbot: Product promotion, marketing, and advertising using customer data. An analysis of customer data stored in back-end systems helps bots understand users’ needs and upsell/cross-sell additional products to fulfill those requirements. billion in 2022 to USD 6.7

article thumbnail

The Most Important Part for Every Innovation Funnel

IM Insights

Innovation accounting is designed to fill this gap. This number is constantly shrinking and might be as low as 12 years by 2027. Standard business cases that can deal with quantities of available historical data are not relevant to evaluating breakthrough ideas. Looking for Gold. Inevitably, every mine runs out.

article thumbnail

How to create business models for 5G - and other disruptive technologies

The BMI Lab Blog

5G has been recently quite prominent in the news, especially pushed by smartphone manufacturers and mobile network operators praising the high data rates and bandwidth enabling new applications for private consumers. billion in 2027. What’s the buzz around 5G all about? What is 5G? Smart manufacturing, also called industry 4.0,

article thumbnail

The Synergy Between GPT and Microsoft Power Platform: How AI and Low-Code Development are Revolutionizing Business Operations

Acuvate

By automating processes, allowing human workers more time for higher-order tasks, and making data-driven decisions possible, these potent tools are reshaping sectors as diverse as consumer packaged goods ( CPG ), energy , and public sectors. It has allowed users to design complex workflows and digital assistants based on natural language.