In recent years, manufacturers faced major disruptions. Supply chain issues, unexpected product demand spikes, and delivery driver shortages led to longer lead times. While you can’t completely control external factors like these, you have far more control over your own internal manufacturing cycle times. This post will cover what cycle times are, the benefits of reducing them, and four strategies to help with cycle time reduction. .
These days, few people need to be convinced of the value of data. As businesses face pressure to innovate, IT is often overwhelmed with requests for custom data-driven applications. But the issue is that for many IT teams, data is still more of an obstacle than an enabler. As data sources proliferate, data access becomes a complex puzzle.
Government agencies and industry leaders convened this month in Washington, DC, to attend the 5th annual Appian Government conference. Sessions addressed how to accelerate digital transformation, reimagine the citizen experience, and optimize case management through intelligent process automation (a.k.a., hyperautomation) using low-code software development.
The financial services industry is vast, complex, and almost infinite in its diversity. So, too, are the regulatory agencies overseeing this industry. For example, the US market's regulatory framework is incredibly complex: More than 50 state or local and more than a dozen federal agencies coexist to keep the financial services marketplace healthy, competitive, and safe for consumers. The missions of the agencies overseeing the financial services industry vary as widely as the sector itself.
Shakespeare wrote that the course of true love never did run smooth. The same could be said of diving into a process improvement project without a plan. Before jumping in head first with process mining to identify and fix a broken or inefficient process, start with a strong plan to avoid headaches for yourself and others. A written plan provides direction, while giving your stakeholders something to react to. They’ll see exactly what you want to do, and have the opportunity to make suggestions.
When a leading office supply chain coined the phrase “That was easy!” in an iconic 10-year-long ad campaign, that simple idea resonated with people everywhere. And that’s no coincidence. None of us wants our daily tasks to be labor-intensive, time-consuming, or complicated. The same is true in the world of insurance. To drive growth, insurers need to make it easy for agents and brokers.
