Intel is saving $656M per year using predictive analytics across departments
- Intel is saving an estimated $656 million per year in business value through the use of predictive analytics across the company’s sales, supply chain, factory and manufacturing operations globally, according to the company’s 2016-2017 Intel IT Annual Performance Report published Wednesday.
- Intel says it’s also leveraging a machine learning platform to find potential bugs during the design phase of a product before it goes into development, enabling it to improve the time it takes to bring Intel products to market by 39 weeks.
- The company is also saving 50,000 hours in employee time with its solution for starting and connecting to conference room meetings, called Intel Unite, according to the report.
Digital transformation may not be easy, but the rewards are clear, according to Intel. In releasing its IT report, Intel is showcasing its success with its own digital transformation efforts.
Of course the payoffs of digital transformation are no longer a well-kept secret. IDC reports 70% of global 2000 CEOs are now building their own corporate strategies around digital transformation.
Intel’s report also demonstrates how much can be saved through something as simple as effective conference room management. While managing conference rooms may seem like a benign problem, some companies are turning to technology to save significant amounts of time and money in that area.
Toward that end, IBM's Watson Internet of Things (IoT) unit and Harman Professional Solutions group announced in April that they are working together on a artificial intelligence-based "cognitive conference room assistant" that can respond to voice commands and questions based on the "context of the room its sensor is located in."