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- The Data Awakening: How Untapped Insights Are Disrupting Industrial Norms
The data awakening - how to turn every byte of data into a strategic asset Data presents businesses with one of the biggest opportunities for growth, innovation, reinvention, and scale. The world generates over 2.5 quintillion bytes of data daily, yet this goldmine of opportunity is too often trapped in silos, hiding untapped value, unseen insights, and unexplored AI potential. Despite the opportunities presented by data and AI, too many industries still grapple with outdated data practices. Companies that do this are leaving significant value on the table. One of the biggest issues that industry faces in this regard is fragmented data systems. Data that is siloed across disparate platforms and departments hinders the accessibility of that data. It also creates inefficiencies when it comes to managing and analyzing data. Industry is leaving value on the table But for leaders in industry, making sense of the sheer volume of data can be overwhelming. “While 74% of firms say they want to be data-driven, only 29% are actually good at connecting analytics to action,” researchers at Forrester say. This gap points to a disconnect – most asset intensive businesses are not able to liberate the potential in all that information because they can’t transform data into actionable insights. “Most industrial organizations are data-rich but insight-poor. They've invested millions in sensors and monitoring systems but struggle to convert this raw information into actionable intelligence that drives material business outcomes,” says Keith Kirkpatrick, Principal Analyst at Forrester Research. Industry experts call this the “industrial data paradox,” because industry is simultaneously collecting more data than ever before but is extracting less proportional value. Businesses are losing almost a third of their annual revenue The financial implications of this are worrying; the failure to effectively collect, manage and process data comes at great cost. “Companies that fail to leverage data effectively risk losing 20-30% of their annual revenue,” a report by McKinsey reveals. These losses manifest in different ways: Operational inefficiencies: Decision-makers are unable to identify and address inefficiencies without a unified view of operations. Increased downtime, higher maintenance costs, and reduced productivity are the consequence. Missed opportunities: It is difficult, if not impossible, to identify new opportunities for growth and innovation when data is fragmented. A good example of this is predictive maintenance insights. When data is accessible and actionable, businesses can produce predictive maintenance insights that reduce downtime and extend the lifespan of machinery. Regulatory risks: In the pharmaceutical and energy industries, which have strict regulatory requirements, the inability to effectively manage data can lead to compliance issues and potential fines. Data has long been a silent partner in business because it is often underutilized and misunderstood. But a new era is dawning – one where data is not just a byproduct of operations, but a transformative force that will disrupt inefficiencies to power unparalleled optimization. At Radix, we call this shift ‘The Data Awakening.’ Why? Because we believe that every byte of data holds the potential to revolutionize how industries operate, innovate, and compete. The Data Awakening has arrived The awakening speaks to a time in industrial operations where every byte of data drives strategic decisions. To realize this vision, industry needs to embrace technological advancement. Equally important, to enable The Data Awakening, companies must make a cultural shift to making data-driven decision-making the norm. This is possible with a partner like Radix at your side. Radix is already driving this transformation for industries around the world, guiding businesses towards a future where data is not just collected but harnessed for operational excellence. We do this to ensure the businesses we partner with are more profitable, sustainable and competitive in a volatile and unpredictable world. The key to unlocking the full potential of data lies in real-time, contextual insights. Unlike traditional data analysis, which often involves retrospective reviews, real-time insights enable proactive decision-making. In industry, think of real-time machine monitoring that alerts operators to potential issues before they escalate, to reduce downtime and maintenance costs. Contextualization is just as important. Let’s face it: data without context is noise. By interpreting data in the context of specific business goals and challenges, decision-makers within industry can take informed actions that drive better outcomes. Insights that drive growth in uncertain times The Data Awakening is the shift that visionary industrial leaders are taking today, to create value in an ambiguous, uncertain and volatile world. By embracing real-time insights and actionable intelligence, decision-makers in companies can disrupt long-held inefficiencies and unlock new paths to innovation and growth. To realize the true potential of data, companies in asset-intensive sectors like oil and gas, energy, manufacturing, and the infrastructure and services sector, must achieve two critical goals: Unlock Data for Real-Time Insights: Enable operators, engineers, and data scientists to work with a unified understanding of the production landscape. Simplify Operations: Use innovative technologies and strategies to enhance efficiency throughout the production lifecycle. At Radix, we are committed to awaken to the full potential that data brings for our partners and clients in industry. By breaking down data silos and providing real-time, contextual insights, Radix empowers enterprises to turn every byte of data into a strategic asset. More so, it enables the asset-intensive companies we work with to accelerate, optimize and scale like never before. Do you want to stay connected with Radix? Subscribe with us today.
- Radix to showcase benefits of intelligent emission inventory at OTC Houston 2024
" HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Radix, a global technology solutions company, announced its participation in the Offshore Technology Conference 2024, taking place at NRG Stadium in Houston, Texas from May 6 to May 9, 2024. For yet another year since its founding in 2010, Radix will contribute to the most significant topics impacting the future of offshore energy." - Yahoo Finance To read more - please use the following link:
- Radix Engineering Expands US Operations, Appoints Alexander Clausbruch North America CEO
Radix Helps Customers Profit from Digital Transformation Journeys with Data-Driven, Intelligent Engineering Solutions Alex Clausbruch, Raidx US CEO Radix, a leading global engineering and technology company, is pleased to announce the appointment of US CEO Alexander Clausbruch to lead operational expansion and business opportunities in North America. Alex will lead the team from its US headquarters in Houston, TX. Alex brings over 20 years of management and chemical engineering experience to his new position within Radix. He began his career managing global clients such as ExxonMobil, Saudi Aramco, Vale, and Petrobras. For the past seven years, he has led the Energy Business Unit for Radix, helping companies scale with optimal performance and increase profitability. He holds a B.S. Degree in Chemical Engineering from the Federal University of Rio de Janeiro. Radix US revenue growth in 2023 is 60% above 2022. With over 1,500 employees worldwide, Radix continues to establish and build long-term relationships by delivering best-in-class solutions with data-intelligent services built on four pillars: Engineering, Industrial Automation, Software and Information Technology, and Consultancy. Commented Global CEO, João Chachamovitz: “As Radix continues to grow its customer base, I am confident that Alex and our teams will pioneer the expansion in the US markets, providing strong leadership and integration of operational processes between Brazil and North America and opportunities that expand into global markets.” Translating Technology into Business Profitability and Optimal Performance for Customers Commented Alex Clausbruch: “Our proven methodology and foundation are built with extensive engineering intelligence and capabilities that are paving the way for our customers to outperform in the age of AI and digital transformation.” Radix delivers a highly diverse portfolio of technology solutions to support an entire asset lifecycle, ensuring security, efficiency, and achieving ESG/Sustainability goals while expanding operating margins. Radix serves several industries, including but not limited to Energy, Power, Oil and Gas, Pulp and Paper, Metals and Mining, Chemicals, Food and Beverage, and Transportation. Some of Radix’s client portfolio success includes Cascades, Modec, Braskem, Ocyan, Solvay, Petrobras, and many other global leaders. Commented Radix customer Louis Rompré, AI Director at Cascades: “Radix is a committed partner who understands our industry. They can speak the same language as our process experts. Their technology solutions and expertise in digital transformation continue to help increase engagements and optimize for operational excellence.”
- Deep dive: How Radix is delivering results for north America customers
In this exclusive video interview with Intelligent CIO , Alexander Clausbruch, CEO of Radix North America, dives into how Radix is helping industrial clients navigate digital transformation with clarity and purpose. Drawing on real-world experience across manufacturing, energy, and infrastructure sectors, Clausbruch shares how Radix combines deep technical expertise with a practical, on-the-ground approach to deliver meaningful results. From the rise of AI in industrial operations to the critical role of scalable data infrastructure, he explores how companies can move beyond experimentation to real, measurable impact. He also emphasizes that while many organizations are eager to innovate, success depends on finding the right partner—one that brings not just technology, but a clear understanding of industry challenges and the agility to adapt solutions to evolving needs. Watch the full conversation to learn how Radix is leading the way in digital engineering and empowering industries to shape a smarter, more sustainable future. Watch the full interview on Intelligent CIO:
- Radix partners with Celanese and Cognite to boost development of Gen AI tool JO.AI
Radix, a global technology solutions company at the forefront of industrial digital transformation, and Celanese, a global chemical and specialty material company, are collaborating with Cognite, the global provider in data and AI for industry, on the development of JO.AI, a Generative AI-powered solution designed to enhance operations in asset-intensive industries. Born from the successful development and implementation at Celanese by Radix through engineering intelligence – and powered by Cognite Data Fusion, a DataOps and AI platform for enterprise-scale, complex industrial data management projects – JO.AI is poised to redefine how industrial manufacturers leverage data for enhanced productivity and operational excellence at scale. Industrial manufacturers often struggle to unlock the full potential of their data, even with the presence of data aggregators. JO.AI solves this problem by acting as an advanced Industrial Copilot, enabling intuitive, natural language interaction with the Industrial Knowledge Graph provided by Cognite Data Fusion to make complex data easier to access and action into intelligence tailored specifically for the process industry. JO.AI leverages Cognite Data Fusion’s data management and comprehensive AI infrastructure to enable the Generative AI application to carry out more complex operations with greater accuracy. With Cognite Data Fusion as its backbone, JO.AI combines operational insights with pre-trained AI agents focused on specific process use cases. “AI has proven to be a valuable business catalyst in today’s dynamic manufacturing landscape, offering unparalleled opportunities for optimization and innovation,” said Sameer Purao, Senior Vice President and CIO at Celanese. “We developed JO.AI – in collaboration with Radix, on top of the robust data foundation provided by Cognite Data Fusion – to harness the power of AI to improve efficiency, reduce costs and elevate overall productivity. Additionally, AI enables smart production through real-time data analysis, facilitating data-driven decisions, process optimization and swift response to market demand. Incorporating AI into our manufacturing operations is not just a technological advancement, but also a competitive advantage.”
- Radix and Celanese Partnership Leverages AI to Harness the Power of Industrial Data
Radix and Celanese Join with Cognite to Bring Next-Gen Digital Solution to Industry January 27, 2025 12:19 ET | Source: Radix HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Radix, a global technology solutions company at the forefront of industrial digital transformation, and Celanese, a global chemical and specialty material company, are proud to collaborate with Cognite, the global leader in data and AI for industry, on the development of JO.AI, a groundbreaking generative AI-powered solution designed to revolutionize operations in asset-intensive industries. Born from the successful development and implementation at Celanese by Radix through their engineering intelligence expertise – and powered by Cognite Data Fusion®, the market-leading DataOps and AI platform for enterprise-scale, complex industrial data management projects – JO.AI is poised to redefine how industrial manufacturers leverage data for enhanced productivity and operational excellence at scale. JO.AI will be showcased at the upcoming ARC Industry Leadership Forum 2025 taking place in Orlando, Florida, from February 10-13 under the theme "On the Ground: Accelerate. Optimize. Scale." Radix will showcase and discuss how the powerful industrial solution is optimizing the future of smart digital manufacturing, directly addressing the challenges faced across industries such as Energy, Chemical, Manufacturing, Oil & Gas, Power Generation & Distribution, Pulp & Paper, and Metals, Mining & Minerals. Industrial manufacturers often struggle to unlock the full potential of their data, even with the presence of data aggregators. ------- Radix will be participating as a Gold Sponsor at the ARC Leadership Forum 2025 in Orlando next month with several opportunities to engage with industry leaders, customers, partners and learn more about JO.AI and its capabilities. Learn more by visiting: RADIX | ARC Industry Leadership Forum 2025 .
- Radix, Gold Sponsor at ARC Industry Leadership Forum 2025, Revolutionizes Asset Performance & Operations
Radix showcases Next-Gen AI Solutions that deliver competitive advantages for Asset Intensive companies. Houston, February 3, 2025 – Radix , a global technology solutions company at the forefront of industrial digital transformation is proud to showcase a groundbreaking AI-powered solution designed to revolutionize operations in asset-intensive industries. As a Gold Sponsor at the ARC Leadership Forum 2025, taking place in Orlando, Florida, from February 10-13, 2025, Radix takes center stage for adding tangible, adoptable and scalable AI capabilities that deliver best-in-class asset performance and sustainability. What makes Radix AI solutions unique is the tailored effectiveness of their custom-built applications paired with the in-house, industry expertise and personalized customer focus and attention, resulting in immediate, beneficial impacts to both production and profits for any industrial company. At ARC, these capabilities will reflect the Radix theme of “ On the Ground: Accelerate. Optimize. Scale.” Alex Clausbruch, CEO of North America at Radix, expressed his enthusiasm for the company’s continued participation with a large executive team attending alongside partners, such as Cognite and clients, like Devon Energy. “We pride ourselves on being "on the ground," working side by side with our customers and partners. We are happy to share the innovative approaches to Asset performance management, energy transition, digitalization and sustainability to empower our customers to achieve transformational business performance and excellence," Clausbruch commented Heavy hitters from Radix’s executive team and industry experts, along with its long-standing partners and customers, will be showcasing solutions during the ARC event and plan to focus on industries like Oil and Gas, Chemical, Manufacturing, and Power in both workshops and in scheduled sessions. “We are quickly growing and expanding our footprint in North America, and ARC is a fantastic platform to showcase what are doing to create a sustainable impact with our clients,” said, Natalia Klafke, Executive Vice President of Energy and Sustainability at Radix. “From energy management to more ways on how digital next-gen solutions are empowering customers to reach decarbonization targets, Radix is proud to showcase these and other capabilities at ARC 2025.” Radix's delegation will participate in various sessions, including an interactive lunch workshop on asset-intensive solutions, a risk-reduction via smart infrastructure sustainability session, and an AI Industrial Co-pilot session focusing on cutting edge technology and successful transformation initiatives. For more information visit RADIX | ARC Industry Leadership Forum 2025 . About Radix Founded in 2010, Radix is a privately held global technology solutions company providing consulting, engineering, operations technology, and data and software technology solutions. Radix combines key capabilities and practices to empower customers to thrive along their digital transformation journey. Radix provides technology-based, data-driven solutions to industrial and non-industrial companies worldwide. Radix has experience leading projects in more than 30 countries and has more than 1,700+ employees around the globe, with North American headquarters in Houston, Texas, main headquarters in Rio de Janeiro, additional offices in Sao Paulo and Belo Horizonte, and a presence in Singapore and Amsterdam. To learn more, visit www.radixeng.com .
- Sink or Swim? Do you have the right asset intelligence to stay afloat in turbulent, operational waters?
Key insights on driving profit in Asset Intensive Industries There is a journey taking place in boardrooms and plant floors across the globe. Regardless of industry if you have assets, you have data, and optimizing operations means optimizing the way you leverage real-time insights from your data to drive production and lower costs. According to Gartner , CIO, CEO, and business unit leaders in asset-intensive sectors, “must coordinate to ensure alignment of IT investments with business outcomes like product excellence, operational excellence, customer engagement or risk avoidance.” At the same time, government agencies are also pressuring these same leaders and companies to create a more sustainable impact for our environment. For C-levels, the aim is to convert revenue into profit by reducing operational costs, in many ways by prolonging asset lifespan - and enhancing production output. The achievement of these objectives is contingent upon an organization’s capacity to drive asset performance management and reach operational excellence. For asset-intensive industries aiming to maximize efficiency, minimize downtime, and optimize production, focusing on operational efficiency through Next-Gen Asset Performance Management is paramount. This involves leveraging immediate strategies to do more with less - and targeting areas ripe for improvement and quick acceleration. So, what happens now? Achieving the goal of Next-Gen Asset Performance Management, however, it is easier said than done. Staying afloat depends on: Achieving a deep exploration of the challenges and obstacles encountered at each stage, along with identifying best practices and solutions that enhance overall asset performance. Diving into the key solutions that impact asset performance management and effective data integration. Navigating the currents and tides to pull out your sunken data – rescuing profits and delivering a safer and more sustainable operating environment throughout your lifecycle. You need an operational lifeguard. Lifeguard On Duty Radix helps asset-intensive companies achieve a comprehensive asset management system. We ensure all aspects of asset performance, including maintenance schedules, inventory management, and workforce planning to streamline operations and improve overall efficiency. By centralizing information and automating manual processes, we help companies remove siloes and reduce the risk of human error. We help ensure that assets are running at peak performance, despite the ever-increasing demands and complexities in any asset intensive industry. We also make sure companies adopt innovative technologies and strategies that bolster reliability and performance. Through the utilization of technology, data analytics, and best practices, companies scale and extend the lifespan of their assets, boost productivity, and cut costs. Predicting Rough Waters One of the biggest challenges that Radix helps asset-intensive companies with is overcoming aging infrastructure. As equipment and assets age, they are more prone to breakdowns and failures, leading to costly downtime, maintenance issues, and often, mishaps. A crucial aspect of asset performance management is data analytics. With the vast amount of data generated by sensors, equipment, and production processes, companies can utilize artificial intelligence (AI), advanced analytics, and machine learning algorithms to gain intelligence to make data-driven decisions to optimize operations. Employing a data-driven approach empowers asset-intensive companies to anticipate failures before they occur, proactively addressing issues and avoiding costly downtime. The Rising Tide that Optimizes all Operations Radix recently facilitated the digitalization journey of a global, U.S.-based company by spearheading an initiative that involved transitioning the company from manual tools and spreadsheets to a digital platform. As part of the reengineering endeavors, Radix developed AI programs aimed at enhancing processes, accelerating their digital journey in a way that was tailored to optimize their entire operations. In addition, working with our customers, in collaboration with strategically employing Generative AI, Radix was able to orchestrate solutions that help streamline overall operations. Recognizing the significance of global, digital transformation initiatives, Radix also developed a Citizen Development Program focused on training, fostering digital adoption, and enhancing utilization rates. As a result, our customer achieved: Over 99% accuracy in forecast production and tracking. A 25% decrease in operational inefficiency. Millions from annual cost savings, which includes savings from equipment uptime improvements. A better, real-time forecasting of energy usage for reducing waste. Do not sink in these waters. Swim with a team you can trust to help you scale. Get started on your journey by visiting www.radixeng.com
- From Chaos to Clarity: How Asset Performance & Predictive Maintenance is Rewriting the Rules of Industrial Efficiency
The cost of unplanned downtime for industrial manufacturers is estimated at $50 billion a year. Preventative maintenance isn’t enough. Boeing found that 85% of all equipment fails at random, regardless of the amount of preventative maintenance, while the Arc Advisory group reported that 82% of failures cannot be bypassed using traditional equipment monitoring. It’s a challenging expense, but as artificial intelligence (AI) and smart tools evolve, predictive maintenance is becoming increasingly invaluable. Research published in the CIRP Journal of Manufacturing Science and Technology found that predictive maintenance could reduce scheduled repairs by up to 12%, decrease maintenance costs by up to 30%, and predict almost 70% of equipment failures before they occurred3. These numbers, particularly for asset-intensive operations, translate directly to bottom-line performance. Looking beyond the reaction Traditional maintenance approaches typically fall into two categories: reactive (fix it when it breaks) and preventative (scheduled maintenance regardless of an asset’s condition). Both have drawbacks – reactive maintenance leads to expensive emergency repairs and unplanned downtime while preventative maintenance often results in unnecessary work on functional equipment. What predictive maintenance adds to this mix is a fresh new layer of efficiency. It changes the paradigm entirely as it uses real-time data to determine the actual condition of equipment and predict the best time for maintenance to be performed. This approach minimizes downtime while still maximizing the lifespan of assets. It removes the risks and complexities that traditional methods add to the mix by turning maintenance into an active solution as opposed to a passive reaction. The data advantage: How information becomes insights Modern predictive maintenance platforms can transform operations by transforming real-time operational data to a platform of choice. These predictive tools empower technical teams to understand the data and the contextual information that relates to the data – this is information usually only provided to engineers and operators on the factory floor, but now in a more digestible format it can be used to make rapid and relevant decisions that can transform maintenance efficiency. Tools designed to provide companies with these insights need the right levels of data and insights to ensure they meet targets. When data scientists gain access to both machine data and operational context, they can develop more accurate predictive models that address real-world expectations and conditions rather than theoretical scenarios. But what does this mean for the organization? It means that the models and solutions developed to provide predictive maintenance schedules and data analytics are capable of delivering exceptional visibility into facilities, assets and systems. Effective predictive maintenance programs include: Comprehensive data collection – sensors are capable of capturing critical parameters that include vibration, temperature, pressure and other essential operational metrics. These metrics can be adapted to suit unique and specialized operating environments. Advanced analytics – machine learning algorithms can analyze the data to identify the patterns that precede equipment failure. Domain expertise – engineering knowledge that helps to interpret algorithmic findings in the context of real-world operations. Actionable insights – maintenance recommendations that fit into existing workflows and scheduling constraints. The right approach connects all these elements into a cohesive ecosystem that bridges the gap between operational technology and information technology. And that ensures information flows smoothly throughout the systems to ensure the data collected results in the correct maintenance action. It’s a Connected Future Predictive technologies are constantly maturing and evolving, particularly as technologies such as AI and ML continue to become more accessible, cost-effective and invaluable. Ongoing integration with other digital transformation initiatives will amplify their impact, especially when aligned with solutions such as digital twins – these virtual replicas of physical assets are increasingly combined with predictive maintenance to provide even deeper visibility into systems and asset performance. These evolutions and innovations represent a fundamental shift in how companies manage their assets as they move from isolated maintenance functions towards integrated operational excellence. Predictive maintenance, with its immediacy and relevance, is fast becoming a strategic necessity as it saves on costs, time and downtime while providing significant operational benefits. To get started on your operational journey towards predictive and scalable operations, contact Radix today at Connect with us | Radix.
- The Unseen Threat: How Inaction on Digital Transformation is Sapping Your Competitive Edge
By: Citalouise Reyes-Geiggar, PhD "Transform business models and customer experiences or risk becoming obsolete,” reports InformationWeek. The digital IT news analysis and commentary site cites experts who estimate that companies that don’t act on digital transformation (DX) and still rely on manual processes can lose up to 30% of potential revenues. With customer expectations rising, outdated operations cause frustration and fail to deliver, leading to losses. The hidden cost of doing nothing Maintaining the status quo is an expensive risk as companies lose momentum and ground, particularly to those organizations willing to invest in DX. Playing it safe in 2025 has become one of the biggest risks a company can take because change and disruption have become the norm, especially in this economy where politics play a role, which many don’t care to admit. Companies that can’t play in a radically changing playground will be left sitting in the sand. Some of the biggest consequences of inaction include: 01: Lost revenue and market position Think of old school Blockbuster. The company did exactly what Netflix did – sold hardcopy movies to consumers. What the company didn’t do, which Netflix did, was reinvent itself. Netflix reimagined an entire industry, and now, Blockbuster is a memory. The lesson here is to take action over hesitation when digital is set to reimagine what your industry can do because your competitors will. Everyone is taking the next leap. Have you heard of Agentic AI? Thats going to be my next topic. 02: Eroding customer confidence Customers expect personalized, seamless interactions and without current systems to deliver those interactions and experiences, companies risk losing them. What the discerning, modern customer wants is a company that meets their values and connects with their aspirations while ensuring consistent service delivery. 03: Talent drains and operational inefficiencies When your workforce doesn’t have access to technology that enhances or empowers their roles, or when they are consistently struggling with limited resources and complex systems, they lose interest. It’s demoralizing to work within a company that isn’t progressing, and the result is a high employee turnover rate. The flip side of this coin is that maintaining outdated systems is increasingly expensive and time-consuming. Rising renewal fees, pricey add-ons and the cost of professional services are required to keep these systems operational. Breaking the paralysis To stay ahead, Gartner recommends that businesses follow the top digital transformation trends of 2025, outlined by the US research and advisory firm: AI-Driven Autonomy: Although Agentic AI will revolutionize productivity by allowing autonomous systems to perform intricate tasks, it necessitates strong ethical guidelines to reduce risks. Responsible AI Adoption: Because regulations vary by location, AI governance platforms are essential for overseeing compliance, openness, and confidence. Trust-Centric Security: To prevent fraud and safeguard brand integrity, disinformation security emerges as a frontline defense that combines identity validation and adaptive learning. The bottom line? Businesses need to step away from inaction towards investment into technologies that create added value, support business growth, and innovation. This means breaking out of traditional approaches and moving into a more dynamic mindset. This can be achieved by: Collaborating with a technology partner, who is literally on the ground and understands your industry and your objectives so you can experiment with reversible technologies and decisions to find your sweet spot. This approach allows you to experiment without becoming paralyzed by analysis. Place purpose at the center of DX to ensure your technology investments are connected and add value for the business, your employees, and your customers. The CMO is central to this shift as the role brings a wider view of how technology can create true value at scale. Leverage the CMOs unique skillset and mindset to build a DX strategy that embraces the test and learn approach and that allows for the business to incrementally evolve without being left behind. Companies can’t afford inaction. DX may come with complexities and challenges of its own, but ignoring it is a risk that grows more expensive with every passing day. The question for organizations shouldn’t be whether or not you can afford to transform, but how to manage transformation within budgets, to achieve strategic goals, and improve customer expectations. Today, the cost of doing nothing can be the highest price your company will ever pay. Trust the process and don’t be afraid to take action. Learn more by contacting me or visit www.radixeng.com .
- Top 5 Benefits of Digital Twins to Supply Chain
“One piece of advice I give everyone here today is to use digital twins.” That was the public advice on my final day at Manifest: The Future of Supply Chain & Logistics event that Sandeep Desai , EVP and Chief Supply Chain Officer at Unilever ice cream mentioned on stage during the morning keynote. As Sandeep was quick to follow-up, “it is a hard journey to get there.” It’s essential to partner with companies that specialize in building, implementing, and optimizing this innovation. Digital twins, virtual replicas of physical entities, are transforming supply chain management by enhancing efficiency, visibility, and decision-making. Like the Vegas Sphere, a digital twin provides a mirror image of an entity so you can run “what-if” and predictive models in addition to several other capabilities. Here are the top five benefits: 1. Enhanced Real-Time Monitoring Digital twins provide real-time insights into the supply chain process by mirroring physical assets and operations. This continuous monitoring helps identify bottlenecks, inefficiencies, and potential risks. Businesses can respond quickly to disruptions, minimizing downtime and improved operational efficiency. 2. Predictive Analytics By leveraging historical data and machine learning algorithms, digital twins can predict future outcomes based on various scenarios. This predictive capability allows companies to anticipate demand fluctuations, inventory needs, and possible supply chain disruptions. Better forecasting enhances inventory management, reducing excess costs and improving customer satisfaction. 3. Improved Collaboration Digital twins facilitate better collaboration among stakeholders by providing a unified view of the supply chain. All parties, including suppliers, manufacturers, and logistics providers, can access the same information, leading to enhanced communication and coordinated efforts. This transparency helps business and Sales and Operational Planning by building stronger partnerships. 4. Streamlined Process Optimization Simulation capabilities inherent in digital twins allow organizations to test different operational strategies without impacting the actual supply chain. By analyzing various scenarios, businesses can identify optimal paths for production, distribution, and logistics, leading to increased efficiency and reduced operational costs. 5. Sustainability and Resilience Digital twins can help organizations model and analyze the environmental impact of supply chain operations. By optimizing processes to minimize waste and energy consumption, companies can take significant steps towards sustainability. Furthermore, the resilience provided by real-time data allows businesses to adapt quickly to market changes, ensuring a robust supply chain capable of withstanding disruptions. Contact me at Radix by visiting Connect with us | Radix to learn more about how Radix helps customers establish and optimize digital twins to transform supply chain management, making operations more efficient, collaborative, and resilient. Top 5 Benefits of Digital Twins to Supply Chain
- Forbes: How To Maximize (And Minimize) Technology To Boost Sustainability
Expert Panel® Forbes Councils Member Forbes Technology Council COUNCIL POST | Membership (fee-based) Implement Asset Performance Management Principles "Organizations can leverage technology to meet sustainability goals by implementing rigorous asset performance management principles and data-driven frameworks. When implemented, they optimize asset production and minimize waste and costs, leading to greater efficiency, sustainability and ROI." - Alexander Clausbruch , Radix To read the full article: Click Here.