In today’s self-service business environment, enterprise resource planning (ERP) solutions are invaluable for consolidating data in a single place—but that’s only half the story. Optimised for back-office transaction processing and operational process support, ERP systems lack the agility to support complex financial processes.
Commoditisation and shrinking profit margins are the challenges facing manufacturers and distributors today. They also have to protect their market shares in the high competitive global environment. Therefore, they increasingly turn to service offerings in order to stand out from the other competitors.
Topics: Technology trends
Companies that are either planning to purchase an IT software or in the process of implementing one cannot overlook the Due diligence process. Many organisations either underestimate the importance of conducting due diligence or fail to gather all the relevant information to support their decision making.
Topics: Technology trends
The efforts of enhancing machines and devices are changing the entire world we live in. Along with IoT, Machine-to-Machine communicationholds great promise in helping us to connect, automate and improve our lives from business, government to private individuals.
Additive manufacturing (AM) is a method of manufacturing products by adding layer upon layer of materials, navigated by a computer-aided-design (CAD) software. Sounds familiar? It is because this is also the concept of 3D printing.
Networked Business Intelligence (BI) leverages new capabilities to truly combine the centralised and decentralised models of BI, delivering the best aspects of both: end-user self-service without analytical silos. It is a new approach to analytics based on the idea that trusted and well governed data is not at odds with speed and ease of use.
Innovation is critical to the manufacturing industry. But how does an idea evolve from inspiration to execution? Sometimes it’s a mystery, sometimes pure luck—and sometimes an idea comes to fruition via a carefully orchestrated process with many individuals participating, each person playing a vital role. What can you do to create an environment that’s conducive to creative thinking and encourages your people to act on those ideas?
A collaborative robot (cobot or co-bot) is a robot designed to work alongside human workers in a shared workspace. On the contrary, industrial robots typically operate autonomously and with little physical interaction with humans. The role of cobots in the Industry 4.0 will only get bigger.
The APEJ region (Asia Pacific excluding Japan) is expected to spend US$125.4 billion on robotics in 2022, tripling the spending in 2017, with a compound annual growth rate (CAGR) of 25.7 per cent from 2018 through 2022. APEJ is currently the largest robotics market and poised to account for more than 62 per cent of the global robotics spending in 2022, according to the research firm IDC.