Remove 2022 Remove Forecasting Remove Manufacturing Remove Prescriptive Analytics
article thumbnail

MRO spare parts optimization

IBM Big Data Hub

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. What’s at stake? trillion, up from USD 864 billion in 2019 to 2020.

article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Bayer Crop Science has applied analytics and decision-support to every element of its business, including the creation of “virtual factories” to perform “what-if” analyses at its corn manufacturing sites. DSS vs. decision intelligence Research firm, Gartner, declared decision intelligence a top strategic technology trend for 2022.