Accelerating Digital Transformation of Machine Tool Industry with Siemens Xcelerator

Accelerating Digital Transformation of Machine Tool Industry with Siemens Xcelerator

Siemens demonstrated how the enormous potential for optimizing machine tools can be utilized, thanks to the continuous analysis of production data. With the open digital business platform Siemens Xcelerator, IoT-enabled hardware and software, the company demonstrated how the physical world can be connected to the digital world. Such a portfolio accelerates digital transformation and enables flexible and sustainable action both in the building of machine tools and in use. Apps for the machine tool business with Siemens Xcelerator Siemens recently launched an open, digital business platform called Xcelerator. The company seeks to enable customers of all sizes in the fields of industry, buildings, power generation, public utilities and mobility to accelerate their digital transformation and increase value creation. The business platform makes digital transformation easier, faster and scalable. It comprises three cornerstones — a curated portfolio of internet of things (IoT) enabled hardware, software and digital services from across Siemens and certified third-parties; a growing ecosystem of partners; and an evolving marketplace to facilitate interactions and transactions between customers, partners and developers. With applications such as Manage MyResources/Tools, Manage MyResources/Programs, Analyze MyPerformance/OEE, Manage MyMachines, Manage MyMachines/Remote and Analyze MyMachine/Condition, as well as the Industrial Edge for Machine Tools platform, […]

NRF 2023: RFID Pushes Retailers Toward Digital Transformation

NRF 2023: RFID Pushes Retailers Toward Digital Transformation

A growing problem for retailers is managing inventory in omnichannel environments . Retailers want to ensure consistency across the in-store, online and social media experiences, but supply chain and staffing shortages can make this complicated. These days, the industry is benefiting from radio frequency identification technology to help retailers monitor inventory in real time. RFID’s sophisticated artificial intelligence and sensory technology can geotag and track products as they move from the warehouse to the store and into customers’ homes. At NRF 2023: Retail’s Big Show , IT leaders shared how they’re using RFID to enhance loss prevention efforts, identify counterfeit resale products and record accurate inventory. By digitizing the lifecycle of any product, retailers can take a major step toward digital transformation and gain better visibility into their supply chains. Why RFID Is Key to Unlocking Data Insights “We need to recognize that in retail now, data is currency,” said Ray Marciano, retail growth and commerce lead at Accenture, in a session on how RFID is driving digital transformation. Retailers are on the cusp of leveraging that insight further. For Takahiro Tambara, CIO of Fast Retailing, RFID lets us “collect rich layers of data at our fingertips. And from […]

NTT deploys intra-mart’s capabilities in Hong Kong, launches new digital transformation solution

NTT deploys intra-mart’s capabilities in Hong Kong, launches new digital transformation solution

New solution integrates intra-mart’s high-performance workflow management platform which has been used by more than 8,900 companies and 200 partners in Japan and across Asia Pacific HONG KONG SAR – Media OutReach – 19 January 2023 – NTT Ltd. , a leading global IT infrastructure and services company, today launched in Hong Kong a new digital transformation (DX) solution with consultancy services based on the successful business process platform (BPM) intra-mart ; owned by NTT DATA. Offering full-stack technology capabilities and consultancy services, NTT aims to help businesses achieve continuity within their rapidly growing IT estate. This includes identification of bottlenecks, implementation of best practice, continuous performance monitoring and optimization. Digital transformation helps enterprises stay operational and resilient. Despite an ever-expanding portfolio of applications, organizations continue to rely on manual processes, fragmented enterprise data and siloed applications to manage their daily operations. NTT addresses these challenges by providing one common platform for process orchestration and data management, which allows businesses to connect their systems, people, and processes together. A key benefit of the platform is its flexibility to digitalize, automate and re-engineer business processes and system architecture with relative ease, efficiency, and cost benefits. ”We are pleased with the […]

Why are Mining Leaders fast-tracking their Digital Transformation initiatives?

Why are Mining Leaders fast-tracking their Digital Transformation initiatives?

By Vikas Kumar Keshri, Business Consultant, YASH Technologies The mining industry is entering a new era with various fast-evolving challenges. Miners face rising costs while battling multiple environmental, yield, and compliance issues. According to McKinsey, the mining narrative is significantly more complex and nuanced. “2021 was a record year, and 2022 has been another: in recent months, prices for many mined commodities have hit record levels. (On the other hand), demand for selected commodities is expected to increase with consumer spending growth by 2030.” Emerging megatrends, including the energy shift that has propelled commodities prices upwards, have also provided an advantage for leading miners as they plan their strategies to tackle this decade of unprecedented challenges. Several of the world’s top miners expectedly had fantastic financial results for 2021. Add these gains to their strong performance in 2020, and you have a decade of victory amidst volatility. Will these top revenue makers carry the momentum into the next decade? A recent PWC forecast suggests increasing revenue and rising costs will bring in margin pressure. Circa 2022: Global GDP growth forecasts are coming down due to high energy costs, supply chain disruptions, lockdowns in China, and waning consumer confidence. However, […]

DTI chief stresses importance of digital transformation to attract more investors

DTI chief stresses importance of digital transformation to attract more investors

By Gabriela Baron Department of Trade and Industry (DTI) Chief Fred Pascual on Thursday, Jan. 19, stressed the importance of digital transformation to attract potential investors to invest in the Philippines. Pascual joined on Tuesday the CEO Dialogue on the Philippines alongside President Ferdinand R. Marcos Jr. and other members of the country’s economic team on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland. During the dialogue, Pascual discussed the country’s trade and investment priorities aimed at uplifting the lives of Filipinos and attracting strategic trade and investments in the Philippines, especially in renewable energy, high-tech manufacturing, and innovation sectors. “To further attract investments in the Philippines, it is imperative that we facilitate industrial transformation that will complement our economic recovery initiatives. We at DTI consider science, technology, and innovation, including digital technologies as our main drivers,” Pascual said. “STI [Secretary of Trade and Industry] will facilitate the development of new goods, services, and even industries; increase production efficiency, and strengthen industrial linkages,” he added. Pascual also participated at the “MSME’s Going Global” session where he shared the government’s initiatives to assist micro, small, and medium-sized enterprises (MSMEs) improve productivity and increase market reach through financing […]

Cisco and Grand Duchy of Luxembourg Renew their Collaboration in Digital Transformation

Cisco and Grand Duchy of Luxembourg Renew their Collaboration in Digital Transformation

Cisco and Grand Duchy of Luxembourg Renew their Collaboration in Digital Transformation. Xavier Bettel, Prime Minister of the Grand Duchy of Luxembourg and Chuck Robbins, Chair and CEO of Cisco Today, at the World Economic Forum in Davos, Switzerland, Xavier Bettel, Prime Minister of the Grand Duchy of Luxembourg and Chuck Robbins, Chair and CEO of Cisco announced new initiatives to help accelerate digital transformation in Luxembourg. These will focus on three pillars; cybersecurity, talent development and education, and sustainability. As part of its Country Digital Acceleration (CDA) programme, Cisco will continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement. ‘Since the start of our collaboration with Cisco in 2018, we have made great progress in addressing challenges like cybersecurity and digital education. Today, we have agreed to further develop these initiatives and embark on new areas. We intend to utilise Cisco’s expertise in the field of sustainability to accelerate our Net Zero strategy. Reflecting upon the success of our first Country Digital Acceleration partnership with Cisco, I am confident that we will continue delivering on our joint objective to facilitate Luxembourg’s country-wide digitalization’, said Prime Minister Xavier Bettel. ‘Luxembourg’s top position across various international rankings demonstrates […]

Aboitiz Construction partners with Fragile to Agile to pursue Digital Transformation

Aboitiz Construction partners with Fragile to Agile to pursue Digital Transformation

TRANSFORMING THE BUSINESS. Aboitiz Construction signs a partnership agreement with Fragile to Agile (F2A) to help design the digital roadmap of the Aboitiz Group’s construction arm. In photo (from left): F2A Lead Architect Ezekiel Vozzo, Aboitiz Construction Executive Director Antonio Peñalver, and F2A Founder and CEO Glenn Symth. In line with the Aboitiz Group’s Great Transformation growth strategy to become the Philippines’ first Techglomerate, Aboitiz Construction inked a partnership with visionary consultants Fragile to Agile (F2A) to help design the digital transformation roadmap of the Aboitiz Group’s construction arm. “We are embarking towards a transformational journey because we envision a company where 100 percent of our processes are digitized. Our consulting engagement with Fragile to Agile will help us propel towards becoming the top-of-mind construction company in the country,” Aboitiz Construction Executive Director Antonio Peñalver said. The engagement will begin on Monday, January 23, setting Aboitiz Construction up for a transformative year. Through the partnership, the enterprise architecture created will significantly increase Aboitiz Construction’s agility in the construction and maintenance business segments. The Group’s Great Transformation is driven by transformed team members. The consulting engagement involves a series of interviews, capability-building sessions, and discussions with relevant team leaders and […]

Cyret Technologies and Instron Technologies Join hands to Accelerate the Digital Transformation in Manufacturing Sector

Cyret Technologies and Instron Technologies Join hands to Accelerate the Digital Transformation in Manufacturing Sector

Cyret Technologies Partners with Instron Technolgies – Official Signing Cyret Technologies and Instron Technologies Announces Strategic Partnership Cyret Technologies and Instron Technologies Announce Strategic Partnership to Accelerate the Business Process Management with Operations Environment Management. Cyret & Instron Technologies will focus on a digital transformation for our clients by automating their business process management with Instron’s Digital Factory Solution & Automation Expertise.” — Milind Inamdar, President, Cyret Technologies India Pvt. Ltd. PUNE, MAHARASHTRA, INDIA, January 19, 2023 / EINPresswire.com / — Cyret Technologies and Instron Technologies are pleased to announce that they have entered into a global strategic partnership, combining Cyret’s strengths in ERP & IT Consulting Services with Instron Technologies’ industrial automation and cross-domain engineering expertise. Industry 4.0 has been a buzzword for a while yet there is a dearth of reliable solutions and executing partners. Cyret-Instron Technologies partnership synergy will benefit customers in the manufacturing domain wherein digital factory solution is a tangible need. "Together, Cyret & Instron Technologies will focus on a complete digital transformation for our clients by automating their business process management with Cyret’s 20+ years of expertise in ERP Implementation & Services powered by Instron’s Digital Factory Solution and Automation Expertise." – Milind […]

InfoPoint hybrid conference: Advancing Africa-Europe digital cooperation through knowledge sharing

InfoPoint hybrid conference: Advancing Africa-Europe digital cooperation through knowledge sharing

As digitalisation is systematically and rapidly becoming an important part of our economies and societies, the global demand for know-how, skills and experiences related to the topic is increasing. D4D Access is a knowledge platform that centralises, promotes, and disseminates African and European good practices and lessons on Digital for Development (D4D). Covering a wide range of topics, from e-governance to digital entrepreneurship, D4D Access contains many useful resources to support digital stakeholders in Africa and Europe – public institutions, donors, academia, companies, and civil society organisations – to advance an inclusive and sustainable digital transformation. Practical information Description InfoPoint conference: Advancing Africa-Europe digital cooperation through knowledge sharing Introduction The changes brought by new digital technologies and policies are unprecedented. Across Africa and Europe, unique examples are multiplying on how the ongoing digital transformation can improve people’s lives by increasing avenues for civic, political and economic engagement, as well as making policy developments more effective, transparent and responsive. In a field so rapidly evolving, knowledge sharing can be a critical catalyst for sustainability. As recalled by the 2030 Agenda for Sustainable Development , knowledge sharing on mutually agreed terms is key to the achievement of the SDGs. By making […]

Using Goldratt’s Theory Of Constraints For Digital Transformation: A Case Study

Using Goldratt’s Theory Of Constraints For Digital Transformation: A Case Study

Start-up investor. Founder & CEO of Roonyx Inc. Newest product, Orchea—a way to manage team load, financials, and outcomes—coming soon. getty Over a decade ago, my company had to digitize the entire sales process for a dealer network from scratch. This was our first large-scale project and it defined us as a company. Using this experience as a model, I’d like to show how you can approach any new customer’s problems using Eliyahu Goldratt’s theory of constraints . Pain Points At first, my company sold our customer relationship management (CRM) tools to one-off dealers. Soon they wanted to deploy the CRM across their dealer network. The pain points, which are common to many companies, included: • No visibility into the sales process. • Prospects and customers slipping through the cracks. • High customer and sales talent churn. • Bad customer experience with salespeople. The Search For The Ideal Solution We had the CRM and could onboard hundreds of dealerships with their managers and salespeople with no problem. The difficulty at the time was updating analog phone systems to digital. I think you will find upgrading and updating systems to often be a major hurdle. For our situation, there were […]