TwinThread: Speed and Visibility with Predictive Operations
If you are looking for greater production or cost efficiency, to effectively use your current data, or allow operators the power to find new opportunities, you may want to consider predictive analytics.
Predictive analytics could play a key role in making your data work more effectively, in a manner that suits engineers.
‘Time is Money’
To get the most from Predictive Operations it’s important to understand what your provider aims to achieve and how quickly you will see results.
The provider will understand the importance of proving value fast.
“In the Litmus Test of assessing a prospective platform, whether it’s capable of drawing on your existing information has to be very high (if not first) on your list of prerequisites.”
Ultimately, the statement ‘Time is Money’ reigns true in most business practices.
When pursuing a goal, such as production or cost efficiency, it is necessary to deploy a system that can actively analyze production data, enabling your operations team to make further improvements to current processes.
TwinThread prides itself in achieving fast results within days by providing a solution that is simple for operators to learn and apply.
“If it’s slow out of the gate, because it’s difficult to connect, this is just pushing the time to insight further out,” adds TwinThread.
Any engineer or operator can use TwinThread’s platform to model their factory and scale learnings quickly.
Creating a Digital Twin
A useful component for continuous improvement, in production, is a digital twin.
“Bringing your data to life by pairing insights with illustrated representations of the assets your experts interact with day in and day out allows for faster and more comprehensive understanding and a more risk-based approach to scaling operational improvements.” TwinThread explains.
A virtual representation of production can give insight into its overall performance in real time, and creates an easier process of diagnosing potential issues or anomalies.
“By visualizing your information through these ‘digital twins’, operationalizing insights happens faster and more accurately.”
Uncovering insights within your data at a higher speed and with greater accuracy means optimizing the value your machine and human resources can deliver - resulting in maximum payback.
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.