Big Data in Manufacturing

Tue, 11/12/2013
Cambridge Marriott

MIT Forum for Supply Chain Innovation
and
The Accenture and MIT Alliance in Business Analytics

Big Data in Manufacturing
Tuesday, November 12, 2013
Cambridge Marriott
2 Cambridge Center
Cambridge, MA 02142

The MIT Forum for Supply Chain Innovation, in conjunction with The Accenture and MIT Alliance in Business Analytics, is pleased to announce a one-day conference

Big Data in Manufacturing
(#MITBIGDATA)

“There is a fundamental change underway in the way that manufacturers make decisions. Instead of relying on a leader’s gut instincts, an increasing number of companies are embracing a new method that involves data-based analytics.” Prof. Erik Brynjolfsson, MIT

This one-day executive conference will focus on how Big Data and Decision Science will impact the future of manufacturing and how manufacturers can benefit.

Conference speakers include:

Big Data: A Management Revolution
Erik Brynjolfsson
Director of the MIT Center for Digital Business, MIT

Today, businesses can measure their operations, human resources, customer interactions, and supply chain relationships with unprecedented precision. As a result, they are awash with data. But data alone has little value unless it drives changes in management and decision-making. Leading edge organizations are just beginning to use big data to replace intuition and guesswork, ushering in a revolution in management. Our analysis of over 300 large companies finds firms furthest along in adopting a data-driven approach to decision-making are significantly more profitable than their competitors. In a related analysis of over 30,000 manufacturing establishments, we identify a set of management practices that are associated with higher productivity.

Prof. Brynjolfsson will discuss the principles of the new management approach, as well as some of the common pitfalls of big data.

Big Data and the Future of Manufacturing and Retailing
David Simchi-Levi
Professor, Engineering Systems Division, MIT

Prof. David Simchi-Levi will discuss the current state of the manufacturing sector, and discuss important trends that affect manufacturing and retailing. Prof. Simchi-Levi will outline how big data and decision science can help companies reduce risk in their supply chains and optimize retailing pricing strategies.

Using Big Data to Manage Operations
Narendra Mulani
Senior Managing Director, Accenture Analytics

Big Data and Business Intelligence can be exploited to dramatically improve operational excellence by enabling faster and more insightful decision-making. Manufacturers recognize that business intelligence is a strategic imperative and are looking at ways to utilize Big Data and implement Decision Science to enable them to work smarter, improve operational processes and regain competitive advantage through operational excellence.

Narendra Mulani, Senior Managing Director of Accenture Analytics will discuss how manufacturers can leverage their own data assets, exploit social data, and create a data-driven enterprise.

Big Data and Breakthrough Leadership: The Goldcorp Challenge
Rob McEwen, Chairman, McEwen Mining, and XPRIZE Board Trustee

In a digital economy, when most industries are being disrupted, companies need to think differently, challenge all assumptions to remove limiting barriers, and leverage technology and data in their company.

Rob McEwen, Chairman and Chief Owner of McEwen Mining and XPRIZE Board Trustee will discuss the GoldCorp Challenge, and how a program at MIT led to a breakthrough idea, using data and an Internet challenge that disrupted the mining industry.

*additional speakers to be announced

We have secured a group of rooms at a special rate of $249 for our attendees.

If you have not registered yet, you still have time, but seating is limited. To register, please contact Janet Kerrigan.