"Companies under constellational pressure!" - This is what we heard recently from a high-ranking Hungarian executive working at an international multinational corporation. But what does this expression mean? In a metaphorical sense, the term "constellation" refers to the simultaneous appearance or alignment of certain signs or events. However, what could the leader have meant by being under "pressure," and what are these factors?
The leader formulated it as follows: Read on...
In the manufacturing industry, continuous improvement and increasing efficiency are essential for maintaining competitiveness. In this dynamic environment, the accurate tracking and reduction of defect costs are not only a financial necessity but also a strategic tool for companies to enhance the quality of their products, optimize their resources, and increase customer satisfaction. Read on...
Just as the computing revolution of the 1970s fundamentally changed the world, the AI (Artificial Intelligence) revolution now promises the same. But does it pose a threat, or does it offer an opportunity to address our current challenges? Read on...
Nowadays we frequently hear about the industry 4.0 outlook and it’s solutions.
It is easy to get lost between the promising catchphrases and we are faced by questions: “What strategy to choose?”, “What approach leads us to our goals?”
It is a realistic and cost-effective decision to buy differing, independent software at the start of a business, rather than an all-encompassing unified corporate governance system (Enterprise Resource Planning – ERP). The drawback of this solution is the differing applications cannot work in unison which reduces employee efficiency, long-term this can negatively affect the business’ performance.
Thanks to the ever cheaper sensors and computer tools you can digitally upgrade and connect your old assets, manufacturing machinery without significant investment to further optimise your value producing processes using the constant flow of information while understanding the cause and effect chain.
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