Did you know that some of the biggest losses to businesses have happened due to human error? Back in September 1999, a mismatch in converting units from the British imperial system to metric system resulted in a $125 million Mars orbiter getting lost in space! A small mix up between kilometers and miles flung the orbiter so far off-course that it could now be orbiting the … [Read more...] about Industrial IoT Reducing Operation Costs and Minimizing Human Error
How MIT Researchers Use Drone Fleets to Track Warehouse Inventory
What should you know about MIT Researchers' use of Drones? Many companies are becoming aware of the need to automate warehouse inventory tracking in their businesses. The tracking of warehouse stock inventories is one of the major challenges that every business faces including the best-run enterprises. Reports indicate that business makes losses totaling to more than $45 … [Read more...] about How MIT Researchers Use Drone Fleets to Track Warehouse Inventory
High-Tech Supply & Demand Summit
The High-Tech Supply & Demand Summit is a two-day conference bringing to the stage more than 20 leaders to discuss the operational future of the High-Tech industry. Don't get letf behind, join us for the most important gathering of supply chain professionals in San Francisco on April 18 & 19. Benefit from interactive workshops, presentations, panel sessions and … [Read more...] about High-Tech Supply & Demand Summit
What Have We Here? Inventory Management in the 21st Century
We are awash in data. Individually and as companies, we are faced with more and more information every day. On the one hand, this has opened up the world and given us details and choices that heretofore we could not have imagined. It has given us access. On the other hand, that same information can be like water spewing forth from a dam. Unchecked, it has the power to drown us. … [Read more...] about What Have We Here? Inventory Management in the 21st Century
Tesco and Big Data Analytics, a Recipe for Success?
Tesco is one of the largest retailers in the world and is originally from the United Kingdom and founded in 1919. Currently they have shops in 12 countries under different brands. In the latest fiscal year (13/14) the had $ 110 billion in group sales and $ 3.6 billion in group profit before tax. Over 500.000 employees work in 7599 stores around the world, including franchises. … [Read more...] about Tesco and Big Data Analytics, a Recipe for Success?