David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Verticals and related subverticals include manufacturing, food and beverage, hospitality, healthcare, distribution and retail. The trade-off is capability and flexibility versus cost and time to value since third-party tools deal with end-to-end processes that span multiple applications in ways the Infor’s currently cannot.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

Smart Data Collective

JANUARY 11, 2021

We have talked about a number of changes that big data has created for the manufacturing sector. A number of manufacturers are relying more on analytics technology to streamline their operations. Cloud computing is also helping manufacturing companies to reduce costs, innovate, and increase their competitiveness.

Manufacturing 128

Manufacturing Internet of Things Cost-Benefit Big Data 128

CIO Business Intelligence

JANUARY 21, 2025

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3 A human-centric approach helps with the change management efforts around using agentic AI while evaluating the benefits and risks.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

datapine

JUNE 5, 2019

Without the existence of dashboards and dashboard reporting practices, businesses would need to sift through colossal stacks of unstructured data, which is both inefficient and time-consuming. We’ll discuss the primary features or benefits of BI-powered dashboards in due course. The Top 10 Benefits Of Data Dashboards.

Dashboards 316

Dashboards KPI Sales Visualization 316

CIO Business Intelligence

DECEMBER 10, 2024

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. That doesnt mean investments will dry up overnight. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

datapine

AUGUST 19, 2020

Explore our modern reporting software for 14 days, completely free! Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport. You can calculate it by dividing the costs of goods sold by the average inventory. Inventory turnover.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

datapine

SEPTEMBER 4, 2019

Well-built, focused dashboards easily serve up summaries and reports of the BI that’s most critical to the organization. By integrating these key performance indicators (KPIs) and goals into their dashboards, companies can proactively identify issues, minimize costs and strive to exceed performance expectations.

Dashboards 263

Dashboards Analytics Key Performance Indicator Sales 263

CIO Business Intelligence

JANUARY 9, 2025

In 2024, squeezed by the rising cost of living, inflationary impact, and interest rates, they are now grappling with declining consumer spending and confidence. Salesforces recent State of Commerce report found that 80% of eCommerce businesses already leverage AI solutions. But 2025 and 2026 will bear good news, according to Deloitte.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

datapine

JULY 6, 2022

Productivity can be measured in many different ways and at different levels, from the raw industrial output of an asset in a manufacturing facility to the specific individual sales performance of a vendor. Professionals in human resources, management, customer service and more can all benefit from the data in their productivity metrics.

Measurement 243

Measurement Metrics KPI Sales 243

CIO Business Intelligence

OCTOBER 10, 2024

CIOs must stay informed about emerging solutions that reduce the energy demands of AI and blockchain while maintaining their operational benefits. GenAI for sustainable product innovation GenAI transforms how companies approach product design and manufacturing. However, technological advancements are addressing these concerns.

Metrics 124

Metrics Optimization Strategy Technology 124

O'Reilly on Data

NOVEMBER 28, 2023

As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI. 54% of AI users expect AI’s biggest benefit will be greater productivity. Two-thirds of our survey’s respondents (67%) report that their companies are using generative AI. Only 4% pointed to lower head counts.

Enterprise 342

Enterprise Testing Modeling Reporting 342

Jet Global

JUNE 24, 2020

Breaking it Down: Engineering Reporting Strategy. We will also discuss how engineering dashboards are imperative for tracking KPIs and can streamline a reporting process. If the support costs are eating too much of the profit, it may be worth discontinuing a product. How to Build Useful KPI Dashboards. View Guide Now.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

datapine

JANUARY 28, 2020

Building an effective report following some dashboard design principles is crucial to a comprehensive BI process. Also, if you’re able to identify a positive trend as it’s emerging, you’ll be able to pounce on it and take full advantage – another clearcut benefit of creating great dashboards. click to enlarge**. Sales Target.

Dashboards 199

Dashboards KPI Cost-Benefit Visualization 199

Jet Global

JULY 29, 2020

User interfaces for ERP reporting tools are most often built with IT staff in mind, not the end user. Such is the case with Oracle Discoverer, one of the primary reporting tools in the Oracle ecosystem. Real-Time Reporting Solutions for Oracle EBS. Oracle’s 2014 Statement of Direction laid out its support strategy.

Reporting 98

Reporting Cost-Benefit Consulting Finance 98

Jet Global

MARCH 6, 2020

The industrial manufacturing industry produces unprecedented amounts of data, which is increasing at an exponential rate. Yet harnessing the corre ct data, turning that into manufacturing savvy, and achieving smart decisions from it are complex and overwhelming task s. Or reporting across multiple manufacturing units? .

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

Cloudera

JANUARY 30, 2024

In the dynamic landscape of modern manufacturing, AI has emerged as a transformative differentiator, reshaping the industry for those seeking the competitive advantages of gained efficiency and innovation. There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits.

Manufacturing 81

Manufacturing Contextual Data IoT Internet of Things 81

datapine

JUNE 3, 2021

2) Benefits Of Gauge Charts. This complete guide will cover every aspect of gauge charts, from the definition, its benefits, steps to create them, and a list of practical examples that will help you visualize how this chart type works in real business scenarios. Benefits Of Using Gauge Charts. Table of Contents.

KPI 218

KPI Metrics Visualization Cost-Benefit 218

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. Security is paramount for the core infrastructure that supports manufacturing and industrial operations.

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

JANUARY 12, 2023

In many ways, the manufacturing industry stands on edge—emerging from a pandemic and facing all-time highs in demand yet teetering on inflation-related economic uncertainty and coping with skilled labor shortages. 2] As with any advancement in technology, edge computing comes with benefits and drawbacks.

Manufacturing 75

Manufacturing Technology IoT Internet of Things 75

CIO Business Intelligence

NOVEMBER 14, 2024

In addition, about 41% are manufacturing products based on sustainable practices within manufacturing facilities ( How Retailers Are Operationalizing Sustainability in Supply Chains, 2024 , IDC, September 2024). Reducing security complexity by adopting more comprehensive solutions like secure access service edge (SASE).

IT 64

IT Cost-Benefit Manufacturing Sales 64

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. Precedence Research reports that the market for AI in the automotive sector was worth $3.5

Manufacturing 116

Manufacturing Cost-Benefit Machine Learning Optimization 116

datapine

SEPTEMBER 11, 2019

One of the primary benefits of BI is the ability to make better and more valuable decisions, and this business intelligence example is based on that very idea. All decision-makers have quick, easy access to ad-hoc analysis and reports, even on their tablets.”. 1) Improving The Decision-Making Process. 6) Streaming Internal Processes.

Business Intelligence 161

Business Intelligence Analytics Sales Dashboards 161

Smart Data Collective

MAY 27, 2021

A growing number of major automobile manufacturers have started using data analytics and AI to improve production. There have been a number of clear advantages of using big data to manufacture automobiles. However, there is a possible benefit of new developments in data technology that doesn’t get as much attention.

Data Analytics 138

Data Analytics Manufacturing Big Data Analytics 138

CIO Business Intelligence

APRIL 5, 2022

Optimas Solutions, a manufacturer and distributor of fasteners, is using data analytics in three critical areas to improve operations and relationships with its suppliers and customers, says Mark Korba, vice president of supply chain and business intelligence at the company. Enhancing operations and relationships with suppliers.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

datapine

FEBRUARY 9, 2024

Explore our 14-days free trial & benefit from great KPI analysis today! Ironically, many cost-minded professionals prefer KPIs that seem more direct, such as financial goals. Empower you to work with and customize the KPIs that will benefit your orgaization the most by organizing your data in a neat and clear way.

KPI 221

KPI Management Key Performance Indicator Measurement 221

Smarten

MARCH 19, 2025

Reporting and Visualization When an analytical solution incorporates GenAI within its software or app, it can improve the clarity and precision of the data presented. Combining techniques can reduce costs, while delivering appropriate performance, efficiency and accuracy. Click Here to download the whitepaper.

Cost-Benefit 52

Cost-Benefit Digital Transformation Manufacturing Machine Learning 52

CIO Business Intelligence

SEPTEMBER 26, 2024

And as part of it, both manufacturers and retailers will transition to 2D barcodes over the next three years. “A The benefits are potentially huge. This also helps prevent stockouts, improve customer satisfaction, and control labor costs.

IT 131

IT Manufacturing IoT Cost-Benefit 131

Smart Data Collective

JANUARY 21, 2021

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. We made a similar post about the benefits of big data for renewable energy. They see solar power as a sustainable energy alternative that is also cost effective. “This is where big data comes in.

Big Data 135

Big Data Cost-Benefit Machine Learning Data-driven 135

Smart Data Collective

JUNE 19, 2022

Since AI has proven to be so valuable, an estimated 37% of companies report using it. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Price and Cost Risk. AI is particularly helpful with managing risks. Businesses do not exist on islands. Quality Risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

Smart Data Collective

APRIL 21, 2021

Moving further, as the title suggests, we are discussing a few benefits that a business might find useful, especially the one that has low capital or just started. . For instance, if you are in the market of manufacturing room heaters. As you must have the idea, appliances of such kind have many manufacturers, local and huge.

IoT 125

IoT Internet of Things Manufacturing Cost-Benefit 125

datapine

JANUARY 6, 2022

Now that we have seen how to interpret data, let’s move on and ask ourselves some questions: what are some data interpretation benefits? From businesses to newlyweds researching their first home, data collection and interpretation provides limitless benefits for a wide range of institutions and individuals. minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” And harder to sell a data-related product unless it spoke to Hadoop.

Machine Learning 335

Machine Learning Testing Modeling Cost-Benefit 335

Smart Data Collective

APRIL 24, 2019

Manufacturing is a more powerful and essential part of our industries and economies than ever. If you represent a manufacturing concern and you’re wondering about the benefits of capturing and analyzing operational data , you’ve come to the right place. Who’s Using Analytics in Manufacturing?

Analytics 104

Analytics Manufacturing Cost-Benefit Internet of Things 104

Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. It doesn’t matter if you own a manufacturing business, an ecommerce, or a retail shop, you have IT needs. You might be one of them.

Data-driven 124

Data-driven IT Cost-Benefit Big Data 124

CIO Business Intelligence

FEBRUARY 10, 2023

The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% Benefits of predictive analytics Predictive analytics makes looking into the future more accurate and reliable than previous tools. Manufacturing: Predict the location and rate of machine failures.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

SEPTEMBER 27, 2022

ERPs were originally designed for manufacturing companies but have since expanded to serve nearly every industry, each of which can have its own ERP peculiarities and offerings. Benefits of ERP. By integrating financial information in a single system, ERP systems unify an organization’s financial reporting.

Enterprise 119

Enterprise Cost-Benefit Manufacturing Software 119