Tag Archives: Business improvement

Updates from Boeing

Boeing to Showcase the Future of Aerospace at Farnborough International Airshow
Boeing – Boeing (NYSE: BA) today announced its plans to reveal the exciting future of air and space travel at the 2018 Farnborough International Airshow, which takes place July 16-22. From hypersonic travel to the future of autonomous flight to manned space flight, Boeing will visually present the innovations that will revolutionize the way humans travel around the world and into space.

Visitors can immerse themselves in a large 360-degree theater and board next-generation aircraft through virtual and mixed reality devices. The interactive exhibit showcases Boeing’s latest family of aircraft and services, and gives visitors a first look at what the company is developing in its second century of aerospace innovation. more>

Updates from Siemens

On-Trend, On-Time Fashion Design Software
Siemens – Product innovation is critical in every industry, whether it’s automotive, aerospace and defense, consumer goods, or retail. But in the “fast fashion” retail market, innovation needs to happen constantly, as customer preferences and needs for apparel, footwear and accessory goods change. The challenge is keeping up with this demand, whether you discover it on a trip to Milan or through a social network, and filtering the best ideas into a pipeline of new styles that hits the market at the right time and in the right place.

Siemens PLM Software’s solutions for apparel, footwear and accessories provides buyers, designers, technical designers, merchandisers and senior management with a central location to capture new trends, collaborate across the supply chain, and effectively manage the fashion product development process, so your company always goes to market with the optimal assortment of new styles.

You are provided with fashion design software that incorporates decision support, integrated specification management, and value chain collaboration with secure, global access for your entire team. Manufacturers and their supply chain partners are able to collaborate to deliver new styles that customer want, when they want them, and have visibility to emerging risks and opportunities. This ultimately leads to efficiencies that deliver new fashions — whether clothing, footwear or accessories — to the market that are on-trend, and on-time. more>

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Updates from Boeing

The Future is Built Here – Farnborough Airshow 2018
Boeing – The future is here at the Farnborough International Airshow, the industry’s largest air show and aerospace technology exhibition in 2018. Thousands of commercial and defense aerospace professionals will come together July 16-22 at this renowned venue outside London.

The Farnborough Airshow is legendary for its inspiring air display lineup and for showcasing new aerospace technologies. more>

Updates from Chicago Booth

By John Wasik – Finland sits at the top of the United Nations’ 2018 World Happiness Report, which ranked more than 150 countries by their happiness level. The country that gave the world the mobile game Angry Birds scored high on all six variables that the report deems pillars of happiness: income, healthy life expectancy, social support, freedom, trust, and generosity. News reports touted Finland’s stability, its free health care and higher education, and even the saunas and metal bands for which it’s famous.

Yet abundance does not equate to happiness, according to research—even on a longer time frame. In most developed countries, the average person is rich by the standards of a century ago. Millions more people have access to safe food, clean drinking water, and in most cases state-funded health care.

And in countries with a growing middle class, millions more are now finding themselves able to purchase big-screen televisions, smart phones, and cars.

But this growth in wealth hasn’t made people happier.

People gain more happiness when they satisfy their inherent rather than learned preferences—needs rather than wants. more>

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Updates from Siemens

Product Realization for Aerospace and Defense
Siemens – Aerospace companies need to win business in an environment that is increasingly competitive, both locally and globally. This requires proving your ability to meet target dates and costs in production while delivering products that meet customer requirements.

Increasing demand in some sectors, such as commercial aircraft, drives a requirement for higher levels of productivity. You have to take advantage of new materials and processes to build the most competitive products.

Efficient manufacturing within budget and schedule targets is an operational imperative for successful aerospace and defense companies. “Program Execution Excellence” is the Siemens PLM Software perspective on how leading aerospace and defense companies can effectively deliver consistent execution with customers and their suppliers during product realization. more>

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Guidelines to Achieve Digital Transformation

GSR-18 BEST PRACTICE GUIDELINES ON NEW REGULATORY FRONTIERS TO ACHIEVE DIGITAL TRANSFORMATION
itu.int – Digitization is increasingly and fundamentally changing societies and economies and disrupting many sectors in what has been termed the 4th Industrial Revolution. Meanwhile, ICT regulation has evolved globally over the past ten years and has experienced steady transformation.

As regulators, we need to keep pace with advances in technology, address the new regulatory frontiers and create the foundation upon which digital transformation can achieve its full potential. Being prepared for digital transformation and emerging technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), Machine to Machine communications (M2M) and 5G is fundamental.

Advances in technology are creating new social phenomena and business models that impact every aspect of our personal and professional lives – and which challenge regulatory paradigms. M2M, cloud computing, 5G, AI and IoT are all bringing further profound change. Recognizing the potential of emerging technologies and the impact that policy and regulatory frameworks can have on their success, regulators should encourage a regulatory paradigm pushing frontiers and enabling the digital transformation. more> draft doc (pdf)

How Japan could soon offer lessons for the Fourth Industrial Revolution

By Murat Sönmez – Leveraging fast-emerging technologies like self-driving cars, artificial intelligence and data-intensive precision medicine to address social challenges is a goal that many countries share. The most successful will have at least two things in common: a strong sense of mission across government, industry and civil society; and the right mix of intellectual and industrial assets to apply to the task.

Japan, I’m convinced, possesses both in abundance.

In recent months, I have worked closely with Japanese government, business and civil society leaders to establish the World Economic Forum Centre for the Fourth Industrial Revolution Japan — the first Centre in the Forum’s new global network to be established outside the United States.

Supported by the Japanese government and businesses, Centre for the Fourth Industrial Revolution Japan will co-design pilot projects to speed up Japan’s response to technological change. The goal is two-fold: First, to help Japan make the most of technology as it confronts critical issues like an aging and shrinking population — part of an ambitious program of social transformation that Japanese leaders are calling Society 5.0.

And second, to create new governance models for other countries to follow. more>

Against metrics: how measuring performance by numbers backfires

BOOK REVIEW

The Tyranny of Metrics, Author: Jerry Z Muller.

By Jerry Z Muller – More and more companies, government agencies, educational institutions and philanthropic organisations are today in the grip of a new phenomenon. I’ve termed it ‘metric fixation’.

The key components of metric fixation are the belief that it is possible – and desirable – to replace professional judgment (acquired through personal experience and talent) with numerical indicators of comparative performance based upon standardized data (metrics); and that the best way to motivate people within these organizations is by attaching rewards and penalties to their measured performance.

The rewards can be monetary, in the form of pay for performance, say, or reputational, in the form of college rankings, hospital ratings, surgical report cards and so on. But the most dramatic negative effect of metric fixation is its propensity to incentivize gaming: that is, encouraging professionals to maximize the metrics in ways that are at odds with the larger purpose of the organization. more>

Updates from Siemens

Closed Loop Quality Management for Electronics
Siemens – Optimize and simplify business processes by standardizing and unifying quality related processes and workflows throughout your entire organization.

Quality planning begins during the engineering and design process of your product, and continuous with quality control during the manufacturing of the product.

With the collection of quality data from design and production you are able to initiate the problem solving process and improve your product and your manufacturing processes continuously and sustainably.

The Plan-Do-Check-Act (PDCA) cycle describes the four phases of the continuous improvement process (CIP) and is the basis for the Siemens PLM quality philosophy. more>

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Six Lessons That Society Must Learn About Agile

By Steve Denning – The article isn’t suggesting that firms embracing Agile are either angels or devils. I have yet to see a firm espousing Agile that has no flaws: those flaws must be seen for what they are and they need to be addressed.

If not addressed, they will cause serious financial, economic or social problems. Some of the flaws need to be addressed by the firms themselves and will be reinforced by the marketplace. Others may require government intervention.

Among the flaws for which the marketplace will by itself tend to generate corrective action are:

  1. Failure to continue innovating
  2. Sweat-shop workplaces
  3. Short-termism
  4. Share buybacks
  5. Rethink “maximizing shareholder value”
  6. Abuse of monopoly power and privacy

We need to see Agile by the clear light of day, neither through rose-colored spectacles in which everything is kumbaya, nor through a glass darkly in which everything is evil.

The saying “you can’t have it both ways” doesn’t mean that we can’t walk and chew gum at the same time. more>