Tag Archive: RFID

AI, Robots, IoT, Blockchain, Hike!

July 16th, 2018

AI (artificial intelligence), Robots, IoT (internet of things), Blockchain, hike! Doesn’t it sound like a foreign language?  It certainly does to my mother! Yet it is the language of the future.

business intelligence

Which of these technologies should we pay attention to?  Let’s look at some of the more popular ones:

  1.  AIDepending on your industry, AI will most certainly impact it.  Service industries such as accounting are definitely impacted. After all, if a program like Alexa can learn how to put together your taxes, it is bound to disrupt.  Machine learning and artificial intelligence can be powerful – preventative maintenance can be completely redefined in a proactive, predictive way.
  2. Robots – Isn’t everyone talking about robots?  Of course, this is partially because they are fun to talk about.  Is a robot good in all situations? NO! We’ve seen many manufacturers and distributors try robots and end up slowing the process down because they didn’t think about the full impacts.
  3.  IoT  We don’t even think about all the devices that are connected in our everyday lives.  Smoke alarms, security systems, phones, refrigerators, Amazon Alexa, our car, traffic signals, manufacturing machines, RFID tags and much more.  Connecting devices because we can yet for no valuable use just adds to the mountain of data to analyze. Instead, we should think about the strategic use of IoT for our business.
  4.  Blockchain Talk about another buzzword!  Isn’t a phone call, an email, EDI, lot traceability in ERP or a customer portal sufficient?  Many times – yes. Again, the value of blockchain should be evaluated before jumping on board with the latest and greatest trend; however, there will be uses.  When instantly visible, irrefutable and non-changeable (think avoidance of high potential fraud), traceable transactions are required, it might be just the medicine.
  5.  Autonomous vehiclesForklifts, cars, trucks, and more.  Again, let’s think ‘fit’ to our business.  In trucking, it is likely to make all sorts of sense.  Rates continue to rise. There is a shortage of drivers. Baby boomers are retiring. Environmental rules continue to increase. It does seem to fill a potential gap.

The underlying bottom line when it comes to technology remains – let’s not use technology for technology’s sake!
Instead, think smart. How does it fit with your business requirements? Will it provide a superior customer experience?  Purse those with a strong return on investment, ignore the rest and success will follow while your competition chases ‘shiny objects’.



Data, Data, Data

May 17th, 2016
how do connect data

Many manufacturers and distributors focus on collecting data rather than using it to analyze performance and achieve business results.

“Data, data, data” seems to be the hot topic for manufacturers and distributors, similarly to “location, location, location” in real estate success. What is going on?

As technologies have come a long way from the “old” days, we have massive amounts of data I heard this statistic last week – 1 gigabyte cost $1 million in 1980 whereas it costs 1 cent today. Clearly, it’s affordable and accessible. Now what do we do with it?

Here are some options my best clients have been researching:

  1. Dashboards: Get the “right” ERP system for your needs and display key metrics on a dashboard. We want to be able to slice and dice information to rapidly get to what we want when we want it — in a nice, visually pleasing format.
  2. Demand data is gold: Undoubtedly, my best clients use demand data from their supply chain to outperform their competitors — and sometimes to collaborate with competitors for win-win outcomes. A forecast is better than guesswork but actual consumption information from your customer trumps all.
  3. Big data: There is more hype over this than anything else; however, since there is a ton of it available these days, those executives who figure out how to make good use of this information will succeed.
  4. Connections with data: The internet of things is spurring new uses of information. How do we connect data from our fit monitors, alarm systems, appliances, etc. in a meaningful and useful way?
  5. RFID & Barcoding: Although these can be considered “old school”, they are also solid tools that can provide tangible benefits in the right situation.

Don’t just collect data to collect data. It might be similar to being a hoarder. Although it can be stored on tiny devices, the key is not to collect it but to USE it to achieve business results. If you’d like to talk further about how to do that for your company, contact us.

Did you like this article? Continue reading on how to become a Systems Pragmatist:

The Power of Databases 

The Value of CRM