Graphicast Receives International Recognition for its “Big Data” Project
Jaffrey, NH – Global business consulting firm Frost & Sullivan’s Manufacturing Leadership Council honored 100 world class manufacturing companies and individual leaders, including Graphicast of Jaffrey, New Hampshire, as winners of the 2014 Manufacturing Leadership Awards (ML Awards).
In a world of intensifying global competition and accelerating change, recipients of the ML Awards have distinguished themselves by embracing breakthrough innovation and enabling their companies to anticipate and respond to customers with unmatched agility.
Now in their tenth year, the Manufacturing Leadership Awards honor companies and individuals that are shaping the future of global manufacturing. Nominations were in nine categories for outstanding projects undertaken and completed by a manufacturing company, and were evaluated and scored by a panel of expert judges. Two categories recognized the achievements of individual manufacturing leaders.
Although a small company by industrial standards, Graphicast has been a pioneer in the use of detailed analysis of manufacturing and operations data to improve revenue and reduce costs. “Big data” refers to the massive amounts of information that many companies have collected on their operations that, until recently, was difficult to analyze effectively. New data analysis software, now available to even the smallest companies, makes this data come alive, providing rich and meaningful insight into the company’s operational trends and direction. Graphicast coupled data analysis with business optimization software, which allows the company to determine the most profitable path to grow the company and improve performance. The mathematics of optimization methods grew out of the necessities of World War II and garnered a Nobel Prize in Economics for their developer.
Graphicast also won an ML100 award in 2009 for its work on improving shop floor scheduling and work flow.
Manufacturing Leadership Award winners and their technology partners will be honored on June 5 at a gala celebration that follows the tenth annual Manufacturing Leadership Summit in Palm Beach, FL, a unique gathering of manufacturing leaders from around the world. The theme for the 2014 Summit is “The Next Industrial Revolution: What Will Your Company Look Like in 2030?”