When a component in a chiller or compressor starts to fail, the machine may continue to operate, but the reduced efficiency will cost a user in power consumption. Managing the health of mechanical parts can be a difficult task for buildings and industries, despite being an important way to ensure that machines are operating effectively.
Almost every day, it seems, there's news of another ransomware attack on a prominent organization. In fact, according to one study, almost 40 percent of all businesses experienced an attack from the summer of 2015 to the summer of 2016. To protect our companies against ransomware and its potentially disastrous technological and financial consequences, we have to understand what's needed to shield information technology systems from the initial infection and how to recover as quickly as possible.
The internet of things (IoT) may present the biggest opportunity to enterprises since the dawn of the internet age, and perhaps it will be bigger. Research firm Gartner predicts there will be nearly 20 billion devices on the IoT by 2020, and IoT product and service suppliers will generate more than $300bn in revenue.
Deutsche Post DHL Group and Chinese technology conglomerate Huawei Technologies are collaborating on a range of supply chain services for customers using "industrial-grade internet-of-things hardware and infrastructure."
Nearly two-thirds of companies with well-established advanced analytics strategies report operating margins and revenues of 15 percent or more, according to a report developed by Forbes Insights, in collaboration with Ernst & Young.
Finance chiefs are responsible for minimizing the risks that their organizations face in all facets of business - from supply chain operations and fixed-asset investment to payment processing and cybersecurity.
No matter what products they make, how many they make, or how often they make them, all U.S. manufacturers share a common goal: They need to get their products to their customers, on time, and the familiar litany of trucks-trains-boats-and-planes (and sometimes, pipelines) remains the way that goods get moved. At least that's the case in early 2017. Within a year or two, maybe not so much.
Oracle is expanding its Internet of Things (IoT) portfolio with four new cloud solutions to help businesses with their digital supply chains, the software company says. These solutions enable businesses to detect, analyze, and respond to IoT signals and incorporate these insights into existing and rapidly evolving market capabilities.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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