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Tag "manufacturing"

Medical device recall rates linked to frequency of FDA inspector rotations

    Medical device recall rates linked to frequency of FDA inspector rotations

Medical device manufacturing plants in the United States can experience 100 fewer product recalls per year, or a decrease of 20 percent, if the FDA investigators who inspect these plants are placed on a rotating schedule, according to a new study in the INFORMS journal Manufacturing & Service Operations Management.

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Corporate Profile: Praxair – Making our planet more productive

    Corporate Profile: Praxair – Making our planet more productive

For more than 100 years, Praxair has taken something as fundamental as air and turned it into ways to make food taste better, processes operate cleaner and breathing easier – in short, to make all our lives better by fulfilling our mission of making our planet more productive. As a Fortune 300 company, we develop products and technology that impact more than 20 different industries. You see our work every day, often without realizing it. We provide oxygen for respiratory therapy, hydrogen to help purify crude oil into gasoline, carbon dioxide to add the fizz in our beverages and argon to enhance the robotic welding systems that build new automobiles.

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IoT unleashes endless business opportunities

    IoT unleashes endless business opportunities

Imagine a sensor inside an offshore drilling rig. The sensor checks for damage to a critical valve. To do so, the sensor regulates pressure in the oil well 7,000 feet below the ocean’s surface. This sensor generates data that might have gone unnoticed half a decade ago. Back then, the rig operator had no way to tap into this ground-level information.

That’s not the case anymore. With the right technology, organizations can now find everyday data instantly, no matter where it is created – right away, on the fly – exactly when this data is most useful.

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Text analytics goes mobile

Text analytics is being embraced across industries as diverse as law enforcement, manufacturing, health care and insurance. It is a critical to fighting crime, spotting and correcting defects, reducing fraud and improving health outcomes.

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Conference Preview: WSC 2011: Simulation for a Sustainable World

The Winter Simulation Conference (WSC) has been the premier international forum for disseminating recent advances in the field of system simulation for more than 40 years. The longest-running conference devoted to simulation as a discipline, this year’s WSC will be held Dec. 11-14 at the Arizona Grand Resort in Phoenix, Ariz.

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Headlines

Former INFORMS President Cook named to U.S. Census committee

Tom Cook, a former president of INFORMS, a founding partner of Decision Analytics International and a member of the National Academy of Engineering, was recently named one of five new members of the U.S. Census Bureau’s Census Scientific Advisory Committee (CSAC). The committee meets twice a year to address policy, research and technical issues relating to a full range of Census Bureau programs and activities, including census tests, policies and operations. The CSAC will meet for its fall 2018 meeting at Census Bureau headquarters in Suitland, Md., Sept. 13-14. Read more →

Gartner identifies six barriers to becoming a digital business

As organizations continue to embrace digital transformation, they are finding that digital business is not as simple as buying the latest technology – it requires significant changes to culture and systems. A recent Gartner, Inc. survey found that only a small number of organizations have been able to successfully scale their digital initiatives beyond the experimentation and piloting stages. “The reality is that digital business demands different skills, working practices, organizational models and even cultures,” says Marcus Blosch, research vice president at Gartner. Read more →

Innovation and speculation drive stock market bubble activity

A group of data scientists conducted an in-depth analysis of major innovations and stock market bubbles from 1825 through 2000 and came away with novel takeaways of their own as they found some very distinctive patterns in the occurrence of bubbles over 175 years. The study authors detected bubbles in approximately 73 percent of the innovations they studied, revealing the close relationship between innovation and stock market bubbles. Read more →

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