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Privacy & Cookies Policy Go to Source The post Champions League review and the importance of analytics – Football Weekly Extra appeared first on Statii News. from http://news.statii.co.uk/champions-league-review-and-the-importance-of-analytics-football-weekly-extra/ In April 2014, a United Nations (UN) supported initiative in Myanmar led to the country’s first census in 30 years. The authorities used 160,000 pencils to capture 41 complex questions across its estimated 60 million population. When the results came in, the census suggested that the country’s population was 15% less than previously estimated. Was the data accurate? If not, where were the mistakes? Should their social programme change be based on the new information? Should they do another exercise? There were no easy answers to these questions. A grand initiative with immense social impact was made significantly less potent due to non-use of technology-led data collection and digital techniques. Yet, in another part of the world in the same year, Germany used cutting-edge big data techniques by mapping the strengths of its best football players with those of their competitors—thereby creating a powerful advantage which experts say was the team’s secret weapon in winning the Football World Cup in Brazil. How we capture, curate and leverage data today is becoming the crucial difference between winning and losing. The world will soon be divided between organizations that have and know how to utilize their data and those who do not. But, in stories like the above, what is important to a business leader is to identify the levers that would help your organizations put objectivity over sensationalism. In my experience, it would be good to have a mix of the five things listed below for the success of a data analytics programme. Mobilizing a great team Powerful data analytics teams require the three elements of method, meaning and madness. A combination of technology, data science and business skills (method) is necessary; one without the other is less useful. The data analytics programme canvas needs to be far-reaching while the goals need to be a series of short-term goals that are tangible (meaning). Finally, the secret sauce would be teams that are inquisitive, creative, agile and hungry. The data and analytics jungle is filled with roadblocks and dead ends. To discover true sights on a regular basis, a dash of madness is essential. Identifying the problem As they say, “If you have six hours to fell a tree, spend four hours in sharpening the saw.” Staying with the problem and looking at it from various frames to uncover opportunities that data can validate or discover is key. For instance, Amazon Prime has been a resounding success. It is perhaps the world’s largest loyalty programme with 80 million subscribers, who actually pay $99 to be a part of the programme, and it has no points system. If one were to use the frame of transaction costs, Prime would make no business sense: unlimited free delivery and unlimited free returns would increase transaction costs significantly and make it financially unviable. But if one takes the frame of customer lifetime value, it makes a lot of sense. Prime members spend nearly 80% more than non-Prime members in a given year. Also, if one takes the frame of reducing transaction friction to change behaviour and induce more online purchases, Prime makes amazing sense. The Prime programme has grown 38% over the previous year. Data and analytics would always close the gap, and provide options and alternatives, making scenario planning more effective. However, the problem needs to be looked at from multiple dimensions. Getting the right data While there is no doubt there is a huge explosion of data, the gap between collected data and useful data is huge. For many firms, the manner in which data has historically been collected is fraught with errors of omission and commission. Hence, the sins of the past have to be paid for: there is no alternative to getting the data corrected. But most organizations think that their data is better than it actually is. Any company that does not mark substantial resources towards the cleansing and enhancing of data will find its investment lagging on real results. To ensure that there are no inaccuracies in data obtained, it is important we check the data is correct and structured in a way that’s usable. Be meticulous with the data on hand, ensuring everything is factually correct before processing it. Looking for partners to collaborate A typical urban user spends 11 hours a day online. We are creating digital and data footprints at a humongous level. However, this footprint is spread across organizations, platforms, countries, languages, and other boundaries. Smart businesses are going to realize the value of sharing data across their value chain, to enhance the quality of their information and the value of their insights. For instance, by mashing up its data with that of a bank in the same region, a telecom company would create richer information from which to derive insights. Furthermore, the enterprise architecture and the systems need to be ready to inter-connect and leverage the buying and sharing of data sets. For Full Story, Please click here. Share this:The post Five things CEOs must know before investing in analytics appeared first on Statii News. from http://news.statii.co.uk/five-things-ceos-must-know-before-investing-in-analytics/ The lack of robust IoT security standards remains a significant issue as the number of devices continues to grow exponentially, according to a recent study from Trustlook—but consumer awareness of the threats remains low. A Trustlook study, based on responses to a September 2017 survey, revealed that more than one-third (35%) of IoT device owners do not change the default password on their devices, leaving them vulnerable to attacks. Also, 54% of do not use a third-party security tool to protect their devices from outside threats. This comes as the proliferation of IoT devices in 2017 continues, with 8.4 billion devices currently in use, and a total of 25 billion devices projected by 2020. The survey found that 41% of consumers own an IoT device, such as a smart refrigerator or fitness tracker. And, as the use of these devices continues to increase, so do the associated risks. By 2020, it is estimated that 25% of cyber-attacks will target IoT devices. And indeed, in the past year there already have been a few high-profile IoT attacks. In July 2017, hackers were able to gain root access to a vulnerable Amazon Echo and add commands that secretly capture the raw microphone input. And last fall’s Mirai botnet, which targeted IoT devices, shut down a large part of the Internet. Even so, in the survey, only 17% said that they know what Mirai is. For Full Story, Please click here. Share this:The post One-Fifth of IoT Device Owners Unaware of Mirai appeared first on Statii News. from http://news.statii.co.uk/one-fifth-of-iot-device-owners-unaware-of-mirai/ There is no doubt that the Internet of Things (IoT) has an impact on how future factories and supply chain logistics are operated and managed. However, a recent study shows that only 16 percent of respondents consume IoT data in enterprise resource planning (ERP) software. That means 84 percent of industrial companies face a disconnect between data from connected devices and strategic decision making and operations, limiting the digital transformation potential of IoT. The study posed questions about companies’ degree of IoT sophistication. The study also explores how well their enterprise resource planning (ERP),enterprise asset management (EAM) or field service management (FSM) software prepares them for digital transformation and to consume IoT data within enterprise software. Respondents were divided into groups including IoT Leaders and IoT Laggards, depending on how well their enterprise software prepared them to consume IoT data—as well as Digital Transformation Leaders and Digital Transformation Laggards depending on how well their enterprise software prepared them for digital transformation. The two Leaders groups overlapped, with 88 percent of Digital Transformation Leaders also qualifying as IoT Leaders, suggesting IoT is a technology that underpins the loose concept of digital transformation. Digital Transformation Leaders made more complete use of IoT data than Digital Transformation Laggards; Leaders are almost three times as likely to use IoT data for corporate business intelligence or to monitor performance against service level agreements. Digital Transformation Leaders were more likely than Digital Transformation Laggards to be able to access IoT data in applications used beyond the plant floor. They were more than four times as lilkely to have access to IoT data in enterprise asset management software, twice as likely than Digital Transformation Laggards to be able to access IoT data in high-value asset performance management software, and almost twice as likely to be able to be able to use IoT data in ERP. The data suggests a real need for more IoT-enabled enterprise applications designed to put data from networks of connected devices into the context of the business. In reviewing the findings, IFS Chief Technology Officer for North America, Rick Veague, commented, “Are your planning and maintenance systems robust enough to make real time decisions using IoT-sourced data? Many are facing the reality of having to answer ‘no.’ We have seen examples of companies coming to us because their incumbent software is not able to administer and use IoT data to achieve the gains they want to realize.” For Full Story, Please click here. Share this:The post Enterprises See Gap In IoT-ERP Integration: Study appeared first on Statii News. from http://news.statii.co.uk/enterprises-see-gap-in-iot-erp-integration-study/ FREMONT, Calif., Sept. 20, 2017 (GLOBE NEWSWIRE) — Identiv, Inc. (NASDAQ:INVE) today announced that the company has partnered with Chronicled, Inc. to launch a temperature logger solution which can be monitored in the cloud for the cold chain industry, the NFC Temperature Logger. Identiv and Chronicled will present live demos of the new solution at the 15th Annual Global Forum held September 25 – 29, 2017, in Chicago, Ill. The NFC Temperature Logger is a low-cost, disposable, portable smart sensor delivered as a label that tracks and stores temperature readings. In addition to its ultra-thin adhesive form factor, it can be read by common Android phones, as well as any other device with near field communication (NFC) reading capability. The NFC Temperature Logger delivers end-to-end data security. “Identiv and Chronicled first partnered in 2015 to utilize NFC identity inlays for authentication in fine art, sneakers, and luxury goods,” said Stephane Ardiley, Identiv Director of Product Management. “After the launch of our uTrust Sense Temperature Tracker, we were excited to team up with Chronicled again to take the solution even further, bringing the cold chain industry the most complete, software-driven temperature logging solution to date.” Based on Identiv’s award-winning uTrust Sense Temperature Tracker datalogger solution, the NFC Temperature Logger monitors and tracks temperature-sensitive products for cold chain applications, smart packaging, government use cases, medical products and pharmaceutical logistics, and other fragile goods. The precise temperature accuracy of the tag makes it ideal for use with perishable goods, including fresh fish, caviar, wine, blood, human organs, vaccines, flowers, and more, protecting product and brand integrity and profits, while significantly minimizing costs for the shipper, receiver, and customer. The data can be read locally by a mobile device or uploaded to the cloud for analytics and reporting. “Our collaboration with Identiv brings more extensive programmability, easier integration with enterprise resource planning (ERP) systems, and datalogging into the last mile,” said Ryan Orr, Chronicled CEO. “We are also exploring ‘smart alerts’ that can help guide remedial actions within the supply chain, in addition to integration with Drug Supply Chain Security Act (DSCSA) workflows. We’re leveraging a software-driven approach to create a truly integrated, smart platform.” The NFC Temperature Logger features the cloud-based, mobile Chronicled App, a utility tool that brings the power of smart-monitoring to supply chain, cold chain, and logistics professionals. Its software dashboard features include data modeling, datalogger registration and verification of object and device identities, and temperature tracking and validation. To learn more about Identiv and Chronicled’s NFC Temperature Logger, visit the Chronicled booth at the 15th Annual Global Forum held September 25 – 29 in Chicago, Ill. or register today for the Innovative Smart Sensor for Cold Chain and Pharmaceutical Applications Webinar on October 10, 2017. The post Identiv and Chronicled Partner to Present NFC-Enabled Temperature Logger Solution at 15th Annual Global Forum appeared first on Statii News. from http://news.statii.co.uk/identiv-and-chronicled-partner-to-present-nfc-enabled-temperature-logger-solution-at-15th-annual-global-forum/ Philadelphia, PA, Sept. 06, 2017 (GLOBE NEWSWIRE) — Deacom, Inc., the developer of a single-system Enterprise Resource Planning (ERP) solution, today announced that Riverbend Foods, a contract and private label manufacturer of soup and baby food, is implementing DEACOM ERP to lay the foundation for rapid growth. Insight Equity, a leading middle-market private equity firm, recently formed the manufacturing company after its acquisition of TreeHouse Foods’ soup and infant feeding business. “We believe there are great opportunities to grow the business through existing categories as well as further acquisitions into similar areas,” said Tom Lavan, CEO of Riverbend Foods. “Therefore, it is critical that the right business management software is put in place to do so effectively which is why we selected DEACOM ERP. Since the solution is designed specifically for manufacturers like ours, we are confident in its ability to help us manage the unique challenges of our contract and private label manufacturing business.” According to Riverbend Foods, a number of manual processes currently in place is not able to provide the team with optimal inventory control and operational visibility. Deacom’s single-system solution will introduce more automated practices without third party modules and customizations. The centralized ERP environment and Deacom’s guaranteed fixed-price implementation will ensure the company stays within budget throughout the project. With strong process controls in place, Riverbend Foods will be able to strategically identify significant expansion opportunities based on a cohesive set of data. Access to historical and real-time data from one software interface will provide the business with valuable insight into trends, performance, and forecasts. “With DEACOM ERP, we are able to create a strong foundation for operational growth, while still maintaining our commitment to delivering superior quality and excellent customer service,” continued Lavan. The post DEACOM ERP to Deliver Process Control for Riverbend Foods appeared first on Statii News. from http://news.statii.co.uk/deacom-erp-to-deliver-process-control-for-riverbend-foods/
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Privacy & Cookies Policy Go to Source The post Salesforce vs. Dynamics 365: What to look for when choosing sides appeared first on Statii News. from http://news.statii.co.uk/salesforce-vs-dynamics-365-what-to-look-for-when-choosing-sides/
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Privacy & Cookies Policy Go to Source The post Big data case study: How UPS is using analytics to improve performance appeared first on Statii News. from http://news.statii.co.uk/big-data-case-study-how-ups-is-using-analytics-to-improve-performance/ The fastest spending growth in Internet of Things is expected to come from insurance, consumer and cross-industry initiatives like smart buildings The Internet of Things (IoT) is changing the playing field for organizations in every sector—helping them “increase operational efficiency and grow their businesses”, according to a report, State of the Market: Internet of Things 2017, by Verizon Communications Inc. In 2017, the most investments in the IoT space are being made by manufacturing ($183 billion), transportation ($85 billion) and utilities ($66 billion) sectors, it said. But the fastest spending growth is expected to come from insurance, consumer and cross-industry initiatives like smart buildings. The report stated that, while earlier, organizations focused on simple use cases to track data and send status alerts, IoT has now become “enterprise-grade”. IoT platforms, including new low-power networks, are providing organizations with a single environment for developing and managing applications and paring costs. “This year, simplified end-to-end solutions, low cost IoT technologies and connectivity solutions, and new regulatory requirements around food safety, pharmaceuticals, energy and the operation of commercial drones, are driving IoT deployments,” the report said. It cited the example of how pharmaceuticals manufacturers and distributors are working with logistics and transportation providers to leverage IoT solutions to track and trace medicines from production to patient, in a bid to comply with the US Drug Supply Chain Security Act (DSCSA). The report pointed out that while innovations in IoT are advancing rapidly, the costs of deploying the technology are coming down. However, some challenges in IoT remain as daunting as ever. According to the report, security concerns remain “the number one barrier to large-scale IoT deployments” in the enterprise. The report quoted Gil Press, a technology consultant, as saying, “The lack of standards and security risks will continue to slow down the adoption of IoT for years to come. But the sudden emergence of a ‘killer app,’ possibly in the enterprise rather than in the consumer market, could accelerate IoT adoption regardless of any security and interoperability concerns.” Two other big demands from enterprises looking to deploy IoT solutions, the report said, are scalability, or the ability to quickly roll out a project across the enterprise beyond pilot stage, and simplicity, to reduce management complexity. “For now, the bulk of new IoT analytics applications and services are concentrated in the B2B market. In addition to predictive maintenance, popular use cases are inventory management, fleet and asset management, and remote patient monitoring,” the report highlighted. The report identified drones as a bright spot in the IoT ecosystem, noting that “analysts expect enterprise and commercial use cases to expand exponentially” in the next few years. Read the full article here… Share this:The post Internet of Things to grow despite security concerns appeared first on Statii News. from http://news.statii.co.uk/internet-of-things-to-grow-despite-security-concerns/ |
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