PROCUREMENT & SUPPLY CHAIN

ThinkIQ Enhances Continuous Intelligence Platform for Supply Chain and Manufacturing Optimization

ThinkIQ | January 19, 2022

ThinkIQ Enhances Continuous Intelligence
On January 18, ThinkIQ, a pioneer in SaaS-based digital manufacturing transformation, announced significant platform updates aimed at providing further capabilities for supply chain and production optimization in material-centric manufacturing.

ThinkIQ is the market's first platform-based Continuous Intelligence solution. It can be operationalized at a variety of levels, including supply chain, product quality, process improvement, and any time-sensitive process that benefits from the ability to respond to what is happening in real-time throughout the manufacturing process. Analytics are integrated directly into operational processes, which can perform or initiate actions to meet certain circumstances. This includes anything from time-sensitive warnings that direct staff to the appropriate course of action to completely automated procedures that initiate downstream activities without human participation.

Continuous Intelligence bridges the divide between what is happening in your operations and the available data and insights. This increases the effectiveness with which individuals and processes adjust to rapidly changing environments.
  • Manufacturers can now gather, analyze, and exchange data in previously unimaginable ways using ThinkIQ. ThinkIQ blends continuous data input capabilities with a well-defined model that is tailored to manufacturers and their supply networks, accomplishing the objective of having current, meaningful data. The current edition offers several new features, including the following:
  • The ability to close the loop between the edge and the cloud, where AI may be performed, and then back to the edge for action. This is a critical step toward creating a self-driving autonomous supply chain.
  • Numerous modeling innovations, including automated transmission of model configuration information, facilitate corporate standard adoption.
  • Organizational and geographic characteristics. This is crucial for the continual roll-up of corporate, business unit, and plant-level key performance indicators. ThinkIQ enables the rollup of any key performance indicator (KPI), including operational, environmental, safety, and financial indicators.
  • Enhancements to ThinkIQ's GraphQL API in order to facilitate integration with third-party apps.
  • A new Model Browser makes it simple to locate objects within the model.
  • New attribute phrases for basic and weighted moving averages. The expressions consider how the interpolated data between the recorded points should be interpreted and do not require that the data input stream be sampled uniformly in time.
  • Our on-premises gateways and connectors have been strengthened in terms of resilience and performance.
  • Enhancements to our cyber security program in accordance with our SOC 2 compliance program.

"The supply chain has been in disarray since the pandemic started, and accurate materials tracking is more important than ever before for manufacturers, With our enhanced Continuous Intelligence solution, our customers can respond and adapt their manufacturing processes automatically based on ever-changing conditions by leveraging contextualized, time-sensitive data."

-Niels Andersen, CTO, and CPO of ThinkIQ.

About ThinkIQ
It is a cloud-based SaaS Manufacturing platform facilitates the development of web-based apps by leveraging the Internet of Things, Big Data, Data Science, Semantic Modeling, and Machine Learning. The platform collects data from all aspects of the business (existing and IIoT sensors) in order to give actionable real-time insights (e.g., identify correlations and root causes, traceability and yield issues, etc.). It enables a new degree of capacity that is not yet possible in standalone unconnected operating environments.

Spotlight

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Spotlight

It is heartening to know that India is the fastest growing major economy in the world and will continue to be so in the coming years. According to the World Bank’s Global Economic Prospects, June 2017, India is projected to grow at a strong 7.2% this year and at 7.5% and 7.7% in the next two years.

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