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Automating Business Intelligence to Access Meaningful and Predictive Data

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By Søren Block Olsen, director of marketing at TARGIT Business Intelligence & Analytics

According to a recent Gartner survey, 80 percent of manufacturers only measure results. They measure past performance by looking at the results in the financial statements.

Even the most diligent Lean Manufacturing Six Sigma Theory of Constraint practitioners do not know what impacted these results, or what is best done to improve going forward.

Too often manufacturing firms, even top-tier operations managers, use company analyses or reports which neglect to ask why outcomes failed. [Read more…] about Automating Business Intelligence to Access Meaningful and Predictive Data

Sick demonstrates ‘smart logistics’ system for warehouse automation

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Sensors supplier Sick showcased a new “smart logistics” system at the recent ProMAT Show, one of the world’s largest material handling exhibitions.

Sick says its system demonstrates how to obtain greater efficiency throughout supply chain operations.

Sick presented its new innovations under the banner of “Logistics Gets Smart”, and says they are designed to provide “highly efficient solutions for intralogistics applications”. [Read more…] about Sick demonstrates ‘smart logistics’ system for warehouse automation

Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost

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Partnership, collaboration, and technology investment crucial for growth opportunities, says Frost & Sullivan’s industrial automation and process control team 

The Internet of Things and data analytics are transforming the manufacturing space, and data is the new currency.

Currently, human intervention is needed for logical and reasonable decision making. However, with the rise of cognitive technologies, machines will be empowered to detect constantly changing manufacturing scenarios and respond in real time with minimum human intervention.

To be successful, manufacturers need to invest in artificial intelligence technology to improve plant efficiency and productivity, and build partnerships and collaborations that drive data-driven intelligence.  [Read more…] about Cognitive technologies and AI poised to transform all manufacturing sectors, says Frost

Kuka agrees deal with Beet on IoT

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Kuka has agreed a deal with Beet Analytics as part of robot maker’s Industrie 4.0 strategy.

Kuka will now be able to offer Beet’s industrial IoT technology as another tool in their Industrie 4.0 eco-system and to offer Beet technology on Kuka solutions.

Ronny Chiang, president Beet analytics technology, says: “We are excited to work with Kuka, whose global industrial leadership in automation systems will further strengthen Beet’s presence in the global market. This will allow OEMs [original equipment manufacturers] to access Beet IoT solutions with a respected and established leader standing behind it.”  [Read more…] about Kuka agrees deal with Beet on IoT

AI knew Trump would win

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Artificial intelligence systems can predict election results better than traditional pollsters, according to a report on em360tech.com. 

Artificial intelligence systems predicted a win for Donald Trump, of the Republican Party, over Hillary Clinton, of the Democrats, in the US presidential elections held yesterday.

Most traditional opinion pollsters rely on directly asking people about their voting intentions and behaviour.  [Read more…] about AI knew Trump would win

Manufacturers rely on big data to navigate tough business conditions, says Honeywell

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Survey of 200 executives indicates most manufacturers plan to increase investments in data analytics over next year – even while delaying other technology investments

A recent survey of manufacturing executives indicates many respondents (67 percent) are pressing ahead with plans to invest in data analytics even as they pare back spending in other areas to combat tough business conditions.

The reason: Many say they view data analytics – a key component of the Industrial Internet of Things (IIoT) – as a viable solution to a cycle of problems that lead to downtime and lost revenue.

More than 200 North American manufacturing executives took part in the survey titled Data’s Big Impact on Manufacturing: A Study of Executive Opinions. The survey was jointly conducted by Honeywell Process Solutions (HPS) and KRC Research, from May 23 to June 8, 2016.  [Read more…] about Manufacturers rely on big data to navigate tough business conditions, says Honeywell