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How Off-the-Shelf Tech Can Make Factories More Profitable

Harvard Business Review

Too often, smaller companies are intimidated by the high costs, complexity, and long installation times that high-end smart factory systems can require. Companies can see big financial benefits by utilizing existing data and simpler technologies to reduce waste, labor costs, overhead, and utility expenses.

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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.

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Deep tech startups in need of funding should consider federal grants

TechCrunch

who aim to power next-generation technology without the need for expensive hardware that takes billions of dollars to develop and years to deploy. For deep tech startups, the capital game can be a tricky one to play. applicants signals that your innovation has strong technical and commercial merit and the potential for broad U.S.

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Top 10 reasons to modernize technology now

CIO

The big picture: Modernizing applications can help companies take advantage of the latest technologies, streamline their operations, and stay ahead of the competition. Where IT leaders once focused only on technology, they now add greater value by relating technology’s possibilities to business outcomes and competencies.

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How real-time operational insights drive superior tech platform development

CIO

The “one size fits all” approach often employed leads to inadequacies due to inabilities to account for the demands of a broad range of users. Therefore, while tech-driven solutions are promising, they require an approach that’s mindful of these pitfalls. Cost overruns have been another significant concern.

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What is Commercial-Off-the-Shelf (COTS) Software

Openxcell

COTS stands for Commercial-Off-the-Shelf, and it refers to software targeted to a certain, specially defined range of business based on predetermined specifications. It also alleviates concerns about the challenges of developing and sustaining private IT solutions compared to Commercial-Off-the-Shelf available IT applications.

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Valence raises $25M to track team performance with continuous reviews

TechCrunch

Co-founder and CEO Parker Mitchell said that the tranche will be used to triple the size of the company’s team to 75, expand its sales footprint (particularly in Europe), and build out Valence’s product team. What constitutes a “teamwork platform,” exactly? Image Credits: Valence.