Ultimately, the future vision for mining is an autonomous fixed plant to minimize process variability, maximize productivity, reduce human intervention, reduce cost and improve safety.
We talked to Jordan Reynolds, Global Director of Data Science, about how traditionally non-"tech" companies can leverage AI to solve business problems.
Whether you’ve embraced digital transformation or are still trying to figure how to translate proof experiments into real value, here are four core concepts that companies must understand about how to drive business value, build resiliency, and scale into the future.
A legacy of siloed functions in pharma and biotech organizations inhibits innovators from developing and commercializing therapies with speed and efficiency. Manufacturing organizations rarely have access to key insights and information from research and development (R&D), quality, supply chain, sourcing, procurement, and logistics functions and systems. This is particularly true for product and process data stored across enterprise applications. R&D professionals may use Digital Knowledge Management (DKM) systems to manage product and process data, including formulation and packaging information, but often this information is not easily accessible to the manufacturing organization that has to make daily production decisions based on available supply and capacity. Demand forecasting, sales and operations (S&OP) and supply planning functions may use purpose-built solutions and enterprise resource planning (ERP) systems to align demand, supply, capacity, sourcing events and purchase orders, but when they run into supply constraints or demand fluctuation, manufacturing cannot react quickly, preventing them from making proactive decisions on how to best meet production demand.
Manufacturers are facing a knowledge crisis. Baby boomer talent is retiring - and walking out the door with them are decades of knowledge crucial to company operations. Capturing knowledge that took years to develop and refine is difficult, time consuming and inefficient – but it does not need to be. Modern software and digital technologies can overcome many of the difficulties with traditional ways of capturing knowledge, easily preserving it for the future.
Enterprises around the world have been generating data at enormous rates, but they rarely use it to its fullest potential. Analytics for multi-million dollar business insights, successful artificial intelligence projects and compliance to high-risk federal regulations all hang from a common thread: high-quality data.
In March 2020, the Pharmaceuticals industry faced one of its most public-facing and time-pressing challenges to date: develop, manufacture, and distribute a vaccine for COVID-19 globally as quickly and safely as possible. While sheer human perseverance played a pivotal role in driving the notable speed to market for the vaccine, this approach is not sustainable nor practical for commercial drug products. Digital methods and tools should be leveraged to achieve similar results in a sustainable, efficient, and profitable way. Pharmaceutical manufacturers now face the need to confront these challenges head-on and embrace connectivity across the value chain, starting with laying the digital foundation for innovation in the form of Digital Knowledge Management and Pharma 4.0.
This year’s Field Service Medical conference reflected our new normal and the challenges organizations continue to face while navigating the circumstances surrounding the COVID-19 pandemic. In a virtual setting, over 200 field service, customer success, IT and product management professionals from life sciences companies across the world gathered to share learnings and experiences. The discussions, both in conference sessions and during networking, focused on the impact of the pandemic and the path forward.
Organizational Change Management (OCM) is one of the most important – yet often overlooked – aspects of any digital transformation initiative. Here's how to put OCM at the heart of the change to make sure the organization is prepared and properly brought along on each step of the journey.
Out of sheer necessity, many apparel and footwear brands have transformed over the last year. Now is the time to build on this momentum to grow and scale that transformation – and not slip back to old ways of working.