A recent global study – After The Fall: Cost, Causes and Consequences of Unplanned Downtime* – showed the majority of companies have experienced at least one unplanned downtime outage over the past three years, costing an average $260,000 an hour across all businesses.
It’s been well publicised – not least by The Manufacturer itself – that disengaged employees are bad news for business productivity and profitability. But in the rush to attract and retain young talent, companies could be aiming wide of the mark.
It may have been released over a month ago but we thought we would delve a little deeper and look at some of the manufacturers that made this year's Harvard Business Review Top 100 Best-Performing CEOs. And we were surprised by what we found.
Search ‘Digital Transformation’ online and you’ll get about 450,000,000 results. Rather than having to sift through all of them, here’s a useful guide which touches on almost every aspect of your organisation and how digital technology can help make them more effective.
Quality assurance has traditionally been reliant on a legion of human operators armed with clipboards and pens. The combination of artificial intelligence, edge computing and advanced algorithms is changing that, and fast!
The term “the experience economy” was coined in the 1990s to describe how customer experiences would become the main competitive battleground for companies. Today, we find ourselves in the middle of this new economy. In order to survive, companies now need to focus on “experience innovation” and increase their customers’ involvement in their innovation process.