Aerospace and defense (A&D) companies create some of the world’s foremost technological marvels and have pioneered applications of digital and analytics technologies in many of their products. However, now digital presents a new opportunity for A&D companies to embed it across their value streams, enabling them to design, build, and service products with greater speed, efficiency, and quality.
Offering a compelling omnichannel experience used to be the bleeding edge of retail. Now it’s a requirement for survival. More than one-third of Americans have made omnichannel features such as buying online for in-store pickup part of their regular shopping routine since the pandemic, and nearly two-thirds of those individuals plan to continue.
Reinventing business models and building new sources of revenue have never been more important for the healthcare industry, especially as it seeks to improve lives and livelihoods. As we note in our article, “ The great acceleration in healthcare: Six trends to heed ,” business model reinvention is increasingly becoming essential to deliver greater value to stakeholders in the areas of quality, affordability, access, experience, and equity.
Over the past decade, fuel retail has been one of the more resilient segments in the oil and gas industry. The growth of both out-of-home consumption and small-format retail has enabled forecourts to capture significant incremental value from convenience retail and other nonfuel retail (NFR) business.
It’s pretty cool that 84% of the 439 respondents in our recent smart manufacturing study agree that when it comes to the topic, their leadership “gets it.” Specifically, they agree that their leadership understands and accepts the need to invest in smart manufacturing.
After publishing major upgrades of its IFS Applications suite every three years since 2012, enterprise software vendor IFS is switching to a six-month refresh cycle that will ensure that customers always have access to its latest features. “It is really the last big launch we will ever do,” said CEO Darren Roos, a former SAP cloud executive who has led IFS since 2018. “From now on it’s IFS Cloud.” Launched March 10, IFS Cloud is a suite of ERP applications with significant extensions for field service management (FSM) and enterprise asset management (EAM), all based on the same data model.
Digitalization—and digital marketing in particular— is an increasingly important topic for chemicals. In the past year alone, several new online marketplaces (or “digital platforms”) have emerged, creating new opportunities for industry players to reach millions of customers.
At the height of the COVID-19 pandemic, many industrial companies turned to cloud technology to increase their productivity, agility, and resilience, and praised it as
Anybody with even the vaguest interest in politics and economics will recognize that the provision of healthcare is one of the most important global financial problems for private citizens and for governments. On the one hand, improvements in healthcare provision over the past two centuries are probably the most important single achievement of the scientific method in the industrialized world: In 1800, life expectancy for someone in Europe would have been less than 50 years; someone born in Europe today could reasonably expect to live late into their seventies.
In-house legal departments have long been resistant to and risk-averse about automation, but the effects of the pandemic forced many to shift gears in 2020 and pursue — or at least actively consider — more extensive automation of certain legal activities, especially those around major corporate transactions.
Most finance teams now use RPA to drive efficiencies , but RPA can only automate simple, repeatable tasks; it can’t automate the complex processes and workflows needed to improve business agility and efficacy. Adding AI-powered technologies and tools offers the next level of automation for finance, but CFOs must identify the most appropriate use cases .
Microsoft already has two vertical ‘ clouds for industry ‘ for healthcare and retail; expect more. “These are the two first ones that came out but there’ll be more to come,” Takuya Hirano, Microsoft vice president for global alliances and systems integrators partners said during a recent announcement about the state of the Microsoft partner ecosystem .
The pandemic has been a tough, real-life stress test for government disbursement schemes, highlighting opportunities but also gaps and vulnerabilities.
In the past decade, everything from home temperature control systems to vehicles has been fitted with sensors. The Internet of Things (IoT) refers to the millions of connected sensors that connect and share data.
