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Future of Procurement – Transformation with Automated & Data Driven Processes
STATXO
Big Data, Machine Learning and AI have led to great advancements and improvements in various business functionalities. One key sector among them is procurement. The large amount of data generated by this business function can be successfully mined to provide keen insights, trend data and more for successful procurement strategy implementation. For instance, a business ...

Industrial Goods – Digitization is the Future
STATXO
“Every possibility need to be connected, produce data and should be secure. Connected processes, products and services” High predictive Ecosystems is the need of hour for all industrial businesses. World is heading towards over 215 billion connected devices by 2030. We are progressing in the world where by 2020, 5 terabytes of data will be ...

Insurance: Digital Transformation & Personalization are Disruptive Trends
STATXO
Insurance sector has been operating in a traditional fashion; however, now the industry is gradually embracing a phase of deep digital transformation. The change is happening across all entities of the value chain – insurer, re-insurer or intermediary and is going to encompass all phases of the insurance – underwriting, operations, product development, policy administration, ...

Resource Consumer Goods
STATXO
Today’s consumer is more powerful. They want choices, information and interaction more than ever before. More personalized experience is desired by the customers. By 2016, number of internet users reached 3 billion providing opportunities to business community connect systems and processes and enhance consumer experience on a consistent basis. Online sales are growing rapidly by ...

Intelligent Manufacturing Changing how Manufacturing is Conceptualized
STATXO
Disruption from Cloud, Internet of Things and Artificial Intelligence technology is changing how manufacturing is conceptualized. Industries are moving from a product-oriented focus to a broader view where manufacturing is considered a part of an ecosystem relying on consumer data to drive production efficiency at the factory. This phenomenon introduces the idea of intelligent manufacturing ...