There’s Gold in Them Hills! Mining Big Data for Value, Literacy and Sense
Think of big data as a rocky mountain, looming over your business, housing tons of valuable ore. You know the ore is there, but not how to find it. Mining big data for valuable and actionable small data poses a challenge for many SMBs and manufacturing companies, and there are many “mining packages” out there promising they are the best at data exploration and extraction. So, when it comes to approaching your mountain, how do you proceed? The best approach is the same approach a mining company utilizes to extract ore from a mountain: in well-planned phases.
Insights to guide your digital transformation.
Oct 7, 2020 8:49:38 AM
There’s Gold in Them Hills! Mining Big Data for Value, Literacy and Sense
Sep 22, 2020 1:28:45 PM
Ask Amazon CEO Jeff Bezos what he has for breakfast, and he would probably reply, “big data.” Yes, big data is the Wheaties of Champions, and businesses are investing in the best tools and expertise to harness it. But not every business behaves like Amazon, and there’s one important tool that’s being bypassed on the “cereal shelf,” small data.Read More
Jun 22, 2020 8:00:00 AM
Two questions your Board will ask the C-Suite about IT systems that your CIO must be prepared to answer:
1: Is our system secure?
2: If our system is breached, can we quickly get back up and running?
Eric Yuan, CEO and founder of Zoom Video Communications, knows firsthand the answers to these two questions after his video meeting platform was plagued with cyberattacks. Soon, “Zoombombing” became a common catchphrase, and the company raced to seal up security leaks, improve encryption, and destroy bugs in the software.Read More
Jun 15, 2020 8:00:00 AM
Every relationship needs to be nurtured, including the one you have with your data, and a full modernization of your legacy software is the first step. But regardless of where you are in your modernization journey, one key system that must be upgraded is your analytics platform. This platform behaves like a third-party, non-biased interpreter of your data, able to mine relevant and sometimes hidden information from all areas of your business, ultimately providing you with actionable solutions. Relationships with humans can be messy and hard to interpret, but a healthy relationship with your data shouldn’t be, especially with these 5 key strategies:Read More
Jun 8, 2020 8:00:00 AM
In a world that is filled with disastrous news, for 10 seconds, all eyes were locked onto the sky as we watched the SpaceX Falcon 9 rocket booster launch two astronauts to the stars, and for those brief moments, we realized that humanity was always built for something bigger.
In truth, the SpaceX launch was “a welcome reminder of America’s global pre-eminence in science, technological innovation and private enterprise at a time its prospects and ambitions have been clouded by the coronavirus pandemic, economic uncertainty and political strife.” (NY Times)
Jun 1, 2020 9:45:00 AM
Even before the pandemic, the fast-paced, rapidly-changing dynamics of our business world was enough to make us feel like Olympic runners, sprinting at high speeds simply to maintain our competitive edge. But add a mandated quarantine, a complete shift to WFH, and many of us have, as runners would describe it, “hit a wall.” Some of us have also lost our bearing, not even recognizing the track anymore. If we could stop to assess our situation, we would reach one realization we must accept: the landscape of our work lives has altered completely, perhaps forever, and discovering innovative software to chart a new course for our business has become our top priority.Read More
Feb 25, 2020 8:26:08 AM
The Internet of Things (IoT) may sound like a far-off concept, but many manufacturers today, including small and midsize businesses (SMBs), are beginning to integrate automation and IoT technologies to work smarter for their customers. From usage stats to error logs to inventory, equipment outfitted with data-capture technologies collect and transmit insights that can be immensely valuable to manufacturers looking to gain an edge in 2020. Here’s how.Read More
Feb 19, 2020 10:55:15 AM
It’s unusual to read anything about the manufacturing industry these days that doesn’t mention “digital transformation” and the “cloud.” Manufacturers are adopting sophisticated new tools to revolutionize their supply chains and optimize their processes. While some small and midsize manufacturers may not have a desire or need to dedicate significant capital to a completely digitized supply chain, many are taking steps to modernize their operations through sensible investments in new technologies.Read More
Feb 10, 2020 10:30:00 AM
As discussed in the first blog in this series, manufacturing has seen a slowdown over the last year, both in terms of demand and job growth. It’s hard to know exactly when a recession will occur, but when faced with signs of a slowdown, manufacturers are wise to be proactive in evaluating their operations before action must be taken.Read More
Jan 28, 2020 8:08:32 AM
Ask a room of manufacturers about their organizations’ goals for 2020, and you’ll find that target numbers may be more modest than in years past.
This cautious outlook is largely driven by the global purchasing manager’s index (PMI), which, in 2019, saw several consecutive months below 50.0, the level that distinguishes between expansion and contraction. At year’s end, U.S. manufacturing activity fell to 47.2 – the lowest level seen since June 2009, when the U.S. economy was nearing the end of the Great Recession.Read More
Jan 14, 2020 10:21:33 AM
Growing Life Sciences manufacturers need systems and solutions in place that help them remain compliant, while helping them grow their business. Implementing an ERP system to meet business requirements that is validated in accordance with FDA regulations is a continual challenge. Finding an ERP solution provider that best suits your needs and has experience developing and deploying an FDA-Regulated ERP solution can be another challenge.Read More
Dec 4, 2019 9:00:00 AM
As an early-stage life sciences manufacturer, you may have plans to release your product to the global market. In order for it to be commercially available on an international scale, approvals from more than one regulatory authority will be required.Read More
Nov 18, 2019 3:00:00 PM
The impact of intelligence increases substantially when technology delivers valuable data - fast. Managers get instant access to information that they can use to make decisions on the fly to improve manufacturing processes.Read More
Nov 11, 2019 9:00:00 AM
When it comes to courting investment, there is no foolproof recipe for the success of a small to midsize Life Sciences firm. Your path may look very different from your peers’, and why shouldn’t it? As a unique organization with a distinct offering, setting yourself apart is critical to attracting the right investor.Read More
Nov 5, 2019 10:37:22 AM
In recent blogs we explored how analytics in manufacturing is more effective when delivering insights focused on specific industries, and when it’s easy to run a custom analysis to derive an answer to a certain question. Let’s now consider predictive analytics, which go a long way in helping manufacturers make accurate predictions, and then make decisions based on that window into the future.Read More
Oct 29, 2019 9:00:00 AM
Whatever your goal as a growing life sciences business, be it long-term profitability, FDA approval or acquisition, a lynchpin of your success will be learning to juggle short-term scalability while keeping your eye on the ball. The many tools and features of an enterprise resource planning (ERP) system can help small and midsize businesses (SMBs) in FDA-regulated industries organize and automate their operations.Read More
Oct 22, 2019 9:00:00 AM
Market growth drives the success of a small and medium sized business (SMB) manufacturers. It’s not necessarily by what their business leaders plan. Product demand is rising, and in order to handle that rising demand, businesses need more capacity and are adding shifts and additional facilities to their small business.Read More
Oct 8, 2019 9:04:32 AM
It’s a common request. Make data analysis easy to leverage so people can continually improve operations and forecast supply and demand. That’s what IT teams at manufacturing organizations keep hearing from plant managers, sales teams, and executives. That’s not all. They also want the data in real-time to be able to make informed decisions on the fly.Read More
Sep 30, 2019 8:22:00 PM
As we mentioned in Part One of our Top Key Characteristics of SMB Manufacturers blog, small and midsize manufacturers have some key strengths that make them ideally suited for the digital era. Often categorized as insignificant, small to mid-sized businesses (SMBs) are often and mistakenly overlooked.Read More
Sep 25, 2019 11:44:00 AM
Every manufacturing industry — from life sciences to medical devices, marine, automotive, robotics, and high technology — has its own way of producing products, and each individual company has its own specific manufacturing processes and regulations that need to be tracked and followed.Read More
Sep 17, 2019 10:38:17 AM
Manufacturers have some key strengths that make them ideally suited for the digital era. No matter how big or small your business is, from a multi-employee empire to a start-up biotechnology firm, every business needs a brand—a mark of character.Read More
Sep 10, 2019 11:12:00 AM
The Business Analytics Challenge
Managing sales territories across dispersed teams and product offerings for complex companies in the life science industry can be challenging. In order to drive better results, sales manager need a complete view of performance throughout the sales organization.
Aug 20, 2019 11:08:00 AM
In a drastically changing market, Life Sciences firms are tasked with making smart therapy and acquisition decisions in order to grow their business. With rapid consolidation occurring in the biotech marketplace, firms are faced with needing to accurately track the performance of their product, while also keeping tabs on the competition.Read More
Aug 13, 2019 11:26:23 AM
Small and midsize food and beverage manufacturers are no stranger to narrow margins. At times, it can feel like an uphill battle to sustain profitability, especially when procurement costs suddenly skyrocket, or retailers are applying pressure to lower prices.Read More
Aug 6, 2019 10:09:18 AM
With business analytics you can take control of your complete manufacturing operation to maximize quality, efficiency, and output.
The Business Analytics Challenge
Life science companies in the manufacturing industry need to conform to regulatory compliances with GMP, cGMP, GLP, cGLP, and several other quality and safety guidelines - not to mention any manufacturers who need FDA regulatory compliancy. Doing more with less is a running trend in this sector.
Jul 30, 2019 10:33:00 AM
How can ERP-enabled insights help small and midsize food and beverage manufacturers get ahead?
Today’s industry conditions can make it challenging for any small or midsize manufacturer to remain competitive. But for food and beverage manufacturers, there are hurdles inherent to the business. Perishable goods, strict safety standards and supply chain variability are all factors that must be contended with to be profitable.Read More
Jul 16, 2019 10:50:00 AM
The Business Analytics Challenge
Companies in the life science and FDA regulated industry often treat each compliance requirement as a separate management program. This could be a clinical trial reporting operation, manufacturing lot tracking, or one of many other requirements. Programs such as these tend to thrive in the industry. Each program develops their own approach to gathering data to report to regulatory authorities, however, this may increase the risk for additional compliance costs and potential mistakes. Life science firms can now build an approach to standardize compliance by building it into their business processes.Read More
Jul 8, 2019 2:32:14 PM
Which functions are needed to help you meet regulatory requirements and uphold quality and safety throughout your operations?
The past year has seen some particularly egregious recalls, including repeated outbreaks of E. coli, salmonella and hepatitis A. High-profile recalls such as the one involving romaine lettuce have impacted consumers’ trust, and regulators are doubling down to ensure such oversights do not occur again in the future. Likewise, food and beverage manufacturers are revisiting their sourcing and materials handling procedures to close any quality-related gaps in their practices.Read More
Jun 25, 2019 3:53:16 PM
Manufacturing’s digital transformation is the new place for the evolving role of ERP. From business analytics to artificial intelligence and the Internet of things (IoT), new technology is disrupting how manufacturers do business. One of the most time-consuming tasks, that requires a high level of expertise, has always been taking the raw operational data and turning it into actionable insights. If this analysis is done in house, your only option was to purchase an expensive business intelligence software separately and then, if possible, integrate with your ERP system.Read More
Jun 18, 2019 9:57:00 AM
ERP is playing a significant role in manufacturing’s digital transformation. From business analytics to artificial intelligence and the Internet of things (IoT), innovative technology is disrupting how manufacturers do business. Advanced technologies have affected the competition within the manufacturing industry both domestically and abroad. Manufacturers must continuously analyze how they do business to remain competitive. ERP systems have become critical to making operational improvements in the modern age.
Thanks to ERP software, we expect to see a number of trends take hold over the next year.Read More
Jun 13, 2019 9:38:59 AM
From operational efficiency to recall preparedness, a strong traceability system is critical to remaining competitive in today’s food and beverage market.
Traceability, or the ability to trace the flow of food and beverage products through production, has always been essential to operational efficiency. But in the age of mounting global competition and increasing regulatory oversight, it is more important than ever.
Today’s food supply chain has expanded, such that it is common for the production process to span continents. Given this added complexity, even small and mid-sized manufacturers must invest in the proper technologies to ensure traceability, both as a means of food safety and of remaining nimble in a competitive market.
In this blog, we review how ERP supports traceability and the must-have features to look for in your food and beverage ERP solution.Read More
Jun 11, 2019 8:37:27 AM
From business analytics to artificial intelligence and the Internet of things (IoT), ERP’s new place at the heart of Manufacturing’s digital transformation as the cutting-edge technology is disrupting how manufacturers do business.
What is blockchain? You have probably heard of its most famous application, Bitcoin, which is a blockchain-based currency system. It is actually the first digital currency system to work without a central bank or common administrator. Since its creation, it has been known as “the people’s currency,” and relies upon the unique security of blockchain technology to remain fully democratic in function.
Blockchain’s powerful technology has potential implications for next-generation ERP. Let’s discuss how it might be used within the world of manufacturing.Read More
Jun 4, 2019 10:19:07 AM
From business analytics to artificial intelligence and the Internet of things (IoT), learn about the cutting-edge technologies disrupting how manufacturers do business. In this special blog series regarding Digital Transformation & the Evolving Role of ERP, we will discuss ERP’s new place at the heart of manufacturing’s digital transformation. When we look back at of the mind-boggling depictions of the future in books and movies, we can, in some cases, now say those predictions were not so far-fetched.
Thanks to emerging artificial intelligence (AI) technologies, many of the “futuristic” portrayals are now reality. Robots can understand and speak natural language and “digital assistants” are ready to provide instant answers to our questions.Read More
May 30, 2019 2:02:08 PM
As noted in the Boston Business Journal’s April 4 article ("Biotech, in motion: Demand for life science execs fuels game of musical chairs"), while funding has been handily secured by many Boston biotech firms, qualified people to fill recent job openings have been more elusive. The challenge to recruit and retain life sciences talent has led to extended vacancies and instability in organizations otherwise poised for growth.
For biotech companies struggling with an incomplete workforce, now is the time to explore how technology could empower organizations to scale in spite of staffing challenges.