Machine learning (ML) and Artificial intelligence (AI) are potentially game changing technologies that are transforming the industrial sector. Developing a Smart Factory is an opportunity to be competitive, to optimize timelines and make product design and production more efficient. Quality, worker safety, and sustainability are the fundamental pieces where these technologies can participate in the redesign towards high productivity, much safer, and more sustainable manufacturing. Manufacturing companies are responsible for ensuring their products meet the highest standards of quality, safety and sustainability. Finding new applications to increase their competitiveness and finding a way to remain safe in an ever-changing industry. This program develops leadership skills, enabling students to face challenges with confidence and find creative solutions. Modern supply chains are increasingly relying on data sources for operations to become more sustainable and profitable. However, this doesn't have to be just another tick box exercise. The role of data is to help all stakeholders—including consumers and companies alike—benefit from increased efficiency and performance. Thus, it is essential to integrate the data-driven approach into the strategies, planning and implementation phases of supply chain management. Here are some of the benefits of a data-driven process revolution:\
Read more ...AI is fundamentally reshaping how companies and consumers interact. Over the last two decades, we’ve seen unprecedented advances in machine learning and advanced algorithms that allow machines to learn by themselves. AI is everywhere — from self-driving cars and smartphones that teach themselves to find your phone or money, to online apps that can recommend restaurants and hotels based on their past experiences.
Read more ...Artificial Intelligence (AI) devices are undoubtedly the talk of the tech world. With their ability to adapt and learn, we’ve been able to create more human-like machines than ever before. But the question remains: will AI devices become our best friends?
Read more ...A large part of the job of a business manager is to oversee their company's day-to-day operations, including planning and implementing new strategies. This role needs to be able to establish clear goals, develop plans and keep them on track. It's also important that the person in this position can lead by example, ensuring that all staff are aware of what is expected from them. A degree in Business Administration or Finance will help boost a business manager's credentials, but it's also helpful if you have experience gained from holding senior roles in another industry or working for an established consultancy as a management consultant.
Read more ...An e-auction is an online marketplace where the sellers and buyers are not present physically in the same place, but interact remotely through a website
Read more ...Understanding the consumer buying decision process means that businesses understand the stages customers go through to be able to come to a final decision whether to buy a product or not. This means that businesses should focus on creating products and services that meet the specific needs of each stage of the buying process, as any one stage can affect how likely a customer will remain/return as a customer. Customer Psychology is the study of how people make decisions, the reasons they buy and why they buy what they do. By understanding the psychology behind your customer, you can help your business develop more effective sales strategies and marketing campaigns, as well as build a deeper understanding of their journey within your business.
Read more ...Artificial intelligence is rapidly evolving. What started out as a field of science fiction is now becoming a reality. As AI technology continues to develop, some people are beginning to worry that it could one day take over humanity. But whether you agree or disagree with the prospect of AI taking over the world, there's no denying that it's quickly becoming an important part of our everyday lives.
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