Let’s start with a story I have seen played out many times, at various companies; It is close to year-end and the whole company is running around to address all the “last minute” issues before the deadline, and then, one of the employees who is on track with their tasks, looks at a faded barcode
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Technological advances are rapidly making it possible to automate much of the work currently carried out by humans. This has brought with it much concern for job loss in industries were this can be easily achieved such as the manufacturing sector which has shown a high potential for automation. However technology has the potential to transform many
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Technology has brought with it opportunities to operate at a heightened level more than ever before. Many companies strive to optimize their processes with different automated systems without thinking carefully about what they want to achieve. They often have problems in defining their goals and how to visualize them efficiently. By identifying key performance indicators through
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Artificial Intelligence (AI) is a collection of machine learning, natural language processing, and cognitive computing designed for scale is slowly taking over and has proven the potential it has to enhance and extend the capabilities of humans, and help businesses achieve more, faster and in an efficient way. AI, blockchain, and cloud technologies are increasingly
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Technology is evolving each day and many businesses are finding it hard to keep up. With so many technologies out there, manufacturers are being spoilt for choice upgrading becomes important. The manufacturing industry is known for being stagnant and unwilling to leave their comfort zone. However, many more are already deep into the IoT landscape, tracking everything
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Smart manufacturing is growing and smaller manufacturers are also slowly realizing its importance as well. However, implementing the technology in a company goes way beyond just installing and having it run your business. It is a process that comes with its own needs for addressing so it can appropriately increase the value and competency of the business as a whole. Various
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Technology has brought many distinct advantages. In a challenging sector such as manufacturing, operational efficiencies, customer satisfaction, and continued marketing efforts are all part of one package. Manufacturers are always looking to reduce the cost of operations, operate in a lean way through reducing waste and driving efficiencies in the supply chain. To secure a
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It’s important for a company to develop strategies to grow its profit, without increasing costs. However, outdated financial systems and inefficient, manual processes make it hard for you to see where your revenue is going. Focus should be put on the different aspects of the sales process typical to your business only. It’s very important to
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For years, our global economy has been reliant on traditional industries for the production of goods and services. The conservative nature of these traditional industries has allowed them to remain unchanged largely. However, pressure to reduce costs and improve profit margins has compelled manufacturers to make strategic moves in pursuit of reducing overall costs. With the
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The manufacturing sector continues to go through changes since the 1920s. The machinery used in this sector keep being improved even though the industry is known to move at a slower pace and has not quite caught up. However, very recently companies are starting to increase their use of technological advances. They have established
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