We’re walking towards the halfway point of the year, and hopefully things are gradually getting back on track for you. At PowerArena, we continued to work with global manufacturing leaders to optimize their operation and enable digital transformation.
For businesses, to stay competitive, they must continue to innovate and listen to the voices within the industry. See below for our pick and take.
Labor-intensive factories—analytics-intensive productivity – McKinsey & Company
Without a doubt, the pandemic put the world to the test, even more so for labor-intensive manufacturing corporations. According to the report, even before COVID-19, there are three long-standing issues for labor-intensive industries:
- Unpredictable day-to-day attendance
- Above-average turnover
- Mismatches in skills
Some companies have adopted digital and analytic tools in solving the issues, for one, in terms of turnover and variation in attendance, companies have turned to dynamic scheduling and use computer algorithms to do staffing. On the other hand, when it comes to the mismatches in skills, take PowerArena’s solution for example, companies can narrow skill gap through identifying stations that are the easiest and could train workers in advance through captured videos, then make use of PowerArena analytics to identify the operation that people are weak at, to further make changes or enhance training accordingly.
Why Return to “Normal” When You Can Recover A Winning Position? – Bain & Company
Remaining the status quo is no longer an option if companies are to stay competitive in the long run. The study shows that about 20% of the companies use this recovery period [post-pandemic] as an opportunity to test, learn and innovate. As for the industry, the importance and value of data in manufacturing can no longer be overlooked.
We continued to improve our products and make it flexible. With BYOAI, end-users may now apply and create their own AI model, even without any knowledge in coding.
In the US, we started working with transportation departments and agencies on smart city applications.
We were invited to speak at Advantech’s online forum: https://www.powerarena.com/news/advantech-forum2021/
Happening now: PowerArena takes part in InnoVEX online: https://innovex.computex.biz/online/online.aspx?BNA=3054