The Ledger

Can You Put a Price on Data?

The price of something is based on its value. Data is an important asset across many domains, but businesses are still struggling to find a way to verify that particular data has value. These same businesses tend to overestimate the value of their big-data supply, and often times get stuck with insights that are not completely accurate or relevant. The financial value of specific business insights can determine what a collection of data is really worth. So, how can finance leaders find that value?

Read More at The Sloan Review >

Traditional Inventory Management Practices Are No Longer Suitable For Success

“In order to remain competitive with e-commerce retailers and other brick and mortar rivals, physical stores will soon be adopting IoT and AI-enabled inventory tools as the standard, rather than the exception.”

With the increasing pressure of achieving optimal operational efficiency within physical stores, retailers must be able to achieve near-perfect inventory accuracy. For many retailers using traditional inventory counting methods in the apparel, fashion and soft goods sector, inventory accuracy can drop significantly, resulting in a poor experience for shoppers and lost sales.

Read More at MHL News >

Visibility: Seeing is Achieving In Manufacturing

Manufacturing plants that align visibility with automation can move from mass production to mass customization – and easily develop personalized products at scale. Leading companies are rethinking their current manufacturing processes and transforming continuous production lines into flexible production cells that can move and operate with plug-and-play functionality. Creating “digital twins” of the shop floor, which provide critical data on what’s being produced next, means businesses can automatically route products to the next cell in the production process. As a result, companies can better manufacture the lot size of one to deliver customized sneakers. They also gain the visibility to improve product throughput, increase equipment uptime, and perform predictive maintenance before a minor issue turns into a major problem.

Read More at The Digitalist by SAP >

The Right Technology Can Save the Food Production Industry

According to the CIO at Maple Leaf Foods, Andreas Liris,  the global food production is heading towards a crisis. The system is unsustainable, and things will only get worse unless a solution arises. That solution is potentially utilizing a technology that enables production supervisors to do on the shop floor everything they do in their offices, including keeping track of materials and inventory, making process orders, scanning labels, and staying in touch with others. The act of moving between the floor and office was an inefficient process for production supervisors and they had to decontaminate every time they entered the production area.

Read More at The Digitalist by SAP >