Data is changing not only the way manufacturing companies get their business intelligence delivered to them, it’s also changing how they get that intel and what kinds of BI they can get their hands on. Here are just a few of the ways that data is revolutionizing how manufactures are getting their BI.
Most manufacturing managers are getting the same reports delivered in the same format from the same system (and quite likely, by the same IT person) for years. Maybe decades. All this is changing. Reporting and Analytics solutions can deliver answers to questions you never considered asking. For instance, what earning and cost savings opportunities are lying around that you haven’t tapped into? How can you improve processes to boost productivity, reduce waste, and eliminate bottlenecks? What improvements can you make in your products that don’t cost a thing, but lower production costs and/or improve their quality? How can you enhance customer service by better meeting their needs and expectations? Your competitors are likely already getting this kind of business intelligence analytics from their big data. To remain competitive, you need to, too.
In the infancy of big data tools and architectures like Hadoop, analytical software, etc., it was difficult (perhaps even impossible) to stream the data from your custom or homegrown systems into the infrastructure needed to leverage big data and analytics. The strange formatting made it incomprehensible to most big data tools, meaning that most manufacturers with their highly complex and extremely specialized systems couldn’t take advantage of it. That is no longer the case.