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How Can Data Science Be Helpful in the Manufacturing Industry?

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Manufacturing is one of the many sectors which can benefit immensely from data science. Every industry is somehow related to the manufacturing industry as they all depend on goods, either to sell or to manufacture a final product.

Data science in manufacturing

There is a huge amount of data present today regarding products, demand, supply, consumer preference, manufacturers etc. The main reason why all this data can be helpful is that the industries can now harness the knowledge so that they can satisfy the needs and demands of their customers without any delay or lack of quality.

Data science can be helpful regarding manufacturing in many ways like:

  • Demand forecasting
  • Customization of the products
  • Detecting any kind of anomaly in the supply chain or product
  • Predictive maintenance
  • Automating the entire process of purchase and order
  • Offer different personalized services to the customers and clients

Sourcing of data for the manufacturing industry

Data is everywhere and all these data are precious if used properly. In a value chain, one can find several types of data like sales, supply, maintenance data etc. Other than that, even the consumers are producing a lot of data because, today, many of the appliances and device are installed with sensors which give data about the product and its behavior. This is the best way to know about the quality of the product and to know how and where there is an anomaly in the performance.

There is also a lot of data present in the plant histories and ERP systems as they are a great source of data for production capabilities, operations, and processing. Maintainance logs and machine readings, asset data, manuals etc. are also good sources of data. Certain types of data can be collected by using surveys, call centers, focus groups etc. as the means to collect data.

Benefits of using data science in the manufacturing industry

There are many ways big data can be implemented in manufacturing and as a result, one can get many advantages out of it like:

  • Optimization of operations

Using big data properly means the industry can increase the overall responsiveness of the manufacturing sector, use the capacity of resources to the fullest, get a clear picture of the costing, and also take quick decisions regarding the operations.

  • Reduce risks in the supply chain

Using data from all around the globe on different political, economic and climatic issues, one can design the supply chain pattern so that there can be an effective working chain keeping in mind all other contingencies.

  • Reduce costs

Using predictive analysis of the data, the industries can now invest smartly on projects which are valuable and also focus on buying equipment and machinery which will reduce the cost of the production and enhance the overall performance thus cutting costs throughout.

  • Improve the quality of products

Having enough data regarding customer insights on a certain product and how a certain product behaves, one can use that to improve quality. Data science is also helpful in customization of the products according to the consumers and their demographics.

  • After sales service

Today, marketing is no more product oriented or manufacturer oriented, it is entirely customer oriented as it is not enough just to sell a product, but also to make sure that the customer gets quality service even after sales. Using predictive analysis and customer services, one can up the quality of the customer-seller relation.

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Urban Slang – What Does WWJKD Mean?

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WWJKD or “What Would James Kirk Do” is a phrase that was derived from the famous WWJD or “What Would Jesus Do” saying, but substituting the iconic commander of the Starship Enterprise for Jesus as the object of inspiration, bringing a humorous twist to the old classic.

The phrase has been in existence for some time, but with the latest outing for the Star Trek franchise, “Star Trek (2009)”, it has found a new following amongst the younger generation. It’s meaning is fairly self explanatory, when you find yourself in a challenging situation or surrounded by danger you can find a solution to your problem by asking yourself, what would James Kirk do?

It’s a tongue in cheek homage to the exploits of Captain Kirk and his unique unorthodox problem solving techniques. Who else, when faced with a computer or robot bent on destroying the human race, could destroy it just by talking to it and making it see the error of its ways. Who could go into any conflict declaring everyone else to be wrong and only his opinion to be right and not only win the day but emerge unscathed from even the most seemingly desperate situation. So remember if you need a plan, just ask yourself WWJKD?!

This is one of the many so called urban slang phrases that have started to gain widespread usage and popularity via cyberspace and the internet – a medium which has made it so much easier to reach a wide audience. Urban Dictionary’s website has over 300000 entries, containing not only new slang terms, but also modern alternative definitions for everyday words. Being user generated, anyone can contribute words or meanings, resulting in it evolving on a daily basis.

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Chicago Hotel Deals: Recommendations on Where to Stay and What to Do During Your Trip

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Since it’s the third largest city in the US, Chicago is filled with tons of inexpensive hotels. Whether you’re visiting the Windy City for business or entertainment, you have a variety of rooms and suites to choose from. Thanks to the impressive public transportation system, you might not even have to rent a car. Just look for Chicago hotel deals online and compare the rates.

A lot of experts recommend staying in “The Loop”, or downtown area, as it is close to much of the action in the city. Some of the affordable hotels in downtown include Central Loop Hotel, River Hotel, Wyndham Grand Chicago Riverfront, and Hotel Felix.

You’ll definitely want to visit the “Magnificent Mile”, which is the best place to shop in IL. There is no shortage of name brand shops, luxury boutiques, discount stores, and more. If you are interested in the Chicago Blues scene, consider staying south of the Loop. During June, the Chicago blues Festival fills Grand Park.

You might want to look into Chicago hotel deals at historic buildings like the Whitehall Hotel, Staypineapple at The Alise, The Drake, and Warwick Allerton. These hotels have been around for at least 100 years and offer the perfect mix of historic Chicago with modern amenities. The Palmer House (Hilton) also has a romantic touch and features two popular restaurants, a health club, and spa. It’s also very close to other restaurants and shopping.

A stay near Grand Park might be worth your while if you want to visit sites like the Museum Campus, the Art Institute, Buckingham Fountain, Soldier Field, Shedd Awuarium and Adler Planetarium. A few budget hotels to consider include Chicago’s Essex Inn, Virgin Hotel, Jaslin Hotel, and Holiday Inn Chicago. There are literally 100+ accommodation options within a 2-mile radius around Grand Park, so you shouldn’t have any problems finding Chicago hotel deals in this part of the city.

Recommendations for Chicago Hotel Deals

No Chicago accommodation guide would be complete without mentioning Wrigley Field. If you want to see the Cubs play, a few suggestions include Hotel Versey – Days Inn, Villa D’ Citta, Hotel Lincoln, or The Majestic Hotel. While there are others, these are the ones that offer budget accommodation.

Baseball season isn’t the cheapest time to visit Windy City. If you’re flexible with your dates and don’t mind missing out on seeing the Cubs play, you might want to wait until winter to visit, unless there is a convention in town. The months of January – March tend to be the best times to find Chicago hotel deals. Whenever you decide to book your trip, consider opting for a vacation package that also includes airfare.

Interested in online discount codes? Don’t turn your chance to save a ton of money on your trip. You can find Chicago hotel deals by browsing the site or using the search engine. You can narrow down the results and just look for accommodation in certain areas of the city, or view the options by price.

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How Much Does It Cost To Start a Snow Cone Business?

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The snow cart business might sound great, but any smart person’s going to ask the same question whether it’s snow cones or any other business: how much does it cost to start? This is a big question since not many of us have a ton of cash on the side…if we did we wouldn’t be looking for an awesome cash business like snow cone stands!

Licenses

In most states, and even in some counties and cities, you will need to make sure you have all the business licenses available to operate. In some states these cost as little as $50 total, while in many others it may run up to a couple hundred, but it shouldn’t run any more than that. The cost also varies if you have a lawyer draw up business papers for you, or if you choose to do it yourself and hand the application into the courthouse personally. These fees can usually be made up with one or two good days.

The Snow Cone Cart

Prices can vary greatly depending on what type of a cart you buy to get started with. In fact, this expense is the single biggest factor in determining start up costs. Snow carts range anywhere from $400 to $4,000 for brand new shaved ice carts. There is also a ton of variety between these two extremes, but many people decide to start out with snow cone carts that are well under $1,000 starting out, and many make their money back in short time with just a few really good cash days.

While many people will do very well starting out with a small cart, don’t rely on price alone. There’s nothing wrong with starting cheap and working your way up (especially with how often the shaved ice business doesn’t even feel like work), but what if the early demand for your snow cones is three or four times what you can provide? Not only do all those profits walk away, but you will end up having to buy a larger and more expensive snow cone stand anyway. Take the time to make sure you’re making the right decision on this one.

The Shaved Ice Machine

The next most expensive piece of equipment is the shaved ice machine itself. The machine, along with your stand, is one of the cornerstones of your business starting out, and entry level machines are most commonly found in the $400-$600 range. The best place to find a good shaved ice machine is from an actual vendor or online website that specializes in them. Many of these sites will actually have several machines for easy comparison, making it easier for you to look at the deals available and decide on the best one for you.

Buy Supplies Wholesale

While prices can vary for the supplies you need to run the snow cone business, most of these will at least be in the same price range. For materials like paper cups, plastic spoons, or Styrofoam cups, never be afraid to look around locally for a Sam’s Club, Costco, or other wholesale store that might give you the best deal. These types of overhead materials are cheap, and when bought wholesale they often cost only pennies per snow cone sold.

Snow Cone Syrup

Out of the actual overhead supplies, the concentrate syrup for mixing ingredients will cost the most, and a gallon of this can run anywhere from $30-50 depending on flavor and vendor. The good news is that one gallon of concentrate can make 8 gallons of syrup, or anywhere from 640-800 snow cones, leaving tons of room to make a boatload of profit. Look around for sales, especially when buying in bulk as some places offer steep discounts for bulk orders.

What’s This All Mean?

The up-front costs do add up, but a snow cone business has some really amazing profit margins, and it doesn’t take that many little league games, flea markets, or big days to make up a good chunk of that initial investment. It only takes a few good days to bring in enough cash to make up for all your investment, and after that it’s pure profit.

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