AUTHOR: Sridhar Kodati

Collecting relevant data and analyzing it to identify both potential risks and opportunities is nothing new to insurance companies. In fact, insurance actuaries been early adopters of the most cutting-edge statistical analysis tools available since insurers were first writing policies on cargo transported by sailing ships and trade caravans. It was those early efforts in analytics that enabled[…]

As the manufacturing industry moves towards digital transformation and Industry 4.0, it continues to adopt new technologies and advanced manufacturing processes. These new tools are also leading to increasing rules, regulations and demand for operational transparency, urging manufacturing enterprises to adopt new strategies to address regulatory compliance.

For years, interaction between participants in a supply chain has been based on electronic data interchange, or EDI, ensuring that all participants are using a common language to enable communication between otherwise-incompatible systems. 

From the standpoint of measures of manufacturing output, the United States manufactures more goods than it ever has throughout history. While shop-floor automation gets much of the credit for manufacturers’ growing productivity, those in the industry know that what’s going on behind the scenes and in the supply chain is equally – if not more – important. Digital transformation is making[…]

While outsiders looking in at the manufacturing industry may be forgiven for thinking that its massive productivity gains in recent years are the result of robots and automation, industry insiders know that there’s a far more subtle force in play: Information.