Data and technology are integrating into ways that assist monitoring and evaluation professionals to more effectively learn, adapt, and evaluate their projects. Dashboards represent one of the tools contributing to data analytics through machine metrics and other capabilities.
Organizations and enterprises must design an effective analytic and reporting framework to realize a comprehensive business intelligence platform. This strategy entails the end-user being able to effectively consume and use integrated data for decision-making and competitive positioning.
Having siloed operational data is unhealthy for operational efficiency and productivity drives. Data silos are rigidly compartmentalized data areas that don't connect to any areas of your information systems.
Data analytics is transforming how businesses operate and how value is delivered in every sector. Evidence shows that organizations understand that data and analytics are driving competitive advantage, but very few implement data analytics to reap rewards.
The Covid-19 pandemic has led to serious supply chain shocks following impacts on manufacturing lines. Evidence shows that demand for consumer products stalled, cutting spending on discretionary consumer goods like clothing, fashion, household, and lifestyle products.
Industry 4.0 is gradually revolutionizing the way manufacturing plants work, handle their routine technical operations, and deliver end products to consumers and retailers. Most manufacturers have realized that connecting their machinery to communication and computer systems can boost productivity and efficiency by providing better insights into technical operations.
Industry 4.0 is revolutionizing the way companies manufacture, improve and distribute their products. Manufacturers are integrating new technologies, including Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their production facilities and throughout their operations.