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Leverage Blockchain Technology for Supply Chain Management

BizAcuity

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. This also meant leveraging blockchain technology for supply chain management could revolutionize the logistics industry forever. Industry 5.0 Traceability of goods.

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Leveraging AI and Workflow Automation in Manufacturing

Argon Digital

By integrating AI and automation into various processes, manufacturers can unlock a myriad of benefits, leading to increased efficiency, reduced costs, and enhanced overall productivity. Inventory Management : AI-powered demand forecasting can help manufacturers maintain optimal inventory levels, reducing storage costs and avoiding stockouts.

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Advanced Data Analytics for the Smart Retailers

BizAcuity

Their seamless digital transformation included having to change the way they operated their stores. Optimizing inventory planning and distribution is getting trickier by the day under current market conditions. With the right forecasting model in place, businesses leverage highly accurate forecasts to ensure maximum cost savings.

Retail 147
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How Data Management and Big Data Analytics Speed Up Business Growth

BizAcuity

According to Gartner, through 2025, 80% of the organizations seeking to scale their digital business will fail because they do not take a modern approach to data and analytics governance. Otherwise, it will result in poor data quality and as previously mentioned, cost over 3 trillion dollars for an entire nation. Poor data quality.

Big Data 130
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5 Best Practices for Big Data Integration 

Astera

quintillion bytes, according to IBM. From driving targeted marketing campaigns and optimizing production line logistics to helping healthcare professionals predict disease patterns, big data is powering the digital age. It is a complex process that requires careful planning and execution. Talk about an explosion!

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20 Best Logistics KPIs and Metric Examples for 2022 Reporting

Insight Software

What is a Logistics KPI? A logistics key performance indicator (KPI) is a quantitative tool used by businesses to measure performance within their logistics department. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials.

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Introductory Guide to Business Cash Flow Planning

Insight Software

You can’t plan for emergencies, geopolitics, or sudden problems that you have no control over. Business cash flow planning can get you out of a jam and save your company. Take a look at our ultimate guide to business cash flow planning highlighting: What is business cash flow planning? What is Business Cash Flow Planning?