FEATURE: ANALYTICS
plan without appropriately reviewing if there
is any potential impact on profit margins.
Achieving full visibility of operations across
the business is key for maximising the
enterprise’s decision-making capabilities.
This includes having on-demand access
to the right information, at the right time.
However, according to KPMG’s 2016 Global
Manufacturing Outlook report, 43% of
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analytic software – including enterprise
resource planning (ERP) systems and
manufacturing execution software (MES) –
should be used to provide these insights.
These technologies work by collecting,
distilling, interpreting, editing and presenting
meaningful data in a timely manner, and
highlighting issues and areas of concern in a
way that is clear and actionable.
ACHIEVING FULL VISIBILITY OF
OPERATIONS ACROSS THE BUSINESS
IS KEY FOR MAXIMISING THE
ENTERPRISE’S DECISION-MAKING
CAPABILITIES.
senior executives admit they had either
limited or no visibility at all into their supply
chain – a concerning figure. How can analytics be applied to
data and what are the benefits
of this?
While no one person can have direct visibility
of everything that is going on in a company,
business intelligence technologies and Cutting through the everyday influx of data
is an ongoing business need and systems
that can help make decision-makers choose
Using
analytics
to futureproof
your organisation
42
INTELLIGENTCIO
quickly and wisely are more crucial than
ever before. To eliminate analysis paralysis,
businesses need to access contextualised
data and present this in a format – in a
dashboard, or as graphics or alerts – that
users find easy to work with.
To simplify this process, all data needs to
be stored in a centralised system that can
be integrated with other devices, so that
information can be accessed across the
entire business, by multiple parties.
Solutions like ERP and MES make it possible
to enable the integration of data across the
entire product lifecycle, from design, through
to engineering, manufacturing, delivery and
customer service. This gives all stakeholders
– from C-level executives to those working on
the manufacturing floor – access to real-time
and actionable, information and insights.
Having a filtered view of all this detail will
enable decisions to be based on relevant,
accurate and reliable data.
There is no room for uncertainty in business
when paving the way for future growth. By
applying analytics to data, decision-makers
can swiftly access insights that will enable
them to make the right choices to improve
operations across an entire business,
including customer service and demand
planning and, ultimately, profits. n
Analytics software can
provide a 360-degree
view of an organisation
from an overwhelming
amount of data that’s of
limited use. Laura Timms,
Product Strategy Manager
at MHR Analytics, sets
out ways companies can
harness data analytics to
thrive in tough times and
plan confidently for 2020
and beyond.
www.intelligentcio.com