The Ledger
Curated content foranalytical business leaders
The Potential For Digital Manufacturing
September 5, 2017
Digital transformation has revolutionized the manufacturing industry as we know it. Innovative manufacturers understand that digital transformation is essential to sustain profitable growth and a competitive edge in today’s increasingly disruptive business environment. There are three main forces driving digital manufacturing: product-based business models transforming into services, growing customer expectations and changing business needs, and mass customization. In order to be successful in todays increasingly connected and disrupted business environment, manufacturers need to continually progress.
Read More at The Digitalist by SAP >
Better Informed Decisions Vs. Better Decisions
September 4, 2017
New technologies are allowing companies to dive deeper into their data than ever before. Although data is needed to make better informed decisions, more data does not equal better insights and decisions. The digital universe has shaped how business leaders perceive, leverage and ignore data. These tools also enable leaders to leverage analytics solutions that can advance their data to the next level. However, psychology and attitude play a larger role in tackling data-driven decisions.
Digital Agility Can Keep Pioneer Brands Competitive
August 31, 2017
Amazon.com Inc. has invited some of the world’s largest food brands to join them in shipping products directly to online shoppers and bypass their brick-and-mortar retail partners, like Walmart, Target and Costco. This outreach exposed a digital divide between growing interest brands in direct-to-consumer models, and traditional distribution channels and retailers carrying these brands. Consumers are changing and gravitating to convenience where they can buy anything without leaving their house. In this environment, a failure to think digitally may have serious consequences.
Read More at The Harvard Business Review >
Personalization’s Impact On Business Success
August 30, 2017
According to Hans Thalbauer, Senior Vice President of IoT and Digital Supply Chain at SAP Leonardo, a sluggish supply chain and lack of personalization of products are the two major disruptions that are affecting manufacturers today. Due to the rise of demand-driven supply networks, business success depends on fixing these two major issues. Thalbauer explains, “We need to be able to deliver within one hour, maybe even within 30 minutes … [so] I need to have a very clear understanding of the demand picture. It’s not only statistical forecasting; I use machine learning in the supply chain, [and] I use predictive analytics.”
Read More at Forbes Magazine >
