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Importance of Data Protection in the Cloud
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Goal-Setting to Digital Transformation
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The Coming Digital Revolution in Retail
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SIMA Skill Development Centre
Can The Indian Manufacturers Benefit From The China Exodus, By US Based Companies?
Last year the Indian manufacturers welcomed the announcement about the government pushing for multiple defence corridors. We clearly acknowledge that this is a massive step and a much needed initiative to propel the growth the Indian MSME needed. As the foundation and the policy is taking shape, it’s imperative that excessive caution and judicious approach needs to be adopted. Things will fall in place,...
How Big is the Digital Transformation Market and which Industry is Spending the most? According to IDC, Global spending on the digital transformation (DX) of business practices, products, and organizations was estimated at $ 1.8 trillion in 2022, and will continue to grow with a five-year compound annual growth rate (CAGR) of 16.6%. To come up with this number, this study...
Leadership and Thought Leadership
Leadership and thought leadership are two distinct concepts that often get conflated. While both are important, they serve different purposes and have different strengths. Which one is more valuable in today’s business world, particularly when you are hiring. Leadership refers to the ability to guide, inspire, and motivate a group of people towards a common goal. Leaders set the vision,...
Smart Manufacturing According to ISO - International Organization for Standardization, we are at a stage within Industry4.0 where some of the new disruptive technologies are mature enough to be leveraged by the industry (referred to as "Enablers") . As part of this journey, there are also a set of design principles that are currently under development and of high relevance...
Happy Operators: The Key to a Thriving Industry 4.0 Factory
Happy Operators : The Key to a Thriving Industry 4.0 Factory In the realm of Industry 4.0, where advanced technologies reign supreme, the human element often gets overshadowed. Yet, the success of digitalization hinges on the happiness and empowerment of operators—the individuals who bring life to the factory floor As we navigate the path to successful digital transformations, it is crucial...
Can AI Aid in Financial Decision Making
Neutralizing bias in financial decision making – Can AI aid? Investment decisions are always tough calls. The market is flooded with investment strategies that support fundamentals as well as behavioral finance. Both types of strategies have their successes and failures, in relation to the larger economic conditions. However, in the last two years, on the onset of the pandemic, despite...
Industry 4.0 & Process Improvement Methodologies
Driving Continuous Improvement in Manufacturing with Industry 4.0 Solutions "If you can't measure, you can't improve." This quote by Peter Drucker sums up the importance of data and measurement in continuous improvement programs in manufacturing. The history of manufacturing is filled with examples of companies that have achieved great success by implementing innovative and efficient production processes. Henry Ford's assembly line...
Digital Twin – Plant Life Cycle Management
Digital Twin - Plant Life Cycle Management PREMISE: In 2020, the digital twin market was valued at USD 3.1 billion, it is estimated to grow sharply to 48 billion in next 5 years, which is why, we can see lot of traction and messaging by various solution providers, vendors in jumping this bandwagon. However, there is a lot of ambiguity in the...
Industry 4.0 & the Benefits of Smart Manufacturing
Industry 4.0 and Smart Manufacturing are revolutionizing production processes with advanced technologies like AI, IoT, and automation, optimizing efficiency, quality, and improving productivity enabling smart factories Introduction Industry 4.0 is revolutionizing the way companies manufacture, improve and distribute their products. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into...
Rare Earth Metals – “The Race Is Very Much On!”
Rare Earth Metals (Episode 2) - “The Race Is Very Much On!” In my previous and first article on this topic (Rare Earth Metals – “The War for World Domination”, dated July 28, 2022), I had focused on how China was galloping away towards the winner’s podium of the Rare Earth Metals Race. For those who missed it or wants...
USA National Cyber Security Strategy and its Importance
2023 USA National Cyber Security Strategy and its Importance On March 2, 2023, USA President Joe Biden administration released its 2023 US National Cyber Security Strategy to understand the current emerging trends, managing challenges and to build a digital ecosystem that is more resilient against cyber-attacks. The Strategy recognizes what the US government must seek to protect the critical infrastructures including...