Connect with us

Technology

Utilities Sector Can Enhance Risk Management and Resilience With Exponential IT, Says Info-Tech Research Group in New Resource

Published

on

Info-Tech Research Group’s recently published industry research offers the utilities sector strategic insights to enhance innovation, resiliency, and operational efficiency through the adoption of Exponential IT. The firm’s new blueprint addresses industry-specific challenges, providing IT leaders with the five priorities to drive digital transformation and maintain competitiveness in a rapidly evolving technological landscape.

TORONTO, June 21, 2024 /PRNewswire/ – The utilities industry is facing unprecedented challenges due to rapid technological advancement, increasing regulatory demands, and evolving customer expectations. As a strategic response to these disruptions, many utilities have embraced digital transformation. However, IT leaders often grapple with specialized knowledge gaps needed to leverage emerging technologies and trends effectively. To address these challenges and foster innovation and agility, Info-Tech Research Group has published its latest blueprint, Priorities for Adopting an Exponential IT Mindset in the Utilities Industry. The firm’s comprehensive research and insights provide utilities IT leaders with the tools to identify and tackle specific pain points, optimize operations, and deliver value-added services swiftly and efficiently.

“As technological disruption accelerates exponentially, every utility organization will inevitably transition into a digital utility,” says Jing Wu, principal research director at Info-Tech Research Group. “At this crucial inflection point, technology leaders must shift their mindset to embrace Exponential IT. To capitalize on this upcoming opportunity, IT leaders must evolve into business leaders who unlock advanced value for the organization while mitigating exponential risks effectively.”

Info-Tech’s new resource highlights the utilities sector’s struggle with balancing the benefits of emerging technologies while managing associated risks. For example, IT and OT departments are currently burdened with existing technical debt, which diverts their focus from maximizing the value of new technologies. However, rapidly delivering services and staying ahead of industry trends and business demands are increasingly critical in the evolving technology landscape. The firm advises that adopting an Exponential IT mindset is essential for enhancing risk management, resiliency, and sustainability in the utilities sector. This approach involves integrating advanced technologies to optimize operations, drive continuous innovation, and provide personalized customer experiences. Info-Tech explains by embracing Exponential IT, utility sector can navigate industry disruptions and meet the evolving expectations of their audiences. 

“The utilities industry urgently needs to adopt Exponential IT to counter industry disruptions and embrace opportunities,” explains Wu. “Recognizing and integrating core foundational capabilities are considered crucial initial steps in starting a successful Exponential IT transformation, resulting in the generation of value in the industry.”

The blueprint details how the utilities industry is striving to excel in the next wave of technology-driven evolution, presenting CIOs with a unique opportunity to showcase their organizational leadership. To seize this opportunity, Info-Tech advises that CIOs transition from merely providing services to delivering organizational capabilities and taking ownership of organizational objectives.

In Priorities for Adopting an Exponential IT Mindset in the Utilities Industry, Info-Tech recommends five industry-specific priorities for IT leaders to effectively implement an Exponential IT transformation in the utilities sector. They are:

Build an Adaptive Delivery Model: Enable more flexible and efficient delivery of products and services. This priority involves adopting agile methodologies, streamlining workflows, and ensuring rapid adaptation to technological and market shifts.Optimize & Automate Operations: Maximize efficiency while mitigating risks through intelligent automation and data-driven decision-making. This process includes implementing AI and machine learning for predictive maintenance, automating routine tasks to reduce manual workloads, and using data analytics for proactive risk management.Broker Strategic Relationships: Strengthen and build both external and internal relationships to better align IT capabilities to organizational goals. Establish partnerships with technology vendors, collaborate with regulatory bodies, and foster cross-functional teamwork within the organization to ensure cohesive and strategic IT initiatives.Embrace Digital Innovation: Evaluate and adopt solutions that drive consumer value, enterprise growth, and innovation. Explore and implement emerging technologies such as IoT, blockchain, and advanced analytics to enhance service delivery, improve customer engagement, and drive business growth.Cultivate Workforce Flexibility: Dismantle traditional jobs and hierarchies, normalize new collaborative ways of working, and adopt a federated and hybrid IT operating model. Promote continuous learning and development, encourage cross-functional collaboration, and create an adaptive workforce capable of thriving in a dynamic technological landscape.

To remain at the forefront of the rapidly advancing technology landscape, adopting an Exponential IT mindset is paramount for the utilities sector. Info-Tech recommends that organizations evaluate their readiness and embark on a transformational journey to maintain competitiveness and relevance.

The firm’s latest research provides a comprehensive framework for IT leaders to transform their organizations, elevate value-creation capabilities, and effectively bridge the gap between the exponential progression of technological change and IT’s linear progression in effectively managing that change. Info-Tech advises that by following this strategic roadmap, utilities can ensure long-term sustainability and success in an ever-evolving market.

For exclusive and timely commentary from Jing Wu, an expert in the utilities sector, and access to the complete Priorities for Adopting an Exponential IT Mindset in the Utilities Industry blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/utilities-sector-can-enhance-risk-management-and-resilience-with-exponential-it-says-info-tech-research-group-in-new-resource-302179259.html

SOURCE Info-Tech Research Group

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Sight Machine’s Factory Namespace Manager Converts Chaos of Manufacturing Data Names Into Corporate-Standard Naming Systems

Published

on

By

Fine-Tuned Version of Microsoft’s Phi-3.5 is One of the First Small Language Models (SLM) for Manufacturing

SAN FRANCISCO, Nov. 13, 2024 /PRNewswire/ — Sight Machine, provider of the leading platform for data-driven manufacturing and industrial AI, today introduced Factory Namespace Manager, one of the first AI small language models (SLM) for manufacturing. The AI model tackles a core data governance challenge: mapping the multitude of factory data naming schemas into enterprise-wide unified namespaces or corporate data dictionaries.

Factory Namespace Manager is one of the first partner-enabled adapted AI models for manufacturing offered within the Azure AI model catalog, which Microsoft announced today. Factory Namespace Manager uses AI to fill a crucial gap in the technology needed to create a unified namespace: mapping between the original data field names and the corporate standard, enabling manufacturers to integrate factory data with enterprise data systems for end-to-end optimization.

SLMs Are More Cost-Effective to Train and Use

Factory Namespace Manager, which Sight Machine will demonstrate at next week’s Microsoft Ignite conference in Chicago, is a customized, fine-tuned version of Microsoft’s Phi-3.5 small language model. Unlike large language models (LLMs) – general purpose software trained on vast amounts of data – SLMs are used to focus on specific types of work and require less computing resources, offering strong performance at low cost and low latency.

“Our solution addresses a widespread challenge in the manufacturing industry, converting decentralized naming systems into a single corporate standard,” said Kurt DeMaagd, Sight Machine Chief AI Officer and Co-Founder. “This has become an acute problem as more clients push factory plant floor data to the cloud, removing data from its original context, and making the management of that data increasingly difficult.”

Tackling Complex Factory Data Environments

Individual plants often have thousands of data sources from multiple generations of machinery that are frequently 10 or 20 years old, and typically the data streams aren’t labeled in a standardized format that makes clear where the data comes from and what it represents. In order to perform analytics across lines, processes and plants (and even between otherwise-identical machines with different data labeling), companies need a standardized way to identify similar data. Today, creating this translation layer requires a heavy investment of time by subject matter experts with extensive knowledge on the nuances of both the legacy and the target naming schemas, and is thus typically done manually for a small subset of data.

“I’ve spoken to dozens of industrial companies about their current and potential use of AI in factory operations and the overwhelming feedback I hear and see in IDC survey data is that most companies are struggling to leverage AI effectively at scale due to the condition of their data,” said Jonathan Lang, Research Director of Worldwide IT/OT Convergence Strategies at IDC. “They have this dilemma that contextually similar data is formatted in multiple ways and is difficult to source and normalize amidst a complete lack of historical governance and data architecture. What I’ve heard loud and clear is that technology that helps to solve this challenge and reduce the labor requirement to decipher data will be readily adopted.”

The bottling company Swire Coca-Cola USA plans to use Factory Namespace Manager to efficiently map its extensive PLC and plant floor data into its corporate data namespace.

“We are working with Factory Namespace Manager to recognize patterns in the data we’ve manually translated, and then applying the patterns to the rest of our factory data,” said Bharathi Rajan, VP of Data & Insights at Swire Coca-Cola USA. “This will make it much easier to get relevant data to frontline workers, to inform decision making, and to integrate production insights into other parts of the company such as supply chain. This is one of the most useful applications of AI we’ve seen in manufacturing, and we’re excited to put it to work.”

“The collaboration between Microsoft and Sight Machine will give manufacturing organizations the ability to build AI solutions through Azure AI Studio and Microsoft Copilot Studio that deliver real value and advance business transformation,” said Satish Thomas, Corporate Vice President, Business & Industry Solutions, Microsoft. “Factory Namespace Manager applies SLM AI technology to a high-impact use case with strong potential ROI for companies pursuing data-driven manufacturing.”

How Sight Machine’s Manufacturing Data Platform Employs AI Techniques

AI is interwoven into Sight Machine’s Manufacturing Data Platform, which uses machine learning and other AI techniques to identify and optimize how machine settings, raw materials and production practices interact to determine throughput, quality, sustainability and other key manufacturing metrics.

Sight Machine’s AI offerings include Factory CoPilot, which uses generative AI technology to offer an intuitive, “ask the expert” experience for all manufacturing stakeholders. Built using Microsoft Azure OpenAI Service, Factory CoPilot can automatically summarize all relevant data and information about production in real-time (e.g., for daily meetings) and generate user-friendly reports, emails, charts and other content (in any language) about the performance of any machine, line or plant across the manufacturing enterprise, based on contextualized data in the Sight Machine platform.

Sight Machine also offers Blueprint, AI-driven tag-to-asset mapping software for clients that have large volumes of poorly identified data sources. It uses AI to map each data source (tag) to a specific asset (machine). Sight Machine built Blueprint in partnership with Microsoft and NVIDIA.

Learn More

To learn more about Factory Namespace Manager, please go to https://sightmachine.com/product/factory-namespace-manager/.

About Sight Machine

Sight Machine provides the leading platform for data-driven manufacturing and industrial AI, helping global manufacturers increase profitability, productivity and sustainability. Sight Machine’s Manufacturing Data Platform creates a common data foundation by capturing and structuring data from the entire factory to deliver a systemwide view of the manufacturing process. With insights powered by artificial intelligence, manufacturers can now optimize across their production processes and factory networks, and extend the impact to their broader supply and value chains. Sight Machine has offices in San Francisco and Ann Arbor, Mich. (www.sightmachine.com).

Sight Machine Press Contact: Media@sightmachine.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sight-machines-factory-namespace-manager-converts-chaos-of-manufacturing-data-names-into-corporate-standard-naming-systems-302304012.html

SOURCE Sight Machine Inc.

Continue Reading

Technology

THINKING NATION TO PRESENT AT NSSLA AND NCSS CONFERENCES ON THE FUTURE OF SOCIAL STUDIES EDUCATION AND INNOVATIVE TEACHING APPROACHES

Published

on

By

Presentations Will Address Disciplinary Thinking, the Importance of Social Studies, and Dynamic, Inquiry-Based Classroom Strategies

NORTHRIDGE, Calif., Nov. 13, 2024 /PRNewswire/ — Thinking Nation, a national 501(c)(3) committed to empowering students through inquiry by transforming social studies education from content memorization to an historical thinking discipline, is excited to announce its participation in two major education conferences in Boston: the National Social Studies Leadership Association (NSSLA) Annual Conference on Nov. 20, 2024, and the National Council for the Social Studies (NCSS) Annual Conference on Nov. 22-24, 2024.

Thinking Nation Executive Director Zachary Coté said, “If social studies is to be elevated to a critical subject that the wider population sees as vital to preserving our democracy and equipping future generations for success, we must support education leaders, better equip teachers, and demonstrate our own legitimacy to other stakeholders. Thinking Nation is honored to share our insights for how to tackle these tall tasks at our nation’s largest convening in social studies education in Boston next week. With such incredible collaborators, we are hopeful for the future of social studies.”

During the conferences, Thinking Nation experts will lead sessions on disciplinary thinking assessments, the future of social studies education, and innovative teaching methods that incorporate movement to enhance student engagement. Session details follow:

NSSLA: “Breaking Down Content Silos through Disciplinary Thinking Assessments”
Thursday, Nov. 21, 2024 | 1:35-2:30 p.m.

During this session, Thinking Nation Executive Director Zachary Coté and Director of Curriculum Annie Jenson will lead a discussion exploring the critical role of disciplinary thinking common assessments in transforming school districts. By utilizing these assessments, districts can achieve vertical alignment and foster interdisciplinary collaboration, ensuring students develop a cohesive set of skills throughout their education. Attendees will learn how these assessments streamline and standardize data on student performance and provide objective insights into student learning across grades and subjects.

NCSS Vital Issues Session: “The State of Social Studies Education: What Our Many Voices Can Do Together”
Saturday, Nov. 23, 2024 |9:10-10:10 a.m.

During this special session, featuring NCSS Interim Executive Director Anton Schulzki, iCivics Inc. CEO Louise Dubé, RAND Corporation Associate Policy Researcher Melissa Diliberti and Thinking Nation Executive Director Zachary Coté, panelists will discuss the current landscape of social studies education following the 2024 election. As our nation continues to navigate complex social and political issues, the need for strong social studies and civics education is more important than ever. These experts will address the essential role social studies plays in our society and how the field of social studies education can empower students to sustain and strengthen democracy while preparing them for an evolving economic landscape.

NCSS Session: “Movers and Shakers: Strategies for Teaching Historical Thinking Through Movement”
Saturday, Nov. 23, 2024 | 4:35-5:00 p.m.

During this session led by Thinking Nation’s Director of Curriculum Annie Jenson, participants will learn innovative strategies for teaching historical thinking through movement-based activities that encourage students to think deeply and critically about content. Attendees will discover practical, collaboration-infused lesson ideas and templates that align with curriculum requirements while addressing adolescents’ developmental needs. This interactive approach fosters active learning and enhances classroom management by creating a student-centered, engaging environment that makes learning intellectually rigorous.

Visitors to the conferences can further explore these topics and meet Thinking Nation experts at exhibit booth #114.

Jenson added, “In our polarized climate, finding common ground can be more than a little challenging. That’s why I am truly looking forward to connecting and collaborating with fellow social studies leaders and educators at the NSSLA and NCSS conferences. These events offer incredible opportunities for professional growth, and I am eager to be reinspired and reenergized in our task of cultivating informed and engaged students. Thinking Nation is committed to advancing social studies education by providing educators with tools and strategies that cultivate critical thinking and inquiry skills among students. These presentations underscore Thinking Nation’s dedication to building a generation of informed and active citizens.”

For more information on Thinking Nation’s innovative approach to fostering historical thinking in social studies education, visit thinkingnation.org. To donate and support the organization’s work to transform social studies classrooms across the country, go to thinkingnation.org/donate.

About Thinking Nation
Thinking Nation is a national 501(c)(3) committed to empowering students through inquiry by transforming social studies education from content memorization to an historical thinking discipline. We believe that education is our greatest equalizer, and that every student, regardless of zip code or socio-economic background, deserves access to learning practices that reflect the diversity of identities, histories, contributions, and experiences to support enriched educational opportunity, equity, and success for all. Thinking Nation currently serves more than 35,000 students in 16 states and the District of Columbia. For more information about Thinking Nation or to become a part of this transformative initiative, please visit thinkingnation.org

Media Contacts
Laura Wessells and Martha Holler
ShinePR for Thinking Nation
ThinkingNation@shinepr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/thinking-nation-to-present-at-nssla-and-ncss-conferences-on-the-future-of-social-studies-education-and-innovative-teaching-approaches-302304346.html

SOURCE Thinking Nation

Continue Reading

Technology

Tinuiti Receives Highest Possible Scores in Media Planning, Measurement and Attribution Criteria in First-Ever Media Management Services Report by Top Global Research and Advisory Firm

Published

on

By

Tinuiti is the only agency to receive the highest possible score in the Media Planning criterion

NEW YORK, Nov. 13, 2024 /PRNewswire/ — Tinuiti, the largest independent full-funnel marketing agency across the media that matters most, has been named a ‘Strong Performer’ among the most significant media management services providers in The Forrester Wave™: Media Management Services, Q4 2024. The report cites Tinuiti’s “next best customer” approach and focus on business impact, assigning Tinuiti the highest possible scores in the Media Planning, Measurement and Attribution, and Pricing Flexibility and Transparency criteria.

Tinuiti attributes these scores to Tinuiti’s audience and media planning approach, TAPS, and Tinuiti’s proprietary measurement suite, Bliss Point by Tinuiti—which includes products such as Rapid Media Mix Modeling (rMMM), Incrementality, Forecasting, In-store Sales Lift, Creative Insights, and Brand Equity-as the platforms and process that have led to best-in-class- approach.

The report, authored by Jay Pattisall, Vice President, Principal Analyst at Forrester Research, identified, researched, analyzed, and scored the 12 most significant digital global media management service providers via a 22-criterion evaluation assessing each provider’s Current Offering and Strategy.

Jeremy Cornfeldt, President at Tinuiti, said: “To deliver true full-funnel success, brands must combine deep channel expertise with sophisticated audience and media planning. Tinuiti is the only agency to receive the highest score in the Media Planning criterion, with the Forrester report citing “Tinuiti excels in media planning through a next best customer approach, powered in equal parts by its TAPS planning process and proprietary Bliss Point technology.” To us, this long-awaited Forrester Wave report reinforces Tinuiti’s commitment to ongoing innovation and evolution—and that’s exactly what we set out to demonstrate.”

Tinuiti received the highest scores possible (5/5) in three criteria:

Media planning: “Tinuiti excels in media planning through a ‘next best customer approach,’ powered in equal parts by its TAPS planning process and proprietary Bliss Point technology.”
Measurement and attribution: Our measurement suite, Bliss Point by Tinuiti, sits at the center of our strategic process and fuels our teams to recognize real-time insights and actions.
Pricing flexibility and transparency: “[Tinuiti] boasts a superior pricing model with performance-based, time-and-materials, and SaaS-fee commercial models.”

Officially unveiled earlier this year, Bliss Point by Tinuiti is a suite of patented measurement technology designed to help marketers achieve the optimal level of investment to maximize impact and efficiency. In conjunction with Bliss Point, TAPS, fuels an integrated marketing approach, working in lock-step with Rapid Media Mix Modeling (rMMM) to quantify the audience opportunity and consumer journey by driving upper-funnel success. Powered by TAPS, Tinuiti’s strategic process is a recursive cycle beginning with the highest-fidelity customer data, which is used to develop insights from existing customers. This enables optimized strategies and tactics across transaction, attention and persuasion, and collectively delivering the next best customer.

The report by Jay Pattisall, Vice President, Principal Analyst at Forrester Research, said: “Tinuiti is a good fit for traditional enterprise brands applying growth marketing tactics and digital-native, direct-to-consumer brands entering measurable mass marketing.”

In the past five years, the agency has experienced tremendous growth, including three major transformations: a structural redesign to a client-centric model, new brand repositioning to reflect full-funnel capabilities and product-led approach, and the launch of Bliss Point by Tinuiti, the agency’s proprietary technology suite. During this period, Tinuiti’s Media Agency of Record revenue has tripled, proving that the agency’s product-driven, full-funnel performance model is exactly what brands need.

For four decades, Forrester Research has given business and technology leaders the information necessary to accelerate growth and make confident, informed decisions. Read The Forrester Wave™: Media Management Services, Q4 2024 here.

About Tinuiti
Tinuiti is the largest independent full-funnel marketing agency in the US across the media that matters most. Tinuiti has $4 billion in digital media under management and more than 1,200 employees. The agency’s patented tech, Bliss Point by Tinuiti, measures what marketers previously struggled to measure, delivering unprecedented clarity in today’s murky marketing world to get brands to their Marketing Bliss Point. Tinuiti’s product-led approach gives brands an edge in – and across – every channel. With industry-leading expertise in Commerce, Search, Social, TV, and more, Tinuiti drives meaningful, measurable business outcomes for brands. For more information visit https://tinuiti.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tinuiti-receives-highest-possible-scores-in-media-planning-measurement-and-attribution-criteria-in-first-ever-media-management-services-report-by-top-global-research-and-advisory-firm-302304403.html

SOURCE Tinuiti

Continue Reading

Trending