How Do Regulatory Risks Affect Industrial Operations?
Regulatory risk is the possibility of a change in laid regulations that can affect its security-related matters or even the entire industry. Companies must abide by regulatory and governmental bodies’ rules that oversee the concerned sector to avoid this. Therefore, a company needs to be concerned with any changes...
Green Hydrogen As A Key To Carbon Free Economy
As more and more countries are now interested in adopting decarbonization strategies, hydrogen has a critical role. Applying this feat will be particularly difficult in sectors where direct electrification is a challenge, for example, in harder-to-abate sectors, such as steel, chemicals, long-haul transport, shipping, and aviation. The pre-requisite for...
Why Do Companies Manage An Updated Portfolio Analysis Report?
Portfolio analysis is a crucial component of companies’ discovery and development management procedures in all industrial sectors. Project management is the management of industrial processes at the micro-level, and portfolio management is the overall management of the company’s portfolio at the macro level. The portfolio management process involves multiple...
Perfect Tools For Analyzing Competitor’s Performance
The competitive analysis consists of strategically frames processes that are carried out using specialized tools. These tools help the company in identifying its competitors and evaluating its business strategies. These studies determine the competitor’s strengths and weaknesses compared to their current business strategies, product, or service. The goal of...
Role Of Digital Twin In Biopharmaceutical Manufacturing
Several digital technologies are currently used to develop and increase biopharmaceutical products’ production efficiency, including vaccines, medicines, etc. One of these technologies is the digital twin technology, an essential Industry 4.0 technology widely used in all the industrial sectors, including the biotechnological and biopharmaceutical industries. Digital twins provide insights...
List Of Hilariously Bizarre Inventions Ever Patented
Wild imagination knows no bounds! This list of delightfully weird patented innovations will make you believe in this phrase more than anything else can ever do. Inventors get their intellectual property patented to preserve their own and gain recognition for the same. For any invention to be patentable, it...
Industry 5.0: Era of Automation
Industry 5.0 is for people working alongside robots and other innovative pieces of machinery. It’s about the automation of operations using robots, helping humans work faster and better by leveraging advanced technologies like big data, the Internet of Things (IoT), etc. Industry adds a personal human touch to the...
Simplifying Business Processes Using Smart Contracts
Smart contracts are lines of code stored in a blockchain and executed automatically as per the specified conditions. Blockchain technology makes it possible to conduct transactions and agreements between anonymous parties without the need for a central entity, external application, or legal system. Blockchain technology stores transactional records, also...
Conducting Primary Research in Businesses: Methods and Implications
Primary research is a methodology to collect data for any study directly from persons related to a field or area of study instead of collecting data from research or analysis conducted previously. Primary research is to solve specific problems related to the task. Primary research gives ownership of collected...
How Much Carbon Are You Leaving Behind?
The assessment of carbon dioxide emissions is known as the carbon footprint analysis. It involves evaluating CO2 emissions that are mainly concerned with product manufacturing, service, or activity leading to global warming is carried out to determine its impact and possible strategies to reduce the emission and thereby the...