article thumbnail

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 Conclusion.

article thumbnail

5 Industries That Are Being Revolutionized By Big Data

Smart Data Collective

IBM wrote an excellent report about the use of big data in the retail sector. However, online gambling operators are increasingly incorporating the power of big data technology to provide a better service for their players. This information is used to improve services and increase the likelihood of successful journeys.

Big Data 274
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here’s How Blockchain Can Change Bancassurance

Smart Data Collective

Whether it is identity authentication, increasing the speed of cross-border payments , supply chain optimization or transportation logistics, blockchain technology has been providing solutions to a variety of industries. IBM and CCB’s blockchain solution solves the issue of slow information exchange between banks and insurance companies.

article thumbnail

Leveraging AI and Workflow Automation in Manufacturing

Argon Digital

Business Processes Improved by AI The implementation of AI can transform various business processes in manufacturing, including: Production Planning : AI algorithms can optimize production schedules, taking into account factors such as machine availability, workforce capacity, and material availability.

article thumbnail

22 Sustainability Experts and Leaders Join the Judging Panel for the 2019 Sustainability Awards

Bintelligence

Judges also have the opportunity to share public and private feedback so that winners can maximize the third-party acknowledgement of their performance and all nominees can reflect on how they can improve their overall approach to the market. & Trespa International B.V. & & Trespa International B.V. &

article thumbnail

Advanced Data Analytics for the Smart Retailers

BizAcuity

Optimizing inventory planning and distribution is getting trickier by the day under current market conditions. Walmart along with IBM are experimenting with Blockchain, surveying pilot projects aimed towards the goal of 100% visibility of their supply chain. It does not end with a good WMS or ERPS platform in place.

Retail 147
article thumbnail

How Data Management and Big Data Analytics Speed Up Business Growth

BizAcuity

Be it supply chain resilience, staff management, trend identification, budget planning, risk and fraud management, big data increases efficiency by making data-driven predictions and forecasts. Product/Service innovation. According to IBM, on average it takes 228 days to identify a security breach and 80 days to contain it.

Big Data 130