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Time-Based Competition (TBC) demonstrates the power of time management and how companies can use it to gain a competitive advantage. For companies that make the best use of time as they respond and adapt to changes in the market and other possible conditions and obstacles, they will gain an adaptive
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Manufacturers are frequently facing different challenges such as unexpected machinery failure or defective product delivery. Leveraging Artificial Intelligence (AI) and machine learning, manufacturers can improve operational efficiency, launch new products, customize product designs, and plan future financial actions to progress their AI transformation. Why are AI Applications important in the
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The COVID-19 pandemic poses a serious threat to health and life and profoundly affects our lifestyle: social distance, remote work, restricted and smart working. As more countries start moving towards lifting the lockdown that has been imposed on people to halt the spread of COVID-19, enterprises are looking at the
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Smart products development in Industry 4.0 The fourth industrial revolution comprises a set of advancements that involve both products and processes. Smart products development (SPD) is one of the critical aspects of this new industrial paradigm, representing several potentials for organizations and markets. Furthermore, the emergence and capabilities of smart
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What is Agile? Agile is an iterative approach to project management, software development, and more recently to product development too. Agile helps teams deliver value to their customers faster and with fewer headaches. Agile software development refers to a development methodology centered around the idea of iterative development, where requirements
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What is a digital twin? A digital twin is a digital representation of a physical object or system. The technology behind digital twins has expanded to include large items such as buildings, factories, and even cities. Some have said people and processes could have digital twins, developing the concept even