article thumbnail

Industry 4.0

eZassi

It’s all about embracing automation, artificial intelligence, big data, and the Internet of Things to optimize productivity, efficiency, and innovation across the supply chain. His or her idea must be recorded, reviewed, and promoted in a systemized process of non-siloed corporate ideation. Industry 4.0 Industry 4.0

article thumbnail

The What, Why and How of Trade Promotion Forecasting

Acuvate

An effective TPF solution offers the capability to forecast the sales uplift and ROI that can be generated due to a particular trade promotion. As per a Gartner Report , about 59% of the companies rely on basic spreadsheets for forecasting and analysis of trade promotions. 3) Big Data Integration. 5) What-if analysis.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Smart Factory 101 A Data, AI, Cloud and Workforce Revolution in the Making

Acuvate

They are improving the manufacturing landscape by facilitating data-driven decision-making, increasing productivity, and reducing costs through sensors, embedded software, and robotics. Process Optimization With the help of AI, ML, and Big Data, production processes may be optimized, leading to greater efficiency with less cost.

Data 52
article thumbnail

Smart Factory 101 A Data, AI, Cloud and Workforce Revolution in the Making

Acuvate

They are improving the manufacturing landscape by facilitating data-driven decision-making, increasing productivity, and reducing costs through sensors, embedded software, and robotics. Process Optimization With the help of AI, ML, and Big Data, production processes may be optimized, leading to greater efficiency with less cost.

Data 52
article thumbnail

Power BI: 5 Key AI Features You Should Start Using

Acuvate

In a time where the average enterprise generates large amounts of data on a daily basis, unless the data paves a path to gleaning valuable insights, on its own, data does not hold much value. AI Builder is a new no-code capability offered in the Power BI platform that allows users to automate processes and predict outcomes.

article thumbnail

Data-Driven Mindset: how to implement data culture in your company?

mjvinnovation

The benefits of guiding your decision making with data are numerous, among them: Cost reduction Decrease in rework Efficiency Customer satisfaction Market value. The rise of data-driven culture. Data Science. Facebook dropped from 5th to 7th – due primarily to its glass roof and lack of enticing offers. Dashboards.

Data 59
article thumbnail

Digital Twins: what it is, how it works, and the advantages of this technology

mjvinnovation

The situation changed in the 2010s, with the development of IoT, Artificial Intelligence, Big Data, and Cloud Computing. First, smart components that use sensors to collect real-time data on status, working conditions, and position are integrated into a physical item. So, what is this technology?