When it comes to managing your mobile workforce, knowledge is power. And by “knowledge,” we mean data analytics.
Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Digital Strategist, Danish Wadhwa, discusses how you can keep your company cyber-safe and secure.
A survey by Nationwide informs that about eight in 10 small business owners do not have a plan to respond to the cyber-attack, even though most of them (63%) have previously suffered from at least one type of cyber-attack.
Much has been made in recent years about manufacturers struggling to find enough qualified employees to fuel their organizations. The rise of automation has squeezed out simpler job tasks and shifted the labor need to more cutting-edge competencies that machines and artificial intelligence simply cannot yet perform without human alliance. The latest strategy companies are employing to fill in this gap is using augmented reality to help teach employees the advanced skills modern manufacturing is clamoring for.
Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Maricel Tabalba of Credit.com, discusses how companies can beef up their cybersecurity without breaking the bank.
In today's increasingly wired world, digital systems are critical in facilitating customer engagement, managing finances, and running many aspects of day-to-day business operation. But for all that Internet-enabled technologies can do for a company, without the proper precaution, they can expose your organization to serious - and expensive - risks as well.
OMNIA Partners, has invited industry experts to share insights on achieving manufacturing and business success. In this post, Jonathan Toler, of Kloeckner Metals discusses how companies can make more strategic decisions through better use of their data.
Data Isn’t All or Nothing
Digital transformation is the buzzword of businesses everywhere who are rapidly trying to digitize their organizations to stay competitive. Digital transformation starts with data and building a culture in your organization that’s data driven. But, for all the hype, taking those first steps towards becoming more data driven doesn’t have to be a painstaking, all-in organizational restart. It can start with incremental moves that make data more accessible, bridge siloed departments, and, finally, tie data with departmental and organizational outcomes.
The Internet of Things (Iot) and smart devices have made our lives a whole lot easier. We can put a pot of coffee on, adjust the room temperature, and turn on the lights, all as we’re pulling up to our driveway. In the workplace and on manufacturing plant floors, smart machines connect to each other to create harmony in production, use thousands of sensors to make modifications in real-time, and can even repair themselves. At the rate technology advances in the modern age, the present seems more like that future than ever before.
Have you adjusted your metrics to drive toward this year's objectives? Operations and procurement play a big part in fulfilling a company's strategy. The role they play will vary depending on if you are launching new products, increasing quality or decreasing costs. The success of these endeavors hinges on your ability to assign proper metrics to track the progress.
The most strategic of CFOs are able to answer the tough questions, and answer them well. They create clear visibility into what's driving -- or veering the company away from -- profits and growth. Intacct Corporation recently hosted a webinar entitled, "5 Questions Every CFO Should Expect From the CEO," explaining that financial executives are playing a larger organizational role than ever before. Businesses look to their finance department to provide leadership in understanding the dollars and sense of how their company is truly running under the hood. All while asking them to balance the monetary aspects of the business with the operational.
Before you can address any problem in business, you first have to know it exists. One of the most essential spotlight shining tools that successful supply chain managers possess is their spend data. Knowing where the budget is going, and examining the appropriate purchase information to determine how you are performing, is a key component to assessing the issue.