New Tools Take Manufacturing beyond Business Intelligence

"Business analytics today involves far more than reports and spreadsheets. But despite significant investments in business intelligence (BI) software, many manufacturing organizations continue to operate with a limited set of business analytics, focused largely on querying and reporting. These are useful processes but they’re tactically oriented, focused on what happened in the past and lacking a clear connection to the organization’s overall goals and objectives. This information unquestionably remains necessary, but today it is no longer sufficient; manufacturing organizations increasingly need to understand what’s happening right now and to be able to forecast what is likely to happen in both the near future and the long term. They also need to share metrics and information with the supply chain to ensure continuity of operations."