Generative AI’s potential for companies is well-known, but the technology can create new risks if it is not powered by original and trustworthy data sources. In the second blog in our ‘RAGs to Riches’...
Generative AI is widely predicted to transform almost every industry and use case, and companies spent more than $20 billion on the technology last year. But it also exposes these firms to new risks if...
Adverse media screening has become an essential part of a company’s risk management process, both while onboarding third parties and customers and throughout the relationship. In recent years, technological...
Generative Artificial Intelligence (GenAI) stands as a transformative force in the digital landscape, promising innovative solutions and creative approaches to data synthesis. However, GenAI faces its...
In a recent LinkedIn post , data and technology transformation consultant Tommy Tang writes, “Generative AI has emerged as a potent tool across various domains, from content creation to bolstering decision...
Did you know that manufacturing leaders are 2.5 times more likely to put data and technology investments ahead of cost reduction efforts? There’s a good reason: Making data-driven decisions—supported by artificial intelligence applications—can help manufacturers realize efficiencies that deliver cost savings. But manufacturers need more than internal data to achieve real value; third-party data provides complementary insights, a frame of reference to help you understand not just what the data says, but why. So, what types of third-party data should you source?
News represents a huge body of text data that manufacturers can use to inform decisions and optimize performance across the business. Licensed and open source news from print, broadcast and web sources worldwide, along with social commentary from industry and thought leader blogs, can help you take the pulse on a wide range of topics. As Irish actor James Ellis once noted, “Newspapers are the world’s mirrors.” Incorporating news data in your analysis offers important context to complement internal data.
Whether you want to analyse news data to predict potential supply chain disruptions or to keep the pulse of consumers, accessing an unrivalled collection of enriched news data supports these and a wide range of other needs.
More than a decade ago, Harvard Business Review wrote that ESG reports were “as rare as penguins in the desert.” Today, it’s a different story. Environmental, social and governance standards rank high in today’s business environment. That’s where ESG-specific data can help. Rather than hunting across the open web for individual ESG reports, ratings and more, you can take advantage of aggregated ESG ratings based on analysis of hundreds of sources including SRI analysis firms, NGOs, government agencies, news feeds, social networks, non-profits and publishers. Similarly, ESG news data creates a targeted feed for analysis and insights.
By improving visibility into environmental, social and governance factors, manufacturers can implement sustainable business practices that can ultimately help you improve your bottom line.
Where does your organization stand in the marketplace? What’s happening across the industry worldwide? When you want answers that give you the big picture or focus in on the most relevant details, data about the competitive landscape, your markets and industry provides incredible value.
By using company, market, and industry data, manufacturers can gain a competitive edge, make informed decisions, and improve performance. This information can also help you identify new opportunities for growth and innovation, and adapt to changes in the market.
The regulatory landscape in manufacturing is constantly evolving. For example, the rising interest in ESG extends to regulators around the world. With a growing number of new or proposed disclosure rules requiring organisations to disclose climate and social impacts—even in relation to non-controlled ventures—you need access to a wide range of data. Plus, there’s the “G” or governance factor to consider.
In addition to protecting your organization from compliance shortcomings, you can also reduce potential reputational risks that accompany governance failures or a non-compliant third party you associate with.
Enable analysis of patents across your industry with data gathered from 100+ patent authorities around the world. Patents data can help you in numerous ways.
By analysing patents data, manufacturers make informed decisions about research and development, marketing, and strategic planning.
Want a single source to tap into all these data types? Talk to us about Nexis® Data as a Service to see what’s possible.