Start driving decisions with machine data.
Categories:

    In order to make the best decisions for your business you need to have as much information as possible. 

    There are two different types of information you need - from technology and from your employees. If you are missing one of these that could be a problem. 

    As Industry Week said, "One quality of good leaders is that they know how to make tough calls on the fly. But the best leaders also set themselves up to not have to make tough calls on the fly."

    Set yourself up for success by keeping the communication flowing so you're prepared if you need to make an immediate decision. 

    Recommended ReadNeed to Make a Critical Decision? How to Ensure You HaveSource: http://www.industryweek.com

    Establish specific information priorities (and do so as early as possible) When companies are planning major operations—a new product rollout, an advertising campaign, the opening of a satellite office—it’s important for leaders to establish information priorities.For example, the leader of a company planning a product launch might want to set a “decision point” deadline 60 days before the date of the launch, with the information priority being: Are there any technical issues serious enough to delay the launch?Read More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Why collaboration is vital for Industry 4.0

    Why collaboration is vital for Industry 4.0

    If you want to succeed with Industry 4.0 initiatives, you absolutely need to collaborate.  There are a lot of things to consider - cybersecurity, training, implementation, data management, and more. T...

    Industry 4.0
    Top reasons Industry 4.0 is rooted in people

    Top reasons Industry 4.0 is rooted in people

    Have you heard that industry 4.0 is coming to replace humans in manufacturing?  I'm here to tell you that manufacturing technology is actually deeply reliant on people.  Here are two reasons why we wi...

    Industry 4.0
    How are blockchain and AI being used with Industry 4.0?

    How are blockchain and AI being used with Industry 4.0?

    How are blockchain and AI being used with Industry 4.0? Two major ways are in communication and data storage.  AI is being used for business chatbots in order to improve the customer experience and in...

    Industry 4.0
    How does machine learning actually work?

    How does machine learning actually work?

    How does machine learning actually work? How do the machines learn? It all comes back to humans teaching these machines how to learn. They start with a base of information that humans have labeled, su...

    Industry 4.0
    The fascinating possibilities of artificial intelligence and CNC

    The fascinating possibilities of artificial intelligence and CNC

    Artificial intelligence and CNC are a potential dream team. There is, however, still a lot of work to be done in order to make that a reality.  MMS Online said, "The hope of applying AI to manufacturi...

    Industry 4.0
    Top reasons big data is great for any size business

    Top reasons big data is great for any size business

    Many businesses might think that they don't need big data, or that they aren't a big enough company to even use it. However, that's not the case! Big data can be very beneficial to companies of all si...

    Industry 4.0
    Top ways to work on energy efficiency

    Top ways to work on energy efficiency

    Industry 4.0 is an essential component of increasing your efficiency - and that absolutely includes energy efficiency.  For example, Automation World said, "Savings can be found in ensuring there are ...

    Industry 4.0
    The difference between IoT and AIoT

    The difference between IoT and AIoT

    You have probably heard of IoT by now, but have you heard of AIoT? AIoT specifically refers to artificial intelligence and the internet of things working together. Forbes explained it well saying, "Wh...

    Industry 4.0
    What to do about

    What to do about "messy data"

    What is messy data? It's data that you can't analyze or use right away, and time is wasted when problems aren't caught immediately.  Industry Week said, "Manufacturing software providers shouldn’t vie...

    Industry 4.0
    How are you handling Industry 4.0?

    How are you handling Industry 4.0?

    Industry 4.0 and digital transformation are sweeping the manufacturing industry. How is your business handling it?  It's easy to get swept up in it, but it's also easy to get behind when changes are h...

    Industry 4.0