Knowledge Solution

  According to Arvind Krishna, Chairman & CEO of IBM, we are currently witnessing an accelerated digital transformation in every industry, as companies strive to build robust digital foundations that will revolutionize their business operations. This transformation, which was initially expected to take 5 to 10 years before 2020, is now projected to occur within the next two to three years. One of the most significant and exhilarating changes that clients are experiencing is the adoption of new business models driven by digital technologies. Whether it's utilizing AI-powered assistants to handle the surge of inquiries in call centers, the rapid growth of telemedicine, or leveraging the hybrid cloud to create personalized and secure experiences, digital technologies are reshaping various sectors, including digital banking. The two major upcoming shifts in the technology landscape are Hybrid cloud and AI. Businesses today are keenly focused on achieving speed to market, flexibil...

To implement an Autonomous Mobile Robot (AMR) project successfully, follow these steps: Start with a Lighthouse Project: Begin by launching a test pilot initiative, known as a lighthouse project, to validate the investment assumptions and demonstrate the feasibility of the AMR concept. This approach helps establish the benefits of automating tasks using AMRs. Understand AMR Capabilities: Familiarize yourself with the capabilities and advantages of deploying AMRs. Identify tasks that can be performed more efficiently with the help of AMRs and define key performance metrics (KPIs) that must be met. Prioritize and shortlist jobs with a clear business case for implementation. Prepare a Preliminary Project Report: Create a comprehensive preliminary project report outlining the business objectives, a broad plan with timelines, and cost estimates. Ensure the availability of necessary financial resources and skilled human resources for the successful implementation of the AMR project. Adopt...

  The adoption of IoT and advanced technologies has been rapidly increasing, particularly in the post-pandemic era, and it has become a crucial component of strategic decision-making in almost every organization. In this context, a report highlights the insights shared by Mr. Sivaram Pothukuchi, an Evangelist for Industry 4.0 & Digital Transformation. The term "Internet of Things" (IoT) has been in existence since the 1960s, but its significance started to be fully understood by technology experts only from 2008 onwards. IoT refers to a network of interconnected objects facilitated by sensors, software, and other technologies to exchange data among connected devices. In industrial settings, businesses have embraced machine-to-machine communication to enhance efficiency, productivity, and speed, while also reducing costs and time. The year 2020 witnessed a major shift in the realm of IoT, catalyzed by an unforeseen global pandemic that reshaped business operations. Mr. Si...

  Making decisions based on the right data and experimentation increases the likelihood of choosing the correct option and achieving success. With the advent of AI, this process has become more efficient and accessible. However, creativity and intuition should not be disregarded in the decision-making process, even in the era of AI's prominence. Incorporating creativity into AI is a thought-provoking question that was discussed by the Quadrant team comprising Apoorva Dawalbhakta, Associate Research Director, Sr. Content Specialist Shinjini Sarkar, and AI monetization expert Somil Gupta, who is also the Founder & CEO of Algorithmic Scale and AI Influencer of the year. During the conversation, Shinjini Sarkar, the moderator, highlighted the recent buzz around "AI as a service" and its various monetization strategies, both direct (e.g., Einstein and Watson) and indirect (e.g., Netflix and Amazon). Somil Gupta elaborated that AI monetization goes beyond providing AI mode...

  It’s a known fact that most initiatives in modern businesses increasingly depend on data and technology to bring more innovative products and services to the market. It leads to improved customer experiences as well. However, creating an operational data strategy in real time for achieving business goals and getting the desired outcomes is a big question faced by every organization. In light of this, Shekhar Jitkar (Senior Director at Quadrant Knowledge Solutions) had a stimulating conversation with Sameer Sharma (Founder & CEO, Datazuum), about operationalizing data strategies for delivering business results. Sameer has been a keynote speaker at various events. He also runs a podcast called  Data Strategy Show  which has been listed among the top 10 podcasts of 2022. What are the top priorities while operationalizing the Data Strategy? Shekhar started the conversation by asking what the most important priority for businesses is while attempting to operationalize d...

  When procurement contracts or purchase orders are finalized, both purchasers and suppliers commit to mutually binding obligations. Suppliers agree to deliver goods or services that meet specified requirements within agreed-upon timeframes, while purchasers agree to make timely payments upon receipt of goods or services and invoices, following the agreed payment terms. By fulfilling their respective commitments, both parties aim to foster a mutually beneficial relationship. One way companies build positive relationships with suppliers is by ensuring timely payments. Improving the accounts payable process plays a crucial role in achieving this goal. Accounts payable (AP) refers to the money a company owes its vendors or suppliers for credit-based goods or services. The accounts payable process involves receiving purchase orders or procurement contracts from the purchase department, receiving supplier invoices and delivery receipts, matching them with purchase orders for contractua...

The need to integrate different technologies in the PLM landscape has fabricated an interconnected digitalized system that offers data interoperability and openness. Product Lifecycle Management (PLM) is a process that governs different stages of a product’s lifecycle, right from concept to retirement. The PLM involves various stages, starting with the conceptualization stage, where innovative concepts are designed based on user requirements. The second stage is product and process designing, where a detailed design is created based on the required functionality, service, and forthcoming problems that might occur in the system. The third stage is known as prototyping, where the actual model is either developed or simulated to validate results. Fourth is the production stage, where a market-ready product version is presented to be commercialized based on feedback from the previous stage. Fifth is the service and maintenance stage, where continuous maintenance and assistance are provide...

  On 23rd February, 2023, Informatica hosted an industry analyst event to present the company’s performance from the previous year and its vision for this year. The event was briefed by Informatica’s CEO Amit Walia, CMO Michael Mclaughlin, and CPO Jitesh Ghai. The highlight of the event was the company’s announcement of its sole focus on offering the cloud-native, cloud-first Intelligent Data Management Cloud (IDMC) product. The stakeholders also introduced the company’s new tagline “Where the data comes to life,” reflecting the company’s vision to fuel the data with automation and intelligence for users to drive effective business. Cloud-first Strategy Realizing its vision to become a cloud-only company, Informatica announced that it has successfully transitioned all its products to cloud. Hence, as a cloud-first, cloud-native platform, from 2023, IDMC will offer a complete set of data management capabilities under one platform. Amit Walia, CEO of Informatica, explained that the ...