Companies that are focused on innovation typically have front-end processes in place such as ideation and tech scouting to help bring some structure to these efforts. However, companies often pay scant attention to post-launch innovation efforts to ensure that lessons have been learned and applied and to better align forecast… Read More →
How long is the shelf life of your product? Analyzing the Internet of Things (IOT) can help your company find out. Your business can even figure out how long consumers will clamor for your product before you launch it.
Retail stores today pulsate with activity and generate streams of data about customer behaviors, customer traffic, employee performance, and inventory placement and sales. This creates incredible opportunities for retailers, their regional managers and their store managers to leverage analytics to better understand shifts in customer preferences, employee productivity, and merchandising… Read More →
In a previous post, we explained how the first stage of the Analytics Maturity Model, “Measure,” enables executives and front-line managers to obtain a quick, current status of the operational and business performance of their company.
By Steve Farr, Oil & Gas Industry Expert Everyone in our industry attends functions, conventions, and shows that hint at the future of data analytics. Sure, we go to shows, but let’s be honest: who really remembers every detail of every presentation, 12 months earlier on a particular day?
In a previous post, we explained that increasingly the long-term business success in today’s data-driven economy will center on an organization’s analytics maturity. The first stage of the Analytics Maturity Model, “Measure,” enables executives and front-line managers to get a quick, current status of the operational performance and the business… Read More →
It’s an age-old problem in business. A mishap occurs, like a flawed batch of products that are produced due to an as-yet-unknown manufacturing glitch. Downtime to analyze and fix the malfunction could take hours or days, depending on the severity of the problem and whether defective manufacturing parts have to… Read More →
In today’s competitive environment, companies must better position themselves to act quickly on business opportunities and threats as they deepen their experiences as data-driven organizations. This journey to analytics maturity starts with the ability to measure the performance of a company’s business (or at least within specific functional areas) and… Read More →
Manufacturers consistently face numerous risks related to protecting the operational integrity of their supply chains, including heat and vibration that can impact the operations of plant equipment and production systems to unforeseen glitches such as transportation problems, and natural disasters.
As big data and analytics tools become more prevalent and easier for people of all walks of life to access, the consumerization of data is opening up untold possibilities for quality-of-life improvements in different corners of the globe. When leveraged effectively, big data is meant to inform us and help… Read More →