Worldwide spending on cybersecurity is predicted to top $1tr for the five-year period from 2017 to 2021, according to the Cybersecurity Market Report, published by Cybersecurity Ventures.
By using Internet of Things (IoT) data to predict machine failures, companies can reduce costly inventory stock while improving their ability to meet service levels, according to a joint research project of the Massachusetts Institute of Technology and managed services provider OnProcess Technology.
You probably don't think of Henry Schein as a technology company. In fact, you probably don't think of Henry Schein at all. At No. 268 on the Fortune 500, it is one of the least known names on the list, in the most mundane of businesses - wholesaling supplies to dentists. But Henry Schein has managed to place itself at the center of a technological revolution. It has turned its dull-as-mouthwash catalogue business into the leading platform for digital dentistry, and increasingly for other medical practices.
The advent of continuous data collection and analysis has the potential to change the face of the chemical industry, and will create the need for platforms allowing companies to analyse a material throughout its value chain, consultants at PricewaterhouseCoopers (PwC) said.
One in six Americans get food-borne diseases each year with 3,000 of those cases resulting in death. Food and beverage retailers are strategizing to avoid such risks for consumers while keeping their profit margins intact. A report from IDC urges them to invest in tracking and other technologies.
If you think about it, the supply chain's action is outside the office. It is in a factory making things, a warehouse packing and shipping things, in a store where customers are shopping, or in a conveyance on the move.
The digital economy is putting pressure on traditional supply chain models to conform to the "now" generation. To avoid disruption, companies must give customers what they want, when they want it and how they want it.
According to the EY 2016 Global Forensic Data Analytics Survey, 77 percent of respondents use forensic data analytics to combat internal fraud, which includes travel and entertainment abuse, collusions, and other fraud committed by an insider.
As they witness the proliferation of sensors, software, computing power and connectivity embedded in everything from motor vehicles to home appliances, equipment manufacturers of all kinds are asking an existential question: is it time to stop thinking of themselves primarily as hardware and systems companies and instead to view themselves as providers of software solutions and services?