Data analysed by CX Network, the global online network for customer service and marketing leaders, has found that AI usage to improve business operations in the technology sector has increased 25% since the end of 2023.
Manufacturing Software, ERP, MRP
Manufacturing software systems are important tools for the automation and management of production processes. A wide range of manufacturing companies covering many different vertical sectors rely on manufacturing software to better manage the sourcing and use of material or parts quantities, scheduled production timelines, inventory management and the planning for future order demand. One commonly deployed example of a manufacturing software system is an Enterprise Resource Planning (ERP) solution, designed to better manage information concerning orders and materials, finance, Customer Relationship Management etc.over the whole organisation.
Tech businesses have increased AI usage to improve business operations by 25% in the last quarter, new data reveals
May 02, 2024
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Diversity in automotive moving forward but remains stuck in the slow lane
Apr 24, 2024
![Diversity in automotive moving forward but remains stuck in the slow lane](/assets/components/phpthumbof/cache/bigstock-216597520%281%29.5ed7ef4c3cc83942e264afcd16a6fc64.jpg)
Insight from the IMI’s Diversity Task Force, published in its latest report – Driving Towards Inclusion - reveals a more positive picture of diversity in many areas.
SAP unveils AI-driven supply chain developments to transform manufacturing
Apr 24, 2024
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SAP SE has announced AI advancements in its supply chain solutions that the company believes will unleash a transformative wave of productivity, efficiency and precision in manufacturing.
Manufacturers find recruitment challenge easing
Apr 24, 2024
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The employment picture is on the whole looking a little healthier, with manufacturers across the board reporting an easing of recruitment pressures with more vacancies being filled than at any point in the last two years.
Solid expansion of UK SME business activity so far in 2024
Apr 23, 2024
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Business activity among UK SMEs has expanded at a solid rate throughout the first quarter of the year with the NatWest SME PMI Business Activity Index recording 52.6 in March.
The role of 3D Cu-Cu hybrid bonding in powering future HPC and AI products
Apr 22, 2024
![The role of 3D Cu-Cu hybrid bonding in powering future HPC and AI products](/assets/components/phpthumbof/cache/bigstock-print-head-of-d-printer-machi-344707012%281%29.5ed7ef4c3cc83942e264afcd16a6fc64.jpg)
By Dr Yu-Han Chang, Senior Technology Analyst at IDTechEx.
Semiconductor packaging has evolved from traditional 1D PCB levels to cutting-edge 3D hybrid bonding at the wafer level, achieving interconnecting pitches as small as single micrometers and over 1000 GB/s bandwidth.
Global trade activity shows green shoots of recovery, led by strong growth in China and the US
Apr 22, 2024
![Global trade activity shows green shoots of recovery, led by strong growth in China and the US](/assets/components/phpthumbof/cache/bigstock-young-investor-or-business-man-289459831%281%29.5ed7ef4c3cc83942e264afcd16a6fc64.jpg)
New data from Tradeshift's Q1 Index of Global Trade Health paints an encouraging picture for global trade, with robust growth observed in China and the US, alongside indications of a rebound in global demand for manufactured goods.
95% of IT leaders concerned about mainframe modernisation backlog
Apr 18, 2024
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Some 95% of IT leaders across industries have voiced concerns over the implications of not modernising applications and data running on mainframe systems.
Manufacturers using less than two fifths of their ‘data brain’
Apr 17, 2024
![Manufacturers using less than two fifths of their ‘data brain’](/assets/components/phpthumbof/cache/bigstock-168353534%281%29.5aaab469d6f46964c8e80ae853877ed6.jpg)
Appsbroker & CTS, the Google Cloud-only consultants, has released a new report showing that manufacturers are still struggling to get full value from their ‘data brain’ – the data an organisation captures and analyses to drive business value.
BlackBerry collaborates with AMD to advance foundational precision and control for robotics industry
Apr 16, 2024
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At Embedded Worldy, BlackBerry Limited announced a collaboration with AMD designed to develop the next-generation robotic systems by enabling new levels of low latency and jitter and repeatable determinism.
Manufacturing software systems
Manufacturing software systems provide the automation and computational support for complex manufacturing processes. Manufacturing companies leverage manufacturing software systems to carefully manage the timing, types and quantities of materials they purchase in order to ensure that they are able to meet current and future customer demand while at the same time achieving the lowest possible cost and inventory accumulation.
Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems facilitate the flow of information between all business functions inside the boundaries of the organisation and manage the connections to outside stakeholders.
Manufacturing resource planning (MRP II) addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions and extension of closed-loop MRP.
CRM or Customer Relationship Management concerns the relationship between an organisation and its customers. The scope of CRM which can vary drastically as it can be used by management, salespeople, people providing service, and even customers could directly access information to find out information.
Cloud computing can be defined as the set of hardware, networks, storage, services, and interfaces that combine to deliver aspects of computing as a service. Cloud services include the delivery of software, infrastructure, and storage over the Internet and is based on user demand. Cloud Computing is the latest stage in the Internet's evolution, providing the means through which everything , from computing power to computing infrastructure, applications, business can be delivered to you as a service wherever and whenever you need.
Cloud computing has some essential characteristics: scalability depending on requirements, offers a way to increase capacity or add capabilities on the fly without investing in new infrastructure, eliminates the need for on-site personnel to maintain computer equipment. No up-front CAPEX (capital expenditure) required, as billing is a pay-as-you-go model, access to the very latest application programming interfaces (APIs).
SaaS (software as a service) is a type of cloud computing delivering a single application through the browser to thousands of customers using a multitenant architecture. On the customer side, it means no upfront investment in servers or software licensing; on the provider side, with just one app to maintain, costs are low compared to conventional hosting. SaaS is emerging to provide service to all aspects of an organisation`s activities in the areas of Manufacturing, ERP, Demand Forecasting, Advanced Planning, S&OP, Supply Chain, Warehousing, Transport Management and HR (human resource).
Business intelligence (BI) is a set of theories, processes and technologies that convert raw data into useful information for business purposes. BI can handle large amounts of information to help identify and develop new opportunities to gain market advantage over competitors. The amounts of data that are now being gathered as a result of because they are increasingly being gathered by a growing range of diverse and ubiquitous information-gathering devices.
These data sets become so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The trend to larger data sets is due to the additional information derivable from analysis of a single large set of related data, as compared to separate smaller sets with the same total amount of data. The current challenges of BIG DATA include the capture, storage, search and share capability, transfer, analysis, and visualisation. Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This data is big data.
It is estimated that the world's technological per-capita capacity to store information has roughly doubled every 40 months since the 1980s. The challenge for large enterprises is determining who should own big data initiatives that straddle the entire organisation and how this data can be used as a source of revenue and to gain competitive advantage.