The Power of Prediction
Everything along the industrial metals supply chain is changing rapidly. Markets, materials, products, customer demands, factory floor operations, and the demand for timely, reliable data on the products you produce. All that, plus the need to know which technological and economic trends will have the most impact on your business now.
Assessing these critical business imponderables and sorting the winners from the losers is the business of predictive analytics. And predictive analytics is the business of Tony Sardella, CEO of Evolve24, a leading analytics firm based in St. Louis. Sardella is just one of the compelling keynote speakers you’ll hear at this year’s MSCI Annual Meeting, May 7–8 at the Trump National Doral Hotel in Miami.
“Which trends will be firm and which will fade, and what that means for your capital investment strategy is just one of the areas I want to talk about,” Sardella said in a pre-conference interview with MSCI. “But also we’ll talk about how to identify what’s driving these trends and therefore how business leaders should be starting to think about adapting to and staying ahead of these developments.”
All this, of course, involves the intelligent, timely and reliable collection and interpretation of the various streams of digital information your business already collects and uses for everything from inventory controls to sales coordination and billing. But it also involves embracing a new generation of digital analytics that is only slowly taking hold in the metals supply chain. MSCI studies show that metals industry investment in digital technology has been relatively sluggish and unsophisticated compared with other industries and compared with the increasing capabilities of up-to-date IT to boost productivity and profits.
“We’ll be talking about the Internet of Things and what it means to have sensors embedded in most all products to predict their life cycles, maintenance requirements and failure rates, among other things,” he said. “But I want your audience to also understand the implications of automation, especially robotics, developments in artificial intelligence and learning machines, and something called block chain, which is a digital analytic tool that allows a new level of security and clarity around the supply chain.” It is a digital system that accurately traces the source and quality of raw materials through processing, fabricating and shipping to end stage recycling and disposal.
“These are just some of things coming at us all in business,” Sardella said. “I’ll describe some case studies to illustrate the peril and potential of each.”