by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Digital Transformation, Manufacturing

One day AI systems will predict what is currently impossible, to allow us to overcome the inefficiencies in our lives and in our factories. In a previous blog, I discussed the reasons why we humans do not trust artificial intelligence. In this blog, I would like to look at the potential of AI and what,…

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Skills Gap

by   |    |   4 minutes  |  in Aerospace & Defense, Construction and Contracting, Creativity & Innovation, Manufacturing, Transform Your Business

When I meet with IFS customers across the UK one of the most common pieces of feedback is the struggle to find talent to bridge the ‘skills gap’ or ‘skills shortage’ affecting UK businesses. On the one hand, they have new technologies entering their factories, warehouses, construction sites and in-field equipment, on the other, they…

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high tech manufacturing

by   |    |   3 minutes  |  in Manufacturing

Over the past few years, the highly unstable prices on raw material and the increased lead time from suppliers on components have put financial pressure on many manufacturers as they experience challenges to quickly respond to the market volatility. Of course, the overall planning of optimized inventory levels relies on accurate demand planning and forecasting,…

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The Biggest Challenge to AI Adoption

by   |    |   6 minutes  |  in Business Technology, Manufacturing, Strategy, Supply Chain, Transform Your Business

In my last blog i talked about the use of artificial intelligence to help process manufacturers uncover the holy grail – accurate forecasting. In this blog i will explain why we might be the barrier to that happening. In my last blog I talked about how artificial intelligence might help manufacturers discover the holy grail…

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If Amazon did Factories

by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Strategy, Transform Your Business

Amazon recently announced record profits of $3.03bn, breaking its own record for the third consecutive time. However, Amazon appears to be at a crossroads as to where it heads next. Beyond pouring additional energy into Amazon Prime, many have wondered whether the company may decide to enter an entirely new sector such as manufacturing to drive future…

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Forecasting Holy Grail

by   |    |   5 minutes  |  in Business Technology, Digital Transformation, Manufacturing, Process Manufacturing, Transform Your Business

Accurate forecasts are the panacea for food manufacturers, Is artificial intelligence getting us close to a solution, are we near to finding the forecasting Holy Grail? I was at a director’s dinner recently, discussing the use of AI in today’s food manufacturing companies, when I suggested that artificial intelligence would provide the ultimate solution to…

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strategic positioning

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Manufacturing, Strategy, Transform Your Business

The King is dead, long live the King! With change and renewal being the only long-term constant, business positioning and product prediction become key to survival. ‘Strategic positioning’ is part two of a three-part blog series outlining the cornerstones required for reinforcing business longevity. Clairvoyancy or Cunning Your strategy requires provision to have the right…

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6886_50041

by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Transform Your Business

A new generation of point AI solutions will prove themselves in 2019. They’ll build new trust, urgency and understanding of what ‘AI’ actually is, and just how much it can deliver. Voice-driven solutions will lead the charge. And we’ll see pick-and-place robots in smart warehouses delivering a major competitive edge, as companies advance their use…

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by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Manufacturing, Supply Chain, Transform Your Business

Drive strategic work to attain the right contracts and organize operational work becoming as efficient as possible. There are general expectations and there are unique expectations for specific industries and organizations. Purchasing can play a pivotal role in delivering bottom line results, nurturing relationships and providing access to important partners. IFS can help organizations across…

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