Remembering Charlie T. Fote: A Pillar of URM GROUP and a Friend to AllNovember 20, 2023 - 3:35 pm
URM GROUP Announces Filing of Manufacturing Optimization Provisional Patent ApplicationNovember 7, 2023 - 5:15 pmURM GROUP CRO Nabil Abu el Ata Accepted into Forbes Business CouncilOctober 24, 2023 - 9:16 pmThis site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.
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Risk Rating: Scoring Challenges and Solutions
/in Operational Risk Management, X-ACT /by Valerie DriessenRisk rating is a complex scoring system, which relies upon previous experiences and foresight to anticipate risks that might impact the smooth functioning of business. When risks are well managed, a business can maximize opportunities and control the impact of disruptive events. Alternatively, if a risk is underestimated—or not anticipated at all—a business can suffer […]
The Value of Digital Twin Technology
/in Key Concepts, X-ACT /by Valerie DriessenInterest in digital twin technology is surging as use cases demonstrate its problem-solving value across diverse applications including operations, manufacturing, supply chains, utilities and enterprise management. A digital twin is commonly defined as a software representation of a physical asset, system or process designed to detect, prevent, predict and optimize the system being studied through real […]
Taking a Computer-Aided Engineering Approach to Business Transformation
/in Business Transformation /by Nabil Abu el AtaTaking a computer-aided engineering (CAE) approach to business transformation can help businesses manage program risks, maximize value, decrease costs and accelerate innovation.
Using X-ACT Libraries for Intelligent Design and Prescriptive Management of Risk
/in X-ACT /by Nabil Abu el AtaX-Act libraries are a critical asset that shortens the time to value of an X-Act deployment from months to weeks and allow businesses to benchmark their systems against best in class implementations, gain a forward-looking view of the health of interconnected systems and know when a system transformation or disruption is needed. Any decisions can be justified with accurate knowledge of the benefits, costs and constraints of any proposed change.
Cloud-Based Services Transforming Business
/in X-ACT /by Mike BrookbanksTo board members and business divisions, cloud-based services present an ideal solution for the delivery of adaptable technology services, which include services, applications, software licenses and infrastructure. Analogous to how electricity is delivered today, cloud-based services allow businesses to provide technology services as a utility, where supply mirrors business demands and changing volumes.