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The Essential Role Of Business Intelligence In Modern Manufacturing

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Technology News

Business Intelligence,Manufacturing,Data Analysis

This article explores how data analysis and insights have become crucial for modern manufacturers in the era of digitization and smart factories. It highlights the importance of efficient data collection and analysis from various sources to derive actionable insights, optimize operations, and improve decision-making.

As we have moved into the era of digitization and smart factories, data has not only proliferated from IoT and sensor points all along the supply chain and factory floor, but data analysis and insight have also become essential tools for business leaders.

Enterprise Resource Planning and BI are complementary technologies that work together to enhance the value of business data. By combining ERP and BI systems, businesses can leverage the benefits of both systems and gain complete visibility of the organization. This can help businesses increase their agility, improve their oversight, and achieve their goals.Like many advancements, the AI-driven developments in BI have an associated cost.

SaaS or public cloud is the most energy-efficient option for manufacturers, although some may choose other cloud options such as private or hybrid cloud, depending on their specific requirements. SaaS ekes out maximum efficiency through the economies of scale that are achieved through multi-tenant environments.

 

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