B2B digital marketplaces are reshaping industrial markets and supply chains. Experts say the disruption of traditional business models offers companies across the supply chain an opportunity to expand and create innovative new customer experiences.
Blockchain provides traceability, transparency and automation for digital marketplaces; it is an an ideal framework to create trust for trade between parties that don't know each other and eliminate the friction in traditional trade processes.
B2B industry marketplaces are disrupting conventional sales and distribution models. Thriving in this environment requires shifting to digitalized self-service channels, while also using these platforms to deepen customer engagement and generate higher revenue in more complex sales situations.
A new generation of online B2B markerplaces is bringing suppliers and buyers into an open and direct ecosystem that eliminates the middle man and removes the geographical, scale and process barriers to trading.
B2B digital marketplaces are reshaping industrial markets and supply chains. Experts say the disruption of traditional business models offers companies across the supply chain an opportunity to expand and create innovative new customer experiences.
Businesses are innovating to deliver exciting, more convenient and personalized customer experiences. Discover how those doing it best are capturing the expectations of customers and in turn keeping their attention.
Blockchain, the technology behind cryptocurrencies, is beginning to streamline the paperwork-burdened supply chain. By digitally tracking every transaction in a form that, in theory, cannot be forged or altered, blockchain could eliminate the supply chain’s need for every financial trust system ever established.
Incompatible IT infrastructures, language barriers, different methodologies – these are just some of the many factors that make it challenging to transfer product and process knowledge from development to manufacturing.
Manufacturers are introducing more electric and hybrid vehicles and utilities are storing excess solar and wind power, creating high demand for lithium ion batteries far beyond consumer electronics. As a result, researchers are racing to improve the technology for new uses.
Antoine Picon is a French engineer, architect and historian who has published 20 books about urban planning and architecture, taught at the École Nationale des Ponts et Chaussées and the Harvard Graduate School of Design, and been honored as one of the 2014 Mellon Senior Fellows of the Canadian Centre for Architecture (CCA).
Modern technologies, including artificial intelligence, machine learning and data analytics, make it easier to create the personalized experiences, products, services and communications that consumers desire.
Technological, demographic and socio-economic changes are transforming industry and creating a continual demand for new skills from tomorrow’s workforce. Educators, businesses and governments are creating programs and credentials designed to answer those needs.
Decades after Augustine's Laws first documented common process and production schedule struggles in aerospace and other industries, digitalization, 3D printing, simulation and generative design are beginning to make an impact.
When electric motors were used in factories, plant managers could control temperature, dust, moisture and vibration. Discover how top automotive engineers design electric motors for transportation, where all of these factors vary.
Increasingly, as city populations continue to swell, urban developers have only one option to accommodate them: build vertically. Compass spoke with Antony Wood, executive director, Council on Tall Buildings and Urban Habitat, about skyscrapers, sustainability and livability.
Wellness, comfort, convenience and safety are perennial concerns that touch every aspect of consumers’ lifestyles. Increasingly, leading brands and retailers are putting these interests at the center of their innovation strategies.
With the surge in e-commerce, consumer packaged goods companies are shipping more direct to consumers – and that means packaging must be designed to prevent damage and facilitate easy returns. Simulation technologies are helping CPG companies deliver better customer experiences.
Industry and environment can co-exist, as eco-industrial parks have been demonstrating for more than 50 years. Recently, emerging economies, heightened environmental awareness and advanced digital technologies have created a surge in the development of industrial operations that seek balance with the world around them.
PowerPoint presentations, Excel spreadsheets and even email are considered increasingly outdated forms of technology in our everyday lives, yet they still play a significant role in product development in the asset management industry. But with competition increasing, profit margins tightening and regulations skyrocketing, the asset management industry is turning to product lifecycle management solutions.
Data proliferation is straining organizations’ ability to gather, store and access information and insights in a sustainable way. But nature itself is inspiring researchers to find novel solutions for reducing the energy that data centers demand, as well as managing the heat they generate.
Increasingly, industrial equipment customers are demanding products customized to their specific needs – and they want them just as fast as off-the-shelf products. Industrial equipment firms are meeting these high expectations by embracing digital technologies.
Technology gives patients and physicians earlier insights and innovative treatment options for personalized health care. Five key technologies are: 3D modeling, 3D printing, artificial intelligence (AI), combination therapy and innovation platforms.
One of the world’s first fully automated electric container ships, the Yara Birkeland, is set to take to the water in late 2018 and is expected to be entirely self-guided by 2020. Similar vessels are in development, signaling the rise of a new generation of ships that rely on intelligent software to safely navigate the seas.
The upstream oil and gas industry is pushing to apply digital technologies to exploration and production practices, yielding better business returns by optimizing processes and increasing efficiency. From replicating a complicated well design to refining a well control system to sharply decreasing the risk of a blowout, the ‘digital twin’ is one more concept advancing the industry’s digital transformation.
In the 21st century, industry is no longer a means of production, but a process of value creation.
A dreamer no longer needs physical hardware and software to design and engineer their vision. A maker no longer needs a physical laboratory to produce their goods. With minimal investment, from a computer or tablet, a modern-day da Vinci can not only design and engineer a flying machine on the cloud, but make it too, sending the model to a 3D printer anywhere in the world with a single click.
